Cooperatives FAQs

From a members’ perspective, what are the incentives to becoming a part of the co operative?

Members are also owners of the cooperatives and can be actively involved in its operations.

Can members run for a position on the co-op’s board?

Yes, they can.

Are there different interest groups that would be interested in being involved with the co-op?

Yes, there usually are.

Does the co-op provide a strong business case to attract investors?

Yes. With high dividends, easy access to loans and high interest rate on savings, it is an attractive venture.

Are Cooperatives an NGO?

No they are not NGOs, but they are businesses. They trade, but share equally and reinvest the profit.

Are cooperatives small organisations?

No, they can range from small entities owned by members to large banks owned by members and cooperatives.

Are cooperatives limited to certain sectors of the industry?

No, various economic sectors have cooperatives.