Membership in a cooperative should be voluntary and available to all individuals regardless of their social, political, racial or religious background or beliefs. Likewise no cooperative shall be forced to accept applicants who do not meet the minimum qualifications for cooperative membership.
Cooperatives are democratic organizations. Their affairs shall be in a manner agreed upon by the members. Members of primary cooperatives shall have equal voting rights on a one-member-one vote principle regardless of the amount of capital contribution of a member. Another policy that is the policy of non-proxy voting. The right to vote is non-transferable.
This is done to prevent unscrupulous individuals or groups from manipulating the activities and supervision of the whole organization. These policeis are very important to ensure that a cooperative remains firmly in the hands of the membership and a consequence advance the cause of democracy.
vShare capital shall receive a strictly limited rate of interest in the return for using the members' share capital. The rate of the interest is limited because the fundamental role of a cooperative is to serve and not to profit in a strictly capitalist sense.
Net surplus arising out of operation of a cooperative belongs to its members and shall be equitably distributed for cooperative development, common services, indivisible reserve fund and for limited interest on capital and/or patronage refund.
All cooperatives shall make provision for the education of their members, officers and employees and of the general public-based on the principles of cooperation. One of the keys to the success of a cooperative is the continuing education and training of its officer sheet and membership.
All cooperatives, in order to best serve the interest of their members and communities, shall actively cooperate with other cooperatives at local, national, international levels. This effort will also strengthen the cooperative movement as an instrumnet for bringing about a better world.
The members invest in the cooperative not to generate profit but to address their needs. An ordinarily business aims to earn, as much as profit as possible, but this is not true with cooperatives. A person will not join a cooperative if he/she do not need its services.
The cooperative is not a charitable organization. Although is renders certain services to its members, they (the members) know that these services are not rendered out charity - that every benefit they get from the cooperative is a fruit of their cooperative. The motto of cooperative members therefore, is: "The cooperative is not for profit, nor is it for charity, but for service."
The cooerative is not a business that is only interested in money or profit. Most of all, the cooperative is for people- for the total upliftment of progress of people. It gives importance to all aspects of human life: economic, social, political, cultural and spiritual.
The cooperative participates in important community activities.It does not only aim to develop good members but also good citizens as well. The cooperative helps in increasing productiona and the income of its membes and in this manner it also help in the progress of the whole community.
The cooperative's capital should come from its members. If the capital does not come from them, it can not be said that the cooperative belongs to its members. If they do not truly own the cooperative then there will be other parties that can meddle in the administration. Under this conditiion, it will be very difficult for the members to safeguard their collected interest. It is but proper for the members to truly own the cooperative and they should also be the ones to control its affairs.
Services: Lending | Canteen | Catering
Introduction | Vision, Mission and Goals | Policies | Guiding Principles