English Internationalll Cooperative Day | Hamro Patro

ब्लग - साहित्य / चाडपर्व तथा दिन विशेष लेखहरू

International cooperative Day

Co-operative is a movement, a movement of participatory progress upon economic empowerment, and every year on July 4th, the world community commemorates this day. This day is the marking of the first Saturday of July since 1923.

Since 1923, the International Cooperative Organization has been celebrating Cooperative Day in July every year. The United Nations has also adopted the day since 1995. In Nepal too, in the last two decades, there has been a growing trend of taking loans in installments, forming groups at the community level, and doing business, including cooperative or microfinance and credit flow without any collaterals. From small businessmen to big corporations, they are involved in saving a certain amount of money and borrowing a large amount of money by paying small installments regularly. Cooperative refers to financial services or assistance provided to individuals or community groups who are financially marginalized, low-income, and do not have access or have less access to other financial services.

The purpose of co-operative is insurance for savings, borrowing, and risk reduction. Compared to other financial transactions, cooperative loans can be relatively expensive as loans have to be disbursed at the community level and mostly without collaterals. Despite this, many small farmers or small traders are a part of co-operatives as the service is simple, easy, and provided in the community.

Initial co-operative days in Nepal
The initial credit for cooperatives or so-called microfinance in Nepal goes to the Rural Development Bank of Eastern Nepal (Gramin Bikash Bank), which has been delivering cooperative facilities in Eastern Nepal since the mid-1990s. This bank first created a women group, made them literate, and empower them enough to aspire for a loan with a specific purpose of doing a certain business.

-Suyog Dhakal

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Hamro Patro - Connecting Nepali Communities
Hamro Patro is one of the first Nepali app to include Nepali Patro, launched in 2010. We started with a Nepali Calendar mobile app to help Nepalese living abroad stay in touch with Nepalese festivals and important dates in Nepali calendar year. Later on, to cater to the people who couldn’t type in Nepali using fonts like Preeti, Ganesh and even Nepali Unicode, we built nepali mobile keyboard called Hamro Nepali keyboard.