CN-Cooperative
दर्ता नं.– ५७१/०६८/०६९
(नेपाल सरकार, सहकारी ऐन २०४८ बमोजिम स्थापित)
Introduction
Concern Nepal Saving and Credit Co-operative Society Ltd., (CN-SACCOS) was established by the members of Concern NEPAL (CN) Baglung on Tuesday, 18 October 2011 (1st. Kartik 2068) with the aim to provide financial support in the quick and easy process to the small business enterprises and industries. It provides various saving schemes to the depositors with the attractive interest rates. This will definitely help to enhance the economic status of its members as well as for the development of the nation.
We will be very happy to receive comments and suggestions from your side so that we can better improve our services.
Our features:
The followings are our salient features.
- Quick and easy service
- Attractive interest rates to the members and depositors.
- Implementation of computer based account system
- Operated by local, experienced, and reputed promoters
- Use of electronic media like Internet, email, website etc.
- Door-to-door deposit collection service.
Saving Account:
In this account the member or depositor can deposit any amount. We provide the interest at the rate of 9% per annum to the daily balance of the account. There is no restriction on drawings.
| Deposit Type | Interest Paid On |
|---|
| Every 3 Months | Every 6 Months | Yearly | Maturity |
|---|
|
Daily
Saving
|
|
|
9% |
|
| Weekly Saving |
|
|
9% |
|
| Monthly Saving |
|
|
9% |
|
| Child Saving |
|
|
10% |
|
| Current Saving |
|
|
2% |
|
A cheque book is issued at the creation of this account to facilitate drawings.
Fixed Deposit Scheme:
This type of account can be opened from 1 year to 5 years. Loan can be issued on its security. In this account the interest may very depending on the interest payment frequency. For the detailed information about the interest rate, please refer to the following table.
Loan can be issued on the security of “Fixed Deposit Certificate” with the interest rate of additional 2% to the given interest rate.
| Fixed Deposit Type | Interest Paid On |
|---|
| Every 3 Months | Every 6 Months | Yearly | Maturity |
|---|
|
1 Year
|
10.00% |
10.15% |
11.5% |
11.5% |
| 2 Years |
10.50% |
10.65% |
11.75% |
11.75% |
| 3 Years |
10.75% |
10.90% |
12.00% |
12.00% |
| 4 Years |
11.25% |
11.40% |
12.5% |
12.5% |
| 5 Years |
12.00% |
12.15% |
12.75% |
12.75% |
Government tax will be deducted on the payment of interest.
CN Permanent Saving Scheme:
In this account any amount can be deposited, interest at the rate of 11.5% is provided every six monthly and only interest can be drawn. Principal amount can be drawn by giving six month prior notice
Loan Schemes:
We provide loans for various purposes like business, trade, hire purchase, industry, service, agriculture etc. Followings are the interest rates on various loans.
| S.N. | Loan Type | Interest Rate |
|---|
| 1 |
Business |
14% |
| 2 |
Hire Purchase |
15% |
| 3 |
Industry |
15% |
| 4 |
Service |
14% |
| 5 |
Agriculture |
14% |
| 6 |
Hypothecations |
14% |
| 7 |
Baglung Land & Building (Long term loan, above 10 years) |
18% |
| 8 |
Other Loans |
14% |
| 9 |
Surplus Fund (Loan at call) |
11%-15% |
When we issue loans except on the security of “Fixed Deposit Certificate”, we charge 1% of the loan amount as the service charge.
We are continuously reducing the interest rates on loans. Please visit our Office regularly for latest interest rates.
For the loans above 2 million, the interest rate can be fixed on mutual negotiation.
Transaction Hours:
The office renders its services from Sunday to Friday except in government / bank holidays.
Sunday - Thursday:
- The office opens at 10:00 AM to 5:00 PM from Sunday to Thursday.
- Cash receive till 3:00 PM
- Cash payment till 2:30 PM
Friday:
- On Friday the office opens at 10:00 AM and closes at 3:00 PM.
- Cash receive till 1:00 PM
- Cash payment till 12:30 PM
Managing Committee:
| Mr. K.B. Shahi |
Chairperson |
| Mr. Prem Bahadur Malla |
Vice-Chairperson |
| Mr. Bhumiraj Sapkota |
Secretary |
| Mrs. Harikala Thapa |
Joint-Secretary |
| Mr. Lachhu K.C. |
Treasurer |
| Mrs. Sharda Shahi |
Member |
| Mrs. Jayanti Malla |
Member |
| Mr. Shiva Prasad Sapkota |
Member |
| Mr. Bir Bahadur Malla |
Member |
