The statment on Cooperative

Identity states that a cooperative is an “autonomous association of persons united voluntarily to meet their common economic, social and cultural needs and aspirations through a jointly owned and democratically-controlled enterprise.” It always aims at developing the spirit of cooperation among the members. Every member of the society is required to act for the maximum benefit to other .

Cooperation among Cooperatives ... Cooperatives serve their members most effectively and strengthen the cooperative movement by working together through local,

Cooperatives are businesses owned by “member-owners”. Co-ops are democratically controlled by their member-owners, and unlike a traditional business each member gets a voice in how the business is run. Services or goods provided by the co-op benefit and serve the member owners. Contrary to popular belief coops are not non-profits, and do aim earn profits. Earnings generated by the cooperative benefit the member-owners.

 

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ABOUT BENEFITS

 

The way co-ops operate is much closer to a traditional business than a non-profit. However, the ways in which co-ops differ from traditional businesses can be seen in the 7 Cooperative Principles. These principles are:

1. Voluntary and Open Membership
2. Democratic Member Control
3. Member's Economic Participation
4. Autonomy and Independence
5. Education, Training, and Information
6. Cooperation Among Cooperatives
7. Concern for Community

Could you answer ? "There are a number of significant differences between organizing on a for-profit vs. nonprofit basis. For a cooperative, amongst the most important questions for a co-op board to consider is “what is the purpose of our cooperative?” and “who is our organization set up to benefit?” Our COOPERATIVE consider profit is a benefit for the mebers involved in a pfroject and for the members sutaining the COOP.