I realized that there is a good result of being a member of a cooperative. I joined a coop here, a private coop in our city and I am so thankful for my decision because every year, I receive a dividend. I also joined a cooperative at the university where I am working and in a private college where I was a part-time worker. I have been a member of these three cooperatives for two years now and I reinvested my dividends to let the money grow. I have now 4 passive income.
Are you a member of a cooperative?
- Thread starter Starmix
- Start date
Oh, that is great! I am not part of any cooperative. In fact, this is the first time I have heard about it. I will check if there are any cooperatives I can join here in the province.
- Thread starter
- #8
You can inquire FICCO, I think there are branches there. You will receive dividends yearly. You can file a loan for investment.
I am a member of a cooperative society . The good thing is that a cooperative society will act as a buffer when you are in financial crisis.
I am not a member of a cooperative but it can be very helpful with their soft loans to their members. My business is not organised enough in my location to have a cooperative.