Depositors in trouble after a cooperatives closes its office in Tulsipur

Published On: March 7, 2023 10:30 AM NPT By: Republica  | @RepublicaNepal

TULSIPUR, March 7: The service seekers have been badly affected after the Shiva Shikar Multi-Purpose Cooperatives in Tulsipur suspended its services.

With the closure of Cooperatives for a month, the depositors are forced to return empty handed. A fruit trader from BP Chowk, Tulsi Nepali, who had deposited Rs 127,000 in the Cooperatives, is now regretting over the savings he made.

"It has been almost a month. Although employees in Cooperatives said they will open the office, they have not resumed operation of the office. It has been difficult to pay the loan," he shared the plight.

Similarly, Chandra Kali BK is another client who deposited Rs 60,000 in the Shiva Shikar Cooperatives. She visited the office many times to take the money, but in vain. "Nobody is present in the office. When they are contacted over the phone, they said they will pay by July," she explained the problem.

She had planned to undergo medication with the savings, but now it is not certain when she will be able to get her money back from Cooperatives.

Ashok Bhandari, who runs a fancy clothes shop at Tulsipur, informed that he had also deposited some amount for future in the Cooperatives. He reached the Cooperatives office many times, but returned empty handed. "Although it is a small amount  of Rs 6,000, I had to work hard to earn it. Now, I'm facing monetary problems," he said.

According to him, even a mart is run by the Cooperatives, but the mart denied slashing from his saving amount for his purchase.

The Cooperatives had issued a notice on February 10 saying that it would suspend its services until further notice.  It said that they were  unable to pay back the depositors due to the economic recession.


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