Savings and Credit Co-operatives Empower Rural Women, Boosting Economic Development in Nepal.
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 adults and empowered women making decisions on family health and social activities. Overall, the study shows that Nepalese women can increase savings, achieve socio-economic empowerment, and contribute to rural economic development.