There are numerous reasons why people decide to join a cooperative. From searching for more value for money to looking for a community of like-minded individuals to help tackle specific needs, the reasons always centre around solving problems. This article gives you solid reasons for joining one and how it can help you develop financially and as a person.
A cooperative society is an organization which is owned and run jointly by its members, who share the profits or benefits. They are formed mainly to tackle a particular need and of course, to make a profit.

TYPES OF COOPERATIVE SOCIETIES.
*Credit Cooperative Society
*Farmers Cooperative Society
*Cooperative Housing Society
*Producer Cooperative Society
*Consumer Cooperative Society

IMPORTANCE OF A COOPERATIVE SOCIETY
*They Solve Community Needs.
"They Promote Collaborative Entrepreneurship.
*They Help in Creating as they make fund easily accessible.
*They Help Build Peaceful Society.

BENEFITS YOU ENJOY WHEN YOU JOIN A COOPERATIVE SOCIETY
The good thing about a cooperative society is its benefits. These benefits are not only for its members but also for the people of the community. Below are the benefits of a cooperative society that you get to enjoy when you join one;
*Creating Decent Jobs For Individuals.
*Empowering Members financially and otherwise.
*Building Local Enterprise And Profit.

SOMETHING MORE...
Thrift (Ajo or Esusu) As Alternative Access To Capital For The People.

What is the “AJO” system about? It involves a group of people who know and trust each other, and take turns in pooling a certain quantum of savings to each participating member on a monthly basis, till the cycle is completed and all members have collected a similar amount of savings.

Theoretically by design, Ajo is the best method for raising funds and making wealth. But practically in our modern day Nigeria, Ajo imposed some weaknesses. Sometimes, members default in contributions (especially when they have collected money) so that others can collect. Secondly, members continue to contribute money weekly or monthly as the case may be.

ANOTHER DIMENSION...
Use of digital, self served, autonomous, artificial intelligence controlled Thrift management system.

This system is a great improvement in Ajo model, employing the best part of it and working on its weaknesses.

This took Ajo off physical realm and place it in cyber space making it self served, removing the idea of people coming together physically to do Ajo, to contribute money weekly or monthly for one person in the group to collect all at a time.

Now, one can, with his smart phone, from the comfort of his remote location do Ajo with the pool of online community users.

More features of this :-
You don't have to contribute money weekly or monthly, you pay once, and start receiving fund from day one till the cycle is completed.

All contributed fund is not given to one person at a time, it is evenly distributed to all.

It gives room for one to have surplus balance per Thrift cycle.

There is no time bound, it can be done any time, any day, any where.

This is a modern way to solve problem of lack of funds.
Try it out.

Download Echelon GT from play store, and get started.