COOPERATIVE PRINCIPLE

The cooperative principles are a set of guidelines that govern the operations and values of cooperative organizations. Here is a detailed explanation of the seven cooperative principles:

1. Voluntary and Open Membership: Cooperatives are open to all individuals who are willing to contribute to and benefit from the cooperative’s activities. Membership is voluntary, without any form of discrimination.
2. Democratic Member Control: Cooperatives are democratic organizations where members have equal voting rights. Decisions are made collectively, following the principle of “one member, one vote,” ensuring that the organization operates in the best interests of its members.
3. Member Economic Participation: Members contribute equitably to the cooperative’s capital, either by purchasing shares or through other means. Surplus or profits generated by the cooperative are distributed in a manner that benefits the members, which may include dividends, patronage refunds, or investment in community development.
4. Autonomy and Independence: Cooperatives are autonomous, self-help organizations that are controlled by their members. They have the freedom to make decisions based on their members’ needs, without being influenced by external entities.
5. Education, Training, and Information: Cooperatives prioritize the education and training of their members, employees, and the community. They provide information and resources to ensure members can actively participate in the cooperative’s affairs and make informed decisions.
6. Cooperation Among Cooperatives: Cooperatives work together, forming networks and partnerships to strengthen the cooperative movement. By collaborating and sharing resources, they can achieve common goals more effectively and promote the cooperative principles on a broader scale.
7. Concern for Community: Cooperatives operate for the sustainable development of their communities. They actively contribute to the well-being of the community, supporting local initiatives and addressing social, economic, and environmental challenges.

These seven cooperative principles serve as a foundation for cooperative organizations worldwide, guiding their values, governance, and commitment to member empowerment and community development.