2023 arrivals: ICA welcomes a new member from Nepal

02 Mar 2023

The ICA welcomed a new member in March: the Nepal Federation of Savings and Credit Co-operatives Union (NEFSCUN) from Nepal. NEFSCUN is the member-based national apex organization of Savings and Credit Cooperative Societies (SACCOS and credit unions) and their District Unions (DUs). 

NEFSCUN is committed to the development, promotion and strengthening of its member organizations through supporting SACCOS and DUs in their aim to contribute for the upliftment of financial, social and cultural aspiration of individual members of respective community by following the international credit union principles.

NEFSCUN has reached 76 districts and able to cover 3.53 Million individuals into the financial mainstream. Every Year, NEFSCUN provides cooperatives management training for more than 20,000 leaders and staffs. It has supported to promote formal finance access to the poor and manage their cooperatives locally with global tools and techniques.

The ICA now has 315 member organisations, of which 273 are full members and 42 are Associate Members, from 107 countries.