Coronavirus (COVID-19) Updates


From Credit Unions, For Credit Unions

World Council created this page as a resource for the latest coronavirus (COVID-19) news, information and recommendations specifically relevant to credit unions across the globe. All of the content is provided by World Council, its members, or their affiliated credit unions and financial cooperatives. To share information from your organization on this page, please email us at

Nepal Coops Push Forward with BCP Preparation Amid COVID-19 Crisis

The following post is provided by the Asian Confederation of Credit Unions (ACCU), a World Council associate member.

Nineteen Nepalese savings and credit cooperatives (SACCOS) attended the fifth workshop on "Business Continuity Plans in a COVID-19 World" from November 3-5.

The virtual training was co-organized with the Nepal Federation of Savings and Credit Cooperative Unions (NEFSCUN). The training was able to deploy the Business Continuity Plan (BCP) using the template developed by ACCU. 

Based on the WHO country report as of November 25, Nepal has now reached 224,077 confirmed cases and 1,361 deaths from coronavirus since March. This situation has raised the need for SACCOS to prepare their BCPs with a focus on the recovery of members. Participants recognized this approach is imperative since the recovery of the SACCOS largely depends on the recovery of members.

With their BCPs in hand, these SACCOS can be in a better position to work their way to resiliency, by ensuring financial viability to members, employees and the institution itself.

All participants were expected to complete their business continuity plan and present it to ACCU during their graduation ceremony in December.