Vyccu Savings And Credit Co-operative Ltd.

YCCU Savings and Credit Cooperative Limited is a primary-level single-purpose cooperative organization (working in the field of saving and credit). While adhering to the international credit union principles, it is engaged in collecting savings from its members, providing a definite interest on the savings and providing loans to its members on easy interest rates, thereby working towards social security and transformation.



This organization came to life on the 5th day of Bhadra, 2048 under the initiative of Vijay Development Resource Center (then Vijay Youth Club), wherein 26 members of the club got together with the slogan “Saving is the Seed of Development” and the programme kick-started with each member contributing 50 paisa a day to the organization.The prime motive of this organization was to set this society free from widely prevalent poverty, illiteracy and addiction by encouraging the habit of saving and to utilize the collected amount through its members for the promotion of various social enterprises. After it obtained permission from Nepal Rastra Bank in 2054 for limited banking activity, it has been successful in attracting more investment and in providing better services.