Introduction
Green gold Organic Tea Development Cooperative Society Limited was formally established on 9 Feb 2011 with 25 members with the objective of playing a leading role in promoting and integrating tea farmer by including the tea farmers of Kunjyang Rural Municipality (former Chaughare VDC). The main objective of the cooperative is to extend tea cultivation as organic farming, to encourage its members in tea production, to collect green tea leaves from farmers, to purchase and sell them, to produce fertilizers required for tea, and to process green leaf tea. In addition, the objective is to bring improvement in the living standards of the members through quality financial and non-financial services to the members. This cooperative is also affiliated with the District Tea Cooperative Federation, Lalitpur, Central Tea Cooperative Federation.
This cooperative currently has a total of 36 shareholders, including 29 male and 7 female members. The share price of this cooperative is Rs. 100 and the provision to purchase at least 15 shares has been made, so the total paid-up share capital is NPR 50,000.00.
Goal
To promote the economic, social and cultural development of the cooperative and its members by complying with the prevailing laws and regulations within the scope of the cooperative.
Objective
- To encourage members to develop organic tea.
- To help members build society by providing them with knowledge of self-reliance, mutual cooperation, thrift and self-reliance.
- To improve the economic life of the farmers affiliated with the cooperative in organic tea farming.
- To increase the primary needs and income of the members by collecting the scattered capital and investing it in tea farming.
- To inform the members by organizing training seminars on the importance and benefits of organic fertilizers, organic medicines, and tea.
- To develop tea tourism.
- To enable the cooperative in financial and management work.
- To produce green tea leaves, the raw material required for the tea factory.
- To build an organic tea processing factory.
- To sell and distribute organic tea in national and international markets.
Additional objectives:
- To provide organic fertilizers and pesticides by the cooperative and to reduce the financial burden on the members by selling daily necessities at reasonable prices through the cooperative shop.
- To provide organic fertilizers and organic pesticides required for tea production.
- To establish a Tea Development Fund for sustainable financial resources.
- To create sustainable financial resources required in the future by involving members of compulsory savings, regular savings and various types of savings institutions.
- To increase the attraction of farmers towards organic farming systems by organizing observation tours of places where organic farming systems are adopted.
- To process organic green tea produced by farmers at low cost and arrange a market in the country.
- To try to stop the sale and distribution of harmful pesticides.
- To provide all kinds of technical support required by farmers.
- To conduct daily operations as provided in the Cooperative Act, rules and regulations, keeping the interests of the cooperative and its members in mind, and to acquire, purchase, sell, exchange, transfer, deposit, mortgage, etc. movable and immovable property, etc.
- To save regularly by promoting self-reliance, mutual cooperation and thrift among the members involved in the cooperative.
- To increase income sources and employment opportunities to improve the economic, social and educational status of the members of the cooperative.
- To provide interest to the depositors on their deposits at a competitive rate if deposits are received from the members regularly.
- To provide loans to the members at a specified interest rate for production, income-generating and skill-generating purposes.
- To establish direct contact with the bodies that provide the services and facilities required by the members.
- To accept donations and grants received from donor cooperatives without any conditions.
- To maintain a spirit of cooperation with local, regional, national and international cooperatives with similar objectives to achieve its objectives.
- To conduct income-generating projects for the development of members and the cooperative.
- To provide assistance in the economic and social upliftment of the weaker sections and low-income individuals and groups in the society.
- To obtain loans at concessional rates from cooperative and non-cooperative financial institutions and other bodies, if necessary.