Lack of outreach to the financially excluded entrepreneurs and communities.docx - 1 Lack of outreach to the financially excluded entrepreneurs and

Lack of outreach to the financially excluded entrepreneurs and communities.docx

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1. Lack of outreach to the financially excluded entrepreneurs and communities Even though, Annapurna Savings and Credit Coopertives was established with a vision of reaching out to the lower income households and making them financially independent, lack of outreach to the envisioned target market has been a serious issue here. They have been collecting deposits, mobilizing funds and providing loans but not all the customers are the target market of the institution. While, this has proven to be advantageous to the shareholders of the institution, it has not fulfilled the mission that they went out to achieve. For the same, Annapurna Savings and Credit Cooperatives Limited has planned to reach out to slums of Hanumante River, where mostly agro entrepreneurs reside. These customers are neglected by huge institutions like commercial and development banks but can turn out to be profitable market. 2. Booming cooperatives in the area As days go by, Annapurna Savings and Credit Cooperatives is facing challenges to bring
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  • Spring '17
  • Economics
  • Cooperative, The Target, Annapurna Savings, Teej program

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