Top 10 Big Cooperative in Nepal as per Capital and Net Profit

Apr Sat 2024 03:08:40

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Top 10 Big Cooperative in Nepal as per Capital and Net Profit

In Nepal Financial Post has published a list of 10 largest cooperatives in the country based on total assets. Of the 10 cooperatives, naturally, the most i.e. 6 savings and loan cooperatives have been included in the list. The list includes 2 multi-purpose and 2 other cooperatives. According to the state, there are 3 cooperative societies in Koshi, 3 Bagmati, 1 Gandaki, 1 Lumbini and 2 in the South Western Province. Among the top ten cooperatives, 5 are from the district.

Top 10 : Janutthan Sakos, Rupandehi

Jan Utthan Savings and Credit Cooperative Society located in Rupandehi is an ACCESS branded organization. The last time the organization got the silver brand was in 2023. Ran Bahadur Thapa, the manager of the organization, informed that according to the financial statement of mid-February, the total assets of the organization reached 3.72 billion 74 million rupees.

The reserve fund of the organization with a share capital of 271 million rupees is only 29 million 62 million rupees. 8 crores in the credit risk fund of the organization. Probably Nepal's number one cooperative Jan Utthan, which has more reserve fund than share capital. The institution has collected 2.87 billion 76 million savings and made loan investment of 2.80 billion 98 million rupees.

There are 39 thousand 999 members in the organization. Also, the number of loan members is 10 thousand 589 people. The institution has 25.10 percent liquidity. Jan Utthan is also the primary organization that contributes the most to the Stabilization Fund. The organization has so far contributed Rs 1 crore 97 lakh to the fund.

Top 9: Karnali Sakos, Jhapa

The total assets of Karnali Savings and Credit Cooperative Society in Birtamod-4, Jhapa have reached 4.45 billion 35 lakh rupees. According to the financial report till the end of February 2080, there are 56 thousand 512 members in the organization. 15,668 people have taken loans from the institution.

The share capital of the organization is 500.9 million, reserve fund 133.38 million, 127.4 million in various funds and total institutional capital is 153.37 million. The institution has 2 billion 55 million 25 million savings and 3 billion 88 million loans. The institution has 15.07 percent liquidity. There are 42 service centers of the organization.

Top 8 : Bindhavasini Sakos, Kavre

Bindhwasini Savings and Credit Cooperative Society is a community based organization with Access Silver Brand. Bindwasini, which is known as the best organization in Nepal, has 53 thousand 723 members. The total assets of the organization reached 4.81 billion 64 million rupees, the chief executive officer of the organization K.B. Lama Syangtan informed.

According to the financial statement of the end of February 2080, the share capital of the organization is 514 million rupees. CEO Syangtan said that the organization's reserve fund is Rs 359 million, various funds are Rs 2025 million and the institutional capital is Rs 3572 million.

The total savings of the organization is 3.43 billion 31 million rupees and the investment of the organization is 3.56 billion 36 million rupees. The institution has 885.3 million (25.79 percent) liquidity. 11 thousand 218 people have taken loans from the institution.

Top 7 : Kisan Multipurpose Cooperative, Kailali

The total assets of Kisan Multipurpose Cooperative Organization, which has its head office at Lamkichuha 1 in Kailali district, has reached 5.95 billion 6.7 million. The organization has been working in the agricultural sector along with financial transactions. The organization has 41 service centers, 4 outlets of Kisan Coop Agro and 3 outlets of Kisan Coop Mart. There are 82 thousand 462 members in the organization and 31 thousand 748 people are availing loans.

According to the report of mid-February 2080, the share capital is Rs 44 crore 47 lakh. The reserve fund of the organization is 294.3 million rupees and 567.4 million rupees in various funds. With a total savings of 3.59 billion 2 lakh, the organization has invested 4.74 billion 79 lakh rupees. The institution has 22.75 i.e. 81 crore 66 lakh rupees of liquidity. According to the organization, there are 295 employees working in the organization.

Top 6 : Community Sakos, Kavre

The Community Savings and Credit Cooperative is one of the best organizations in Nepal with its head office in Panauti, Kavre. This organization has also acquired the Access brand.

According to the details up to the end of February 2080, the total assets of the organization have reached 6 billion 140 million 29 million rupees. The share capital of the organization is 475.5 million, reserve fund 364.2 million, various funds 166.68 million, total institutional capital is 374 million.

Similarly, the amount of savings is 4 billion 35 million 46 million and investment is 4 billion 35 million 46 million. The institution has 722 million (16.54 percent) liquidity. There are 59 thousand 156 members in the organization and 7 thousand 388 people are availing loans.

Top 5 : Navjeevan Cooperative Society, Kailali

The total assets of Navjeevan Cooperative Society located in Dhangadhi of Kailali District have reached 6.14 billion 75 lakhs. There are 33 thousand 677 members in the organization.

The share capital of the organization is 293.5 million, the reserve fund is 411.1 million, and the various funds are 83.3 million. The total savings of the organization is 4.79 billion 1.4 million and loan investment is 4.56 billion. As of mid-February, the institution has 1.36 billion (28.38) percent liquidity. 4 thousand 516 people are availing loans from Navjeevan, which has an institutional capital of 433.5 million.

Top 4: IME Cooperative Services, Kathmandu

IME Cooperative Service Limited is the fourth largest cooperative in Nepal. According to the report of mid-February 2080, the total assets of the organization are 10 billion 119 million.

The share capital of the organization is 474.7 million, reserve fund is 350.3 million, total institutional capital is 91.68 million, various funds are 11.38 million. Similarly, total savings is 8.34 billion 66 million, investment is 6.45 billion 19 million and liquidity amount is 2.67 billion 64 million (32.07 percent). The member organizations of the organization are 10,440 people and the number of borrowers is 904 people.

Top 3 : Viku Sakos, Nawalparasi

Viku Savings and Credit Cooperative with its head office in Gaindakot is the third largest cooperative in Nepal. Although it is the third largest in terms of sales, it is the best cooperative organization not only in Nepal but also in Asia. Viku Sakos is an access branded organization.

There are 191,178 members in the organization. The total assets of the organization are 10 billion 16 billion 81 million rupees. The share capital of the organization is 8976 million, reserve fund 6263 million, various funds 1058 million, total institutional capital is 7263 million.

Total savings is 8 billion 991 million, investment is 6 billion 768 million, liquidity is 2 billion 866 million (35.32 percent). 8 thousand 280 people have taken loans from the institution.

Top 2 : Nepal Multipurpose Cooperative, Jhapa

Nepal Multi-Purpose Cooperative Organization with its head office in Mechinagar Jhapa is the second largest organization in Nepal. Along with the business of savings and loans, the organization has been working in the fields of consumer shops, dairy, agricultural farms, tea, etc. The total assets of the organization are 13 billion 84 million 83 million.

There are 163 thousand 642 members in the organization and 18 thousand 115 people have taken loans from the organization. The share capital of the organization is 1.41 billion 17 million, reserve fund is 799.7 million, total savings is 10.08 billion 57 million, loan investment is 10.64 billion 47 million.

The total institutional capital is 814.1 million, the total amount of various funds is 123.6 million. The institution has 1 billion 95 lakh (19.38 percent) liquidity.

Top 1 : Sahara Nepal Sakos, Jhapa

Sahara Nepal Savings and Credit Co-operative Society with its head office in Birtamode, Jhapa is the largest co-operative society in Nepal. This organization has been established as the largest organization in Nepal by both business and member network.

The number of members of this organization is 169 thousand 192 people. According to the details up to the end of 2080, the total assets of the organization are 16 billion 643 million. The share capital of the organization is 1 billion 680 million 11 million, reserve fund 1 billion 24 million 2 million, total savings 12 billion 19 million 74 million, investment 10 billion 81 million 68 million. Similarly, the institutional capital is 1.27 billion 76 million (7.95 percent) and 45 million 46 million in various funds. The institution has 32.10 percent liquidity. 70 thousand 137 people have taken loans from the institution.