“A cooperative is an autonomous association of persons united voluntarily to meet their common economic, social, and cultural needs and aspirations through a jointly-owned and democratically-controlled enterprise, according to internationally recognized co-operative values and principles”.
What makes a co-operative different from a conventional business is:
- It fulfils a social or environmental objective, or is formed to fulfil its members needs.
- Its democratic ownership and control.
- Its way of working.
- Its legal structure.
If you want to set up a co-operative, you should seek Professional advice from RCA, NCCR or a co-operative development body if there is one in your area.