A farm, business, or other organization that is owned and run jointly by its members, who share the profits or benefits.
7 Cooperative Principles:
1. Voluntary, Open Membership
Open to all without gender, social, racial, political or religious discrimination.
2. Democratic Member Control
One member, one vote.
3. Member Economic Participation
Members contribute equitably to, and democratically control, the capital of the cooperative. The economic benefits of a cooperative operation are returned to the members, reinvested in the co-op, or used to provide member services.
4. Autonomy and Independence
Cooperatives are autonomous, self-help organizations controlled by their members.
5. Education, Training and Information
Cooperatives provide education and training for members so they can contribute effectively to the development of their cooperatives. They inform the general public about the nature and benefits of cooperation.
6. Cooperation Among Cooperatives
Cooperatives serve their members most effectively and strengthen the cooperative movement by working together through local, regional, national and international structures.
7. Concern for Community
Cooperatives work for the sustainable development of their communities through policies approved by their members.
- Social Responsibility
- Caring for Others