answersLogoWhite

0

What is the importance of co-operatives?

Updated: 9/17/2019
User Avatar

Wiki User

11y ago

Best Answer

Cooperation leads to productivity, "team morale", and a generally good working atmosphere. Cooperation is a necessity of world peace. Cooperation is our aim in our lives, to help others achieve things not only for peace but for the advancement of human society. Cooperation comes firstly from within ourselves. In order for it to work you must devote a large part of yourself - without greed and jealousy - to fullfilling work which aims to help the world. To achieve something if you are part of a team, of any kind we need to cooperate so that we achieve what we are trying to do. If we don't talk to each other (one message doesn't go where it's intended, for example), and you want to tell someone somethinng, it doesn,'t get done, does it? If people do do what they say they will do then it gets done. If someone expects you to do something and you don't, it could result in confusions in other people's minds, possibly, I don't know if you have observed this or not of course, but have a look and see if it makes sense to you.

User Avatar

Wiki User

16y ago
This answer is:
User Avatar
More answers
User Avatar

Wiki User

12y ago

1.Savings are mobilised locally and returned to members in the form of loans.

2.Interest rates given by saccos are generally better than the rates given by banks.

3.Saccos encourage members to save,essential for economic empowerment.

4.Loans are insured.Upon the death of a member the estate will not have to repay any loans outstanding to the sacco.

This answer is:
User Avatar

Add your answer:

Earn +20 pts
Q: What is the importance of co-operatives?
Write your answer...
Submit
Still have questions?
magnify glass
imp
Related questions

When was Rural Cooperatives created?

Rural Cooperatives was created in 1934.


Who is the Minister for Cooperatives for Burma?

Kyaw Hsan is the Minister for Cooperatives for Burma.


What are the importance of cooperative?

Cooperatives promote democratic control, equitable participation, and shared benefits among their members. They provide opportunities for collective bargaining power, economic empowerment, and community development. By prioritizing people over profits, cooperatives support sustainable business practices and social responsibility.


When was United Workers Cooperatives created?

United Workers Cooperatives was created in 1926.


When was Green Worker Cooperatives created?

Green Worker Cooperatives was created in 2004.


How many farmer cooperatives were there in 1900?

By 1900 there were approximately 1,000 farmer cooperatives


What is the difference between corporation and cooperatives?

a corperation is a business and cooperatives people who volenteer


Which markets do consumer cooperatives operate?

Consumer cooperatives operate in the markets called Ben you tramp!


When was New Zealand Cooperatives Association created?

New Zealand Cooperatives Association was created in 1984.


What are characteristics of cooperatives?

In cooperatives, the parties cooperate so that they can pull resources and know how towards a certain mutual end. There are cooperatives that unite people who grow and market a certain agricultural product.


What is the Advantages of the cooperatives?

0000000


When was United States Federation of Worker Cooperatives created?

United States Federation of Worker Cooperatives was created in 2004.