Youth Steps Bachat Samuha

Meeting Review

Updated: 10th Poush, 2017

Agenda discussed:

Opening of saving Account:

Youth Steps Bachat samuha completes its first six months from Mangshir 2074 which
reaches the maturity of fixed deposit. Therefore, the capital which is deposited on first
month reaches its maturity at the end of Mangshir and will be moved to saving account so
that the released capital may be utilized for different purpose like requirements for loan
and investment opportunities.

Ongoing savings:

The savings we collect each month will be continued as before. Though, after the end of
Mangshir the collected money will be deposited on saving account with the released
capital from fixed deposit.

Inaugural of Loan:

The capital collected in saving account will benefit to make the free flow of capital by
which bachat working committee plans to start the opening of loan as per the
requirements to beneficiary from the early of seventh month (i.e. 1st Poush, 2074).

Thus, there are three provisions for availability of loan to the beneficiary described as
follows:
1. Six Months Loan
Terms and conditions:
 Beneficiary shall clear the loan through EMI (Equated
Monthly Installment) system.
 Beneficiary shall pay 15% interest of the total loan
amount.
 Beneficiary shall pay at least 10% of the loan amount on
every installment.
 Beneficiary shall be charged 1% fine of the installment
amount if fail to pay the installment on prescribed time.
 Beneficiary shall pay 1% charge for the renewal of loan.

2. Three Months Loan

Terms and Conditions:
 Beneficiary shall clear the loan through EMI (Equated
Monthly Installment) system.
 Beneficiary shall pay 14% interest of the total loan amount.
 Beneficiary shall pay at least 10% of the loan amount on
every installment.
 Beneficiary shall be charged 1% fine of the installment
amount if fail to pay the installment on prescribed time.
 Beneficiary shall pay 1% charge for the renewal of loan.

3. One Month Loan

Terms and Conditions:
 Beneficiary shall clear the loan through EMI (Equated
Monthly Installment) system.
 Beneficiary shall pay 13% interest of the total loan amount.
 Beneficiary shall be charged 1% fine of the installment
amount if fail to pay the installment on prescribed time.
 Beneficiary shall pay 1% charge for the renewal of loan.
Note:

1. Regarding the issue of Loan, beneficiary shall pay charge of Rs. 100 per Form per
Individual.

2. Bachat working committee has planned to conduct its meeting on mid Mangshir
(i.e. 15th Poush, 2074) for the further discussion and approve the terms and
conditions for sanction of loan to beneficiary.

3. Time and Venue:

15th Poush, 2074 Saturday
8:00 A.M to 9:00 A.M Sharp
Bahundhara Chowk, Nirmal Shrestha’s Residence