Money making by cooperative societies

[rubesh]

Cooperative societies create money by pooling its members' resources and reinvesting any gains back into the organization.Typically, these revenues are made via the selling of goods and services such as food, electricity, and insurance.Profits are subsequently used for the benefit of society's members, such as enhancing services and facilities or lowering expenses.


Cooperative societies can also raise cash from outside investors such as banks or other lending organizations, in addition to capital from its members.This capital is also used to fund the society's activities, and any gains are distributed among members in line with the society's regulations.


Furthermore, cooperative groups may issue shares that may be purchased and sold on the stock exchange.Members can profit from both the possible growth in the value of their shares and any dividend payments.


Finally, cooperative societies may get government or other organization grants and subsidies.This money can be utilized to finance projects or activities that will benefit society's members.


Overall, cooperative groups can earn financially in a number of ways, including the selling of goods and services.

 

[hastral45]

Before banking system came into existence, our early men engaged in cooperative activities in order to assist one another. It was through this system, investment business was developed.

 

[IB D]

Cooperative societies are good avenues to save your money and also request for it at a given time. And they also render financial help to their members.

 

[Bisolami]

Cooperative societies create money by pooling its members' resources and reinvesting any gains back into the organization.Typically, these revenues are made via the selling of goods and services such as food, electricity, and insurance.Profits are subsequently used for the benefit of society's members, such as enhancing services and facilities or lowering expenses.


Cooperative societies can also raise cash from outside investors such as banks or other lending organizations, in addition to capital from its members.This capital is also used to fund the society's activities, and any gains are distributed among members in line with the society's regulations.


Furthermore, cooperative groups may issue shares that may be purchased and sold on the stock exchange.Members can profit from both the possible growth in the value of their shares and any dividend payments.


Finally, cooperative societies may get government or other organization grants and subsidies.This money can be utilized to finance projects or activities that will benefit society's members.


Overall, cooperative groups can earn financially in a number of ways, including the selling of goods and services.

You are right and cooperative societies may be very helpful whenever someone is down and needs money for something important

 

[flower]

You are right and cooperative societies may be very helpful whenever someone is down and needs money for something important

Coperative society is one of the best society to receive loans just like what you mentioned because they would come to your rescue whenever you needed money so badly and the interest are very low.

 

[Reedex]

You are right and cooperative societies may be very helpful whenever someone is down and needs money for something important

I am a member of such a society and it is very glaring that they have a minimum interest rate which is one of the advantages they had over other loan sharks that has a very humongous interest rate

 

[Starmix]

There is money-making in a cooperative. I am a member of a cooperative and every year I received my dividend with high returns. Coops earn thru its members. There are many services a cooperative can offer to members.

 

[Bisolami]

Coperative society is one of the best society to receive loans just like what you mentioned because they would come to your rescue whenever you needed money so badly and the interest are very low.

And this is why a lot of people join so that they can come to their aid whenever they need them.

 

[flower]

Cooperative is a very creative society and if you understand the intricacies of this society you are really going to make profit from it because I know a record number of them.

 

[cherry123]

We have different cooperative societies here In my locality you just have to find the one that is great for you to join . You would enjoy all the benefits that come with it

 

[Heatman]

Before banking system came into existence, our early men engaged in cooperative activities in order to assist one another. It was through this system, investment business was developed.

Isusu is what we actually call it down where where someone will have to set up a cooperative where he runs a personal savings for people who cannot be able to go to their banks everyday to deposit their money and charge a percentage for rendering the services.

 

[uptrendfinancialsignal]

We have different cooperative societies here In my locality you just have to find the one that is great for you to join . You would enjoy all the benefits that come with it

The well-organised cooperative society have lots of benefits and it is worth joining.

 

[relcap23]

I believe in cooperatives. Last weekend I got my dividend from my small investment and also some patronage share because I patronize the products of the cooperative.

 

[Carson20t]

I really enjoy your topic. There are many advantages to joining a corporation, given that there are excellent mechanisms in place that encourage openness and collaboration when making crucial decisions.
A single investor will ultimately benefit from this initiative to collect funds and multiply them into a single large enterprise.

 

[Shavkat]

In my city, the cooperative was the one who created a concrete plan and produced the mini-buses that are circulating here now. At some point, the locals are enjoying the usage of these mini-buses.

 

[Heatman]

I believe in cooperatives. Last weekend I got my dividend from my small investment and also some patronage share because I patronize the products of the cooperative.

As long as people that are in a particular cooperative are honest and truthful when it comes to making their own donation when they are supposed to, it is something that is going to last for a very long time.

 

[Niyi Briggs]

It is a very good way of pooling money together to help people. Now, this is the kind of loan one can take to start business. Their interest is low. And they have the interest of the members.

 

[eldavis]

I remember back in the days, people usually relied on cooperative societies in terms of getting money. These days they might not be as popular as they use to be but they are still pretty much active.

 

[Starmix]

This time the cooperatives are part of a particular business or office. I cannot anymore see here cooperative societies. Perhaps there were fewer turnovers or people did t pay their obligations.