Depositors in trouble after cooperatives close services

A fruit trader from BP Chowk, Tulsi Nepali, who had deposited Rs 127 thousand in the Cooperatives, is now regretting the saving. “It has been almost a month. Although employees in Cooperatives said they will open the office, they did not. It has been difficult to pay the loan,” he shared the plight. Similarly, Chandra Kali BK is another to deposit 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 coming July,” she explained the problem. She had planned to undergo medication with the saving, but now it is not certain when she gets her money back from Cooperatives. Moreover, Ashok Bhandari, who runs a fancy clothes shop in Tulsipur, informed that he had also deposited some amount for the future in the Cooperatives. He reached the cooperative office many times but returned empty-handed.

“Although little (Rs 6,000), I had to toil for earning 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 that it would close down services till another notice reasoning it was unable to pay back the depositors due to the economic recession.