Riddhi Siddhi Co-operative

About us

The Riddhi Siddhi Multipurpose Cooperative Society was established with the support of interested friends, family, and people. In relation to the agreed primary concept, on 25 Chaitra of 2063 in alignment with legal procedures required from the Nepal Government Cooperative Department Division, Cooperative Office, Kathmandu, the Riddhi Siddhi Cooperative was registered under the Reg. No. 1117/063/064. After the registration, it took about three years to officially start the cooperative as there was a lot of profound discussion on the meticulous details and itineraries for opening the cooperative. There were multiple questions on the strategy to increase the amount of the paid-up capital of Rs 5,00,000 and the selection of interested partners/friends etc for the cooperative. Despite the delay in the official opening of the cooperative, it was successfully launched in the year 2066 in Baisakh at the branch of Bhedasingh, Kathmandu.

It wasn’t difficult to establish the cooperative but it was a struggle for the cooperative to run and collect the required capital. But with the support of our dedicated, hardworking, well-wishers and friends, the cooperative was successful to collect the capital amount of Rs. 72,16,500. The cooperative was able to put together the saving amount of Rs. 1,47,36,298. For the purpose of using a reliable, transparent and secure system to manage the account, it collaborated with Microbanker Nepal Pvt. Ltd’s Accounting Software.

Additional Information

After the formation of a cooperative team, we decided upon the target, mission, vision, goal, and objectives to attain the estimated outcome. Riddhi and Siddhi are considered the two protectors of Lord Ganesh. Similarly, our cooperative living up to its name wants to protect your wealth and provide quality service. As a symbol of Lord Ganesh, our cooperative doesn’t believe in excess advertisements but we prioritize providing a reliable service and are always on the frontline to support our shareholders in any difficult situation.

Since the establishment of the cooperative, for the fulfillment of our objectives, we have been deliberately strategizing from an economic perspective.

Our Mission

To establish the cooperative as a prestigious organization by expanding the reach and scope to all types of members through financial security of small saver members, effective resource mobilization, sustainable and quality service expansion.
To develop as an organization that conducts safe financial transactions based on the use of the latest technology, cordial managerial procedures, cooperation and partnership between members.
To build a large family of satisfied member-savers to the organization by ensuring sustainable security.
To contribute to the economic development of the members by investing the savings available in the organization in safe areas with returns.

Our Vision

To build the cooperative as globally credible & reliable and establish a major role in supporting its members for financial transactions.

Our Goal

To build the cooperative with the latest technology and sustainable economic ideas.