Date 2064 Asad 20, 2064 BS, registered with the Division Cooperative Office, Inaruwa, and established within the Damak Municipality, Danfe Community Savings and Loan Cooperative Society Ltd., Damak-5 is a community-based member-centered organization.

This organization is moving forward on the path of progress day by day, adhering to the national and international values ​​of cooperatives within the scope of the Cooperative Act 2048 and the organization's regulations.

By expanding its scope to all other VDCs and municipalities except the 7 VDCs of the former Jhapa district, this SAKOS has the main objective of developing financial literacy to identify areas that have not reached financial access and transform the people living in low-income communities economically, socially and culturally.