About Us

The Society had just 870 members, with a share capital of 4.35 lakhs. It could collect 5.45 lakhs as deposits and advanced 8.45 lakhs as loans and the profit was just Rs. 27,216. Actual functioning started on 24-9- 1990 in a rented building, which belonged to Shri R.A. Kumble. Board of directors and the staff left no stone unturned for the development of the society which was later renamed (in 2002) as "Shri Arihant Credit SouhardSahakari, Ltd. Borgaon."

 

Sahakari has made tremendous progress in a short time. Dada's intention was to build such a bank building, that people from cities should come to see. And yes! the Sahakari has built a big, spacious, attractive and well furnished building and moved into it on 21-08-2002. The building is a model for other co-operatives.

Now in 2015 Sahakari has 7339 members, Share capital 2.49 crores, funds 19.29 crores, deposits 310 crores, loans advanced 182.66 crores, investments 98.45 crores, profit 2.03 crores. Sahakari has 24 branches (spread over four districts) and 11 of them are operating in own buildings.

Sahakari has just completed it's prosperous run of 25 years. A state of the art function hall 'Shri Arihant Sabhagruha' has been built, in the premises of the main building to commemorate Silver Jubilee Celebration, and will be declared open on 13-10-2015.

We take this opportunity to remember the great efforts made by all the board of directors of all branches, who set aside their personal work, and devoted their time for Sahakari. They have been moving to places, contacting persons, to collect deposits, sanction loans, recovery of loans etc. Our vocabulary is not sufficient to praise their contribution. We salute them all.