32-year-old Ramesh Sunar lives in a squatter settlement near Birendranagar-10 bus park. A brain tumor patient, he has been cleaning public toilets at the bus park for 5 years. The wife and 53-year-old mother also cleans toilets and bus parks. The money he saved from the 20,000 rupees a month he got for cleaning the toilets was being deposited in Shivsikhar Multipurpose Cooperative whose office is in front of the main gate of the bus park.

As they accumulated over the years, their savings reached 4 lakh 50 rupees. "I didn't buy the food I liked, the clothes I chose, and saved money to buy medicine, the cooperative ruined it," Ramesh said, "They cheated me of the money I had saved by cleaning the feces and urine of the world by 10-20 rupees, the cooperative has closed forever." 

The family is under stress after the savings sink. 'I used to come to the bus park at 4 o'clock in the morning regardless of winter or rain,' says Ramesh, 'The owners and employees of the cooperative ran away with the money they had saved to buy medicine, and now they are worried because the hard-earned savings have sunk.' She tells that she was not sent to school and made to work in the toilet. "We had saved money in a cooperative near Dailo to save our husband, we never imagined that they would run away like this," she says. 

Namraj Upadhyay of Birendranagar-10 also saved the money he saved by distributing newspapers in Shivshikhar Cooperative. His savings of Rs 50,000 were also embezzled by the cooperative operators. He is disappointed after the co-operative cheated him of the money he collected by selling newspapers on his bicycle. "I had saved a small amount of money so that it would be easy to educate my son," he said, "I did not think that ordinary people would be robbed like this." 

Shivsikhar Multi-Purpose Cooperative Institution, which has its head office in Bhaktapur, has opened a branch in Birendra Nagar, Surkhet, and the hard earned income of many poor people like Ramesh and Namraj has sunk. Ganesh Thapa of Birendranagar-2 had deposited 1 crore 67 lakh rupees in his account in Shivsikhar Cooperative after selling the house and land in the name of his parents. 

Lakshmi Dahal, who is related to Ganesh's aunt, worked as an accounting officer in the cooperative. Ganesh became a member in August 2078 after Lakshmi asked him many times to withdraw from the bank and become a member of the cooperative saying that he would be promoted. He transferred the money in the National Commercial Bank and Siddharth Bank to the cooperative's account. Baama's days are spent in tears. The agent of the cooperative made a member of Birendranagar by telling a 'scheme' that gives more interest than the bank. Under the same temptation, many people withdrew millions of money in the bank and became members of the cooperative. There is an experience of savers who did not give money even when they tried to withdraw money before getting the news that the cooperative was in trouble. 

Cooperative Department, Ministry of Cooperatives and Police-Administration have been demanding to get back the 8 lakh rupees deposited in Prem BC Cooperative in Birendranagar for a year now. After working in a motor parts shop for a long time, he saved money in a cooperative to start his own business. He says that the manager of the cooperative, Chandan Thapamgar, deposited the amount after taxing him. "I gave money every day after the boss came home to give more interest than the bank, but now I am stuck," he said. 

branch manager Thapamagar has raised 190 crores BC says. He says, "20 victims have come in contact with me. How many others are there? Where to go to say, there is no body to listen. The said cooperative raised funds under various topics such as daily savings and child savings. Savers complain that they are tempted to double the amount in five years in the Child Savings Scheme. 

Birendranagar-11 Gangamala Petrol Pump and Vari Gas Dealer Vinod Dahal also opened the accounts of 10 members of the household along with his staff in the cooperative. He had deposited 16 million rupees in the name of mother Nanda Dahal in a term account at 15 percent interest rate for three years. I had already withdrawn half of the amount due to suspicion. I had opened an employee account because I would save two money by working at the pump, now I am stressed," he said. 

People who worked in the cooperative, from driving cars to selling tea, from stone crushing to other laborers, saved. "They have been collecting money from ordinary people rather than big businessmen to double the amount," said Dahal. 

On February 15, 2079, Shivshikhar Cooperative Multi-Purpose Organization put up a notice that it was closed for a few days because of the economic recession in the country. The cooperative itself also operated a garden mart. The mart was stocked with food, fancy, utensils, liquor, shoes etc. The co-operative also bought land for the co-operative in Dailekh with the money saved in Surkhet. Shivshikhar in Mehalkuna, another branch was also in operation.  According to an employee of the

cooperative, even the employees working in the mart and the cooperative had not received their salary for a long time. After the closure of the office of the cooperative, the savers had collected the details of their savings. Victim saver Prem BC said that 7,399 savers have accumulated 310 million savings in both branches at Birendranagar in Shivshikhar and Mehalkunama in Gurvakot.