Chapter-1 Introduction
Background of the study
A co-operative is an organization whose primary functions are concerntrated with collection of idle money from general public and providing loan to small business and individuals for expenditure.In other words, cooprative are the important financial instititutions in the local economic and needs. Normally co-opratives finance collects money from customer to saving their a small part of money.A small parts os money collecter and they can be invest different sectors such as small business, agriculture's product for which it changes certain percentage of interest.The interest is higer than interest paid by the coopratives to collected fund.Generally the interest rate of collection of fund of cooperative higer than bank because this is more risky than bank.The cooperative orgnization income from their difference in pays interest and receives interest.
Cooperative is an autonomous association of person united voluntarily to meet their common economic,social and cultural needs and aspirations through a jointly owned and democratically controlled enterprise
Cooperatives are based on the values of self-help,self-responcsibility,democracy,equallity,equity and socidarity.In the tradition of their founder,cooperative member belive in ethical value of honesty,openness,social responsibility and caring for other.Co-operatives are business owned and run by and for their members.whether the mambers are the customers,employees or residents they have an equal say in what the business does and a share in profits.Ad business driven by values not just profit, cooperative s shares internationally agreed principle snd act together to build a better world through cooperation successful cooperatives arround the world are allowing people to work together to create sustainable enterprises that generate jobs and prosperity and provide answers to poverty and short term business practies
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Background of the study
A co-operative is an organization whose primary functions are concerntrated with collection of idle money from general public and providing loan to small business and individuals for expenditure.In other words, cooprative are the important financial instititutions in the local economic and needs. Normally co-opratives finance collects money from customer to saving their a small part of money.A small parts os money collecter and they can be invest different sectors such as small business, agriculture's product for which it changes certain percentage of interest.The interest is higer than interest paid by the coopratives to collected fund.Generally the interest rate of collection of fund of cooperative higer than bank because this is more risky than bank.The cooperative orgnization income from their difference in pays interest and receives interest.
Cooperative is an autonomous association of person united voluntarily to meet their common economic,social and cultural needs and aspirations through a jointly owned and democratically controlled enterprise
Cooperatives are based on the values of self-help,self-responcsibility,democracy,equallity,equity and socidarity.In the tradition of their founder,cooperative member belive in ethical value of honesty,openness,social responsibility and caring for other.Co-operatives are business owned and run by and for their members.whether the mambers are the customers,employees or residents they have an equal say in what the business does and a share in profits.Ad business driven by values not just profit, cooperative s shares internationally agreed principle snd act together to build a better world through cooperation successful cooperatives arround the world are allowing people to work together to create sustainable enterprises that generate jobs and prosperity and provide answers to poverty and short term business practies
page 1
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