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Cooperative Society State Level And Federal Level by nennin(m): 11:54am On Mar 25, 2015 |
please general house permit me to say this we all know that we are not in the same state. so what i want every body to do is this, state what you produce and where your farm is located and your current city so that when organizing meeting you know people who will attend and people who will not attend according to their place of interest. another thing is we will need to register as a cooperative society according to the number of persons in each state, and general cooperative society meaning we are going to have 2 category of society state level and federal level so that member who are not financially independent can easily have access for loan. and also each state will have a particular product to produce in commercial quantities at any given point in time. thanks for your cooperations and understanting. |
Re: Cooperative Society State Level And Federal Level by nennin(m): 12:01pm On Mar 25, 2015 |
FORMS OF BUSINESS ORGANIZATIONS – CO- OPERATIVE ENTERPRISE A Co-operative enterprise is formed, owned and democratically controlled by a group of individuals, organizations or workers, who voluntarily pool their resources together and invest them in business for their benefit. TYPES OF CO-OPERATIVE ENTERPRISES There are several types of Co-operative enterprises, but at this level we will consider the Producers’ Cooperative and the Consumers’ Cooperative . 1. The Producers’ Cooperative The Producers’ Co-operative can also be called the Farmer’s Cooperative Society . It is formed, owned and run by farmers who themselves are the producers. The society encourages its members to combine and produce their goods so as to enjoy the benefits of large scale production. This is because together, they can achieve more than when they produce individually. The goods produced are sold, and the profits generated are shared among the members. 2. The Consumers’ Cooperative The Consumers’ Co-operative is formed, owned and run by individuals who pool financial resources together to buy consumer goods in bulk at lower rates from producers. Because they deal directly with the producers, they buy at lower prices since they do not require the services of middlemen (i.e. retailers and wholesalers) who would have charged them higher prices. SOURCES OF CAPITAL TO THE CO- OPERATIVE ENTERPRISE Capital is usually raised through the contributions of members who pool resources together. Other sources may include: 1. Loans from financial institutions such as banks. 2. Subsidies may be granted by the government. 3. Retained earnings of the cooperative. ADVANTAGES OF THE CO-OPERATIVE ENTERPRISE 1. Membership is voluntary. 2. Members are committed to the business because they own the business and pool resources together. 3. Members achieve more since they run the business as a group and not individually. For the producers, they enjoy the benefits of large scale production; while for the consumers, they buy in bulk at cheaper rates. 4. Members have the advantage of receiving financial assistance from the government through the cooperative. 5. The cooperative is democratically controlled. Members have one vote each, which means that all members have equal rights in making decisions that concern the business. 6. There is less disagreement between management and workers. This is because the business is managed by elected persons who are themselves owners who also want the best for the business. 7. The cooperative can loan out money to its members at lower rates. DISADVANTAGES OF THE CO-OPERATIVE ENTERPRISE 1. Members who are elected to manage the business may not have the right business knowledge, skills and abilities to manage the business effectively. They may have been elected based on their popularity. As such, the business may not enjoy as much benefits nor make the profits it would have made if properly managed. 2. The cooperative business requires huge money to grow and expand, but most of its members are peasant farmers and the ‘struggling to survive’ masses who do not have that much money. 3. Most of the members who receive loan from the cooperative, find it difficult to pay back the loans. In some cases, such members begin to avoid attending the cooperative’s meetings and become inactive. 4. Many of the members are illiterate (i.e. they cannot read and write). As a result, they feel cheated whenever businesses are transacted and documents are presented since they cannot read to understand the terms of the contract themselves before accepting. 1 Like |
Re: Cooperative Society State Level And Federal Level by babaolope: 11:10pm On Mar 25, 2015 |
i'm interested pls details me here: olope2015@yahoo.com |
Re: Cooperative Society State Level And Federal Level by nennin(m): 6:35am On Mar 26, 2015 |
e.g i am into cassava maize , vegetable etc. farm location aba abia state. |
Re: Cooperative Society State Level And Federal Level by emmyz09(m): 8:14am On Mar 27, 2015 |
am into Vegetables onion, tomato, cabbage farming am located at Katsina . |
Re: Cooperative Society State Level And Federal Level by phillings247: 10:37pm On Oct 29, 2015 |
im interested contact me at:tatloservices247@yahoo.com |
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