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Cooperativism

 

   What is cooperativism?
Cooperativism is a socio-economic doctrine to enable communities and groups to share in achieving their common wellbeing. This sharing consists of continual, daily work in a spirit of collaboration and solidarity.
 
What are Cooperatives?
“Cooperatives that perform financial intermediation with the public receive funds in their passive accounts through legal instruments, whether from partners, third parties, or both, and may receive contributions to their asset accounts, in order to provide financial services as permitted by law."
 
Principles of Cooperativism
  • Open, voluntary membership
  • Democratic control by the partners
  • Economic participation by the partners
  • Autonomy and independence
  • Education, training and information
  • Cooperation among cooperatives
  • Commitment to the community

 

 

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