Cooperative CEOs’ workshop concludes with 12-point resolution

KATHMANDU: Nepal Federation of Saving & Credit Cooperative Unions Ltd (NEFSCUN) concluded Saving and Credit Cooperative Organizations (SACCOS) CEOs' National Workshop-2023, on Thursday. The CEO's workshop issued a 12-point common resolution. The two-day workshop expressed commitment to building a safe saving and loan campaign through responsible management. Various national and international experts made their presentations at the workshop. About 450 CEOs of savings and credit cooperatives across the country attended the programme. The CEOs passed a resolution that cooperative organisations should provide technology-based services, maintain good governance, and make management responsible for building the organisation's reputation. The resolution of solidarity and necessary lobbying for the creation of a separate Savings and Credit Cooperatives Act was also passed. The CEOs made a commitment to follow the unified voluntary guidelines, to join the standardisation programme for institutional development and strengthening, and to fully implement the PEARLS system to build a safe organisation. The PEARLS system evaluates the adequacy of protection afforded to the credit union by comparing the allowance for loan losses to loan delinquency. The CEOs expressed commitment to fully implement the regulatory arrangements and to maintain at least 5% of the institutional capital to manage risks. NEFSCUN Treasurer Deepak Paneru recited the 12-point resolution. While reciting the common resolution, and said that he would guide to address the current problems of the cooperative campaign. READ ALSO:

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