Saving and Loan Mobilization in Cooperative (with Reference to Samuhik Saving and Credit Cooperative Ltd. Bhojpur)

Abstract

A cooperative is a community based business organization which is owned funded and controlled by its members. The present study has focused on "Saving and Loan Mobilization in Cooperative: with reference to Samuhik Saving and Credit Coopertive Ltd. Bhojpur Municipality Bhojpur. Samuhik Saving and Credit Cooperative society is established in 2063 B.S. for economic and social development of the members. This study is based on primary and secondary data which is qualitative and quantitative in nature. The total members of this cooperative are 339 in the time of field research and 75 members have been taken loan . Out of 75 members 50 members are taken as sample purposively. In this study, there are three main objectives, first is to analyze the financial status of cooperative, second is to study the socio-economic background of the members and third is to analyze the role of the Samuhik Saving and Credit Cooperative in the study area. Share capital and saving are the main sources of capital of this cooperative. Total share capital is Rs.22,58,600 up to this fiscal year 2014/15. It is in increasing trend. There are seven types of saving collected by this cooperative. These are also in increasing trend, up to this fiscal year, Rs. 2,89,54,023 amount is collected as deposit. Credit mobilization is another scheme of the cooperative. There are main seven purposes of loan disbursement which is also in increasing trend. Rs.23,156,508 amount has been mobilized as loan in different purpose. Almost of the members have been taken loan in income generating activities so their socio economic status have been changing positively. After using loan in income generating activity, their house structure have been improved, occupation composition also changed which was before joining in this cooperative. Almost of the members have been getting the facilities of drinking water, improved toilet, modern cooking stoves ( bio and Lp gas). Members children are sifted to private school from government school due to their payable capacity has been increased. Finally, S&SSC Cooperative is the main instrument for small business, agricultural production and as well as income generating activities. The role of cooperative in income and employment generation and overall living standards is positive. It changes occupation, education of the family members, and whole living standard of the members. It generates awareness on the people. Thus in short the members are towards satisfactory trend to reduce poverty and empowering their social status but there are still many things to be done. And considering the solution of the existing problems in this cooperative there is need to come up with better planning and policies for the future. The cooperative should organize some kinds of trainings, such as cooperative education, entrepreneurship development, business plan preparation, crop diversification, sustainable agricultural program etc.