Savings and Credit Co-ops Empower Rural Women, Boosting Income and Literacy.
Saving and Credit Co-operatives in rural Nepal help empower women by providing access to financial resources. A study in Dang, Nepal found that women who joined a specific co-operative saw improvements in savings, access to loans, and starting small businesses. This led to a decrease in poverty levels, with more households earning over NRs 100 thousand annually. The co-operative also offered adult literacy classes, resulting in more literate women who made decisions on family health and social activities. Overall, joining the co-operative helped women become more financially independent and contribute to the economic development of rural areas in Nepal.