Understanding Co-operative

applying THE CO-OPERATIVE FORMULA

 

Most people have been made to totter about and waste their precious time and effort by some wolves in sheep’s clothing, just because they don’t understand the actual process of going about what they intends to do. This is neither strange nor funny as persons from almost every aspect of life fall victim to this trait.

For the benefit of what we are actually discussing about in this book, which is “STEPS TO SETTING UP CO-OPERATIVE SOCIETIES” this book will not just help those intending to set up co-operatives alone, rather, it will add to the knowledge of running a co-operative group that you already know.

Most of the information’s you will find here might be what you already know, but if you remind yourselves of it and act on it, you will see the true benefit you obtain as a co-operator. To start up the TRIP, lets consider the words used in the co-operative society BYE-LAWS.

1.1a.   About ten individuals who know and trust themselves and have a common goal or pursuit are expected to come together, to discuss ways they hope to excel in their various businesses. After conducting with themselves and seeing the possibilities of their succeeding if they work together, they are expected to make their intention known to the Co-operative officer in charge of where they operate from.

1.1b.   The Co-operative officer is expected to visit them during one of their meetings. Whether they are pre-informed or not. As this unscheduled visit by the officer will display the authenticity of the existence of such group. In the visit, the officer is likely to educate them on the primary guidelines of setting up a co-operative society, what a co-operative society is, how a co-operative society is expected to function and etc.

1.1c.   The requirements to setting up a reputable co-operative society are made known to them. The reason of thrift payment by co-operator is decisively explained to them in detail. The need not to be in a hurry in running a co-operative society is brought bare before them.

1.1d.   The co-operators will be then expected to start some savings which they will use to register the co-operative after which on routinely, the officer visits them and check their various record books to make sure they are acquainted with the understanding of book keeping and how to record them.

1.1e.   During several visit by the officer in charge, who is certain that they have gradually saved enough money to register the group and being very sure that after the registration that the co-operative group will still have some money left, he then advice them to write an application to register the co-operative which he/she will attest to that he is recommending them for registration. To Read More, CLICK HERE