Ranjit Srestha / ICCO Cooperation / ACT
“We are a group of Women’s Saving Group and we have 40 members who save Rs 50 (Nepalese Rupee) every month. Our village is a tough place to be a farmer, nothing much grows here except potatoes. So, it helps to have our own savings group, where everybody pools money together which we can loan to people within the community for a fair interest rate. It saves us from having to go to a moneylender and bear high interest rates.
We lost everything in the earthquake but thankfully, our lives were spared and when ICCO/ACT Alliance came along and helped our Savings group with Rs 50,000 as revolving fund, we found the much needed support to rebuild our lives.
We decided as a group to use the fund to give out loans to women who want to start Ground Apple farming in our village. It’s a high value crop and every plant will yield upto 18 kgs of the fruit, with each kilo fetching between Rs 200- 400 depending on the market. It’s a new venture for us subsistence farmers, but making the switch to a high value crop, will help us bounce back stronger.”
– Putali Mata Shrestha, Chairperson, Kalinchowk Women’s Saving Group, Pokhare, Sindhupalchowk