Welcome to VYCCU

VYCCU is a sole-purpose, (working in the field of saving and credit) co-operative institute in its infancy. Following the international credit union principles, it has been collecting savings from its shareholders, offering a certain amount of interest on the savings and lending money to its shareholders at reasonable interest rate.

This institute was established on the 5th of Bhadra in 2048 B.S. under the initiative of VDRC (then Vijaya Youth Club) with the active participation of 26 shareholders. Due to the confusion in lending it institutional legitimacy through registration, it was named ‘Vijaya Youth Club’. This, in short, is known as VYCCU. At present, it is running after having been registered under Co-operative Act 2048 and Co-operative Regulation 2049 at the co-operative institute in Nawalparasi in the year 2050.

Established with the ideal motto of ‘Saving is the seed of development’, this programme was initiated with 50 paisa daily saving per head. The aim of the institute is to emancipate the society from the prevalent poverty, illiteracy and indulgence and to develop the god habit of saving and thus mobilize the same saving among the shareholders to encourage small-scale entrepreneurship.