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Alternative Economies through Women’s Savings and Credit Cooperatives
WACN encourages these informal groups of women to register as cooperatives, thereby allowing them to operate as a legal entity. WACN promoted women cooperative help create local economies through collective savings.
The collective community efforts have to solve economic and social problems. They have been able to save million s of rupess with themselves and provide credit to the members of the local communities. They have invested the money on agricultural activities along with raising livestocks. They come up with their own solutions.
This has also contributed to poverty reduction and raising the living standard of the local communities.WACN has registered and developed 41 women’s savings and credit groups, establishing a base of more than 30,000 women members.
Nari Chetna Kendra Nepal, also known as Women’s Awareness Centre Nepal (WACN), was established in 1991 by a group of women interested in improving the socio-economic status and self-development capacity of disadvantaged people, particularly women and children. WACN strives to eliminate all forms of violence through action programs that address the root causes of development issues, mainly poverty and female subordination. Specifically, WACN helps rural women start savings and credit cooperatives, together with community-based development activities, to increase their social and economic power. Assisted by WACN’s programs, rural women begin to take an active role in decision-making processes.
- To raise awareness of women’s and children’s potential as powerful and dedicated members of society through gender-sensitive, community-based, development programs.
- To empower women and children economically and reduce poverty through savings and credit programs.
- To eliminate violence against women, including trafficking, domestic abuse, sexual assault, and superstitions.To create self-sustaining rural communities through the development of sustainable agriculture.
- To expand training and resource centers in their respective communities.