If a cooperative wishes to make money it must have some product or service (or products or services) to sell. The prospects for profit are limited if it sells only to its own membership; greater profit is available if it sells to the general public.
It depend on the amount you saving
Is Grameen Bank a cooperative? Why or Why not?
Yes, a cooperative typically enjoys limited liability, similar to other corporate structures. This means that the personal assets of its members are generally protected from the cooperative's debts and liabilities. Members' financial risk is usually limited to their investment in the cooperative. However, the specific legal provisions can vary based on jurisdiction and the cooperative's structure.
Cooperative banks are governed by the provisions of State Cooperative Societies Act and meant essentially for providing cheap credit to their members. it is an important source of rural credit in India.
Yes, a cooperative typically has limited liability, meaning that the personal assets of its members are protected from the cooperative's debts and liabilities. Members are usually only liable for the amount they have invested in the cooperative. This structure encourages participation while mitigating financial risk for individual members. However, the specific liability protections can vary based on the cooperative's legal structure and the jurisdiction in which it operates.
A cooperative works this way.
The Cooperative Bank in the UK offers money advice service to help you when budgeting, borrowing money, taking out a mortgage or opening a saving account.
It is owned by members who pay money.
It depend on the amount you saving
advantages: you can make much more money with two heads and then you can kill him off to double up. disadvantages: if you take to long to kill him he'll kill you first
Housing cooperative Building cooperative Retailers' cooperative Utility cooperative Worker cooperative Business and employment co-operative Social cooperative Consumers' cooperative Agricultural cooperative Cooperative banking (credit unions and cooperative savings banks) Federal or secondary cooperatives
Ok this is a society in a school which deals with the management (saving) of money - avinisaboss
The comparative is more cooperative, and most cooperative is the superlative.
The main benefit is that the members of a cooperative society are working together for a common goal. This could be to produce and sell a commodity, or to raise funds to build a community facility like a kindergarten or baby health centre. The members have a vested interest not only financially but morally. This solidarity usually keeps the project moving to a quick conclusion and establishes a sense of community.A cooperative society is a legal entity, with a formal set of rules. There are many types of cooperative societies. Shares are bought by members and each member has the right to vote to appoint directors and make policy decisions. There are regular meetings. If a member wishes to leave the cooperative, his or her share will be sold to a new member. The rules of the society will say whether the original share money is refunded.Check out en.wikipedia.org/wiki/Cooperative
cooperative society is a voluntary association of people for their common economic development. Types: consumer cooperative producers cooperative market cooperative credit cooperative framing cooperative
A cooperative is a business or organization owned and operated by its members for mutual benefit. Members pool resources and make decisions collectively, sharing in the profits or benefits of the cooperative. Cooperatives can exist in various sectors, such as agriculture, housing, or consumer goods.
true