Introduction

The Aarthik Bikash Mitra Saving and Credit Cooperative Society Ltd. was established on 5th Poush 2061 BS (December 2004 AD) by 37 members, including 28 men and 9 women, with the intention of serving the then VDCs (Village Development Committees) of Hokse, Anikot, Mahadevsthan, Dolalghat, and Bhumlu in the Kavrepalanchok district. The cooperative aimed to provide services desired by its members, collect scattered small capital, and promote the habit of regular savings. It was established with the objective of supporting the economic, social, and cultural upliftment of its members through various transactions.

Approximately a year after its inception, on 24th Mangsir 2062 BS (December 2005 AD), the cooperative was registered at the Division Cooperative Office in Bhaktapur. As the organization continued to dedicate itself to serving its members within its working area, it broadened its services in response to the members' demands. To further strengthen and make the cooperative movement more effective, the organization merged with Mitra Saving and Credit Cooperative Ltd., which was registered at the Division Cooperative Office in Dhulikhel on 7th Baisakh 2053 BS (April 1996 AD) with the purpose of fostering friendship and encouraging the habit of saving among its 25 founding members.

Following the merger, the cooperative was renamed as Aarthik Bikash Mitra Saving and Credit Cooperative Society Ltd., expanding its working area to the entire Kavrepalanchok district. It has continued to operate its transactions with a community-based approach, focusing on bringing about economic, social, and cultural change among its members through safe, sustainable, and reliable operations. The cooperative remains actively engaged in developing a collective spirit of "We and Ours" rather than "I and Mine," and in providing financial and non-financial services as per the needs of its members, in line with cooperative values and principles.