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What are the advantages of being a Cooperative?
Services - The cooperative form of enterprise is specially suited for meeting the collective needs of members, whether they are producers, consumers or workers.
Democratic control - Each member has an equal say in cooperative matters. That is, one member one vote.
Economies of scale - A cooperative can mean increased buying/selling power and reduced processing/handling cost.
The Cooperative Difference
Generally, seven principles of cooperation apply to the operation and establishment of cooperatives. These are:
Voluntary and Open Membership - to all willing to accept the responsibilities of membership.
Democratic Member Control - Active cooperative members each have one vote.
Members' Economic Participation - ensures that the operations of the cooperative are focused on servicing the members' needs. In a trading cooperative, surpluses are normally distributed to members in proportion to business done with the cooperative.
Autonomy and Independence - Cooperatives are autonomous, self-help organisations controlled by their members.
Education, Training and Information - Cooperatives provide education and training for their members, elected representatives, managers, and employees so they can contribute effectively to the development of their cooperatives.
Cooperation between Cooperatives - at a local state, national and international level, to enhance the cooperative movement.
Concern for Community - While focusing on member needs, cooperatives work for the sustainable development of their communities through policies accepted by their members.
