A cooperative is a bussines owned and controlled by the people who uses its services. They finance and operates the bussiness or service for their mutual benefits. Bt working together they can reach an objective that will be unattainable if acting alone.

The Purpose of the cooperative is to provides greater benefits to the members such as increasing individuals income or enhancing a members way of living by providing important needed services. The cooperative, for instance may be the vehicle to obtaining improved markets or providing sources of supplies or other services otherwise unavailable if members acted alone.

DINSTINCTIVE FEATURES : In many respects, cooperative resembles other bussiness. They have similar physical facilities, perform similar functions and must follow sound bussiness practice.

They are usually incorporated under state laws and require bye laws amd other neccesary legal papers. Members elect a board of directors or Executives to represent their interests. The board set policy and hires a manager to rins its cooperative's day to day bussiness

Even though cooperatives are similar to many other bussiness, they are dinstinctively different. Some differences are found in the cooperative purpose, ownership, control and distribution of benefits. Cooperative follows three principle that define or identify their distinctive characteristics. User owned, User controlled and User Benefitted

A. The user owned principle means the people who owns and finance the cooperative are those who use it. "use" usually means buying, supplying, marketing products or using services of the cooperative bussiness.

Members finance the cooperative through different method. 1. By a direct contribution through a membership fee or purchase of shares or stocks. 2. By agreeing to withdraw a portion of net earnings (profit) 3. By assessments based on units of products sold or purchased. For instance a tomato grower will be assess a fee of N10 for every box marketed through the cooperative. These assessments generally refered to as per units retains help finance the cooperative operations

The user controlled principled says those who use the cooperative also control it by electing a board of directors/ executives and voting on major organisational issues. This is usually done on a one member. One vote basis. Although some cooperatives may use proportional voting based on the use of the cooperatives

The user benefitted principle says that the cooperative's sole purpose is to provide and distributes benefits to members on the basis of their use. Members unite in the cooperative to receive services otherwise not available to purchase . Quality supplies, to increase market access or for other mutual benefitted reasons

Members also benefitted from distribution of net earnings or profit based on the individual bussiness volume with the cooperative.

ENTREPRENEUR YOUTH MULTIPURPOSE COOPERATIVE -:

This is to inform all members of EYMC that there is going to be Nomination/Election at the next meeting on 12th July 2014

Members are encouraged to be available as every decision will be binding on all

The following posts have been declared vacant

President, Vice-president, General Secretary, Assistant Secretary, Treasurer, Financial secretary and Ex officio

Qualifying Criteria

*Must be a registered member

*must have paid the minimum shares, monthly dues and Monthly saving from the day of registration till date.

Thanks for your cooperation

Election Committee

Mr Ogunyomi Adedeji

What of avenues to wealth coop

One of the best business to invest in or start up is Resturant ,or bar business.
It is estimated dat d average spending of Lagosians on merriment alone is 10billion.

If u are interested in investing or partnering. In (expansion) of an establish resturant business kindly holla.

Biz detals: Resturant,Bar and Grilling piont (BBQfish,chicken,asun and sharwama) all within a very busy shopping complex.
Location: Lagos Nigeria.

Minimum investment: 200k

Return on investment (ROI): 5% permonth( negociable),invested sum is 100% refundable anytime from 3months.

Gurranty : ROI is100% guarranteed with fixed assest.

Contact: kenny- 08022574225,08089640839.

joyceok: What of avenues to wealth coop

Sorry no idea on avenues to wealth coopw

The Entrepreneur Youth Cooperative meeting will be coming up on Saturday 12th July 2014 at Block J Plot 9 Bola Ajibola Street Abeokuta Ogun State. Time 10 am. The no to call is 08064688501. Election will be holding on that day. Thank you

The sellers of Vegetables like Tomato, Ata rodo, Tatase, Sombo usually buys from the popular mile 12 market in Lagos. Most of their location are far from the market.
The women will gladly buy from other source that will reduce the cost of transportation and at a better price.
We need individuals that will get in touch with the Vegetable sellers in their environment.
Lets say you discuss with 50 pepper sellers that each buys 3 small basket of tomatoes.
The total need for the group will be 150 basket.
We will supply the 150 basket to your doorstep on the agreed day
The women each come with their basket pick since they have been informed.
We pay you 10% of the transaction on each basket.
Lets assume a basket is sold for N1000. 10% of 1000 gives 100.
For 150 basket your commission will be 15000
One can start with N100 basket.

We supply as you demand.
Be your own boss.
Lets create job

Be your own boss.

The entrepreneur Youth cooperative meeting will be coming up on the 13th of September 2014 in Abeokuta Ogun State.

3rd EU Nigerian Business forum will be coming up on the 22nd to 23rd of September 2014. please visit www.eunbf.eu to register

For more information, visit our facebook page on www.facebook.com/entrepreneuryouthmultipurposcooperative. Thank you

Entrepreneur Youth Cooperative Multipurpose Society meeting will be holding tomorrow at Abeokuta. Venue Block J Plot 9 Bola Ajibola Street opposite Egba Comprehensive High School Asero. Time 10am. www.facebook.com/entrepreneuryouthmultipurposecooperative.

Happy Eid mubarak to our brothers and sisters. May all our dreams and aspirations be fulfilled