Financial Cooperative Model

A Financial Cooperative Model is a member-owned organization where individuals pool their resources to provide financial services like savings, loans, and insurance. Members have a say in decision-making and share in the cooperative's profits or benefits. This model emphasizes mutual support, community development, and affordable financial services, often serving those who may not have easy access to traditional banking. It operates democratically, with each member having equal voting rights, fostering trust and collective responsibility among members.