Principles of Cooperatives

Principles of cooperatives are guidelines that ensure they operate fairly and effectively. They include voluntary and open membership, meaning anyone can join; democratic control, where members have equal voting rights; economic participation, with members contributing and sharing benefits financially; autonomy and independence, maintaining control even if partnering with others; education and training, promoting informed participation; cooperation among cooperatives, working together for mutual benefit; and concern for community, supporting local development. These principles help cooperatives serve members' needs while fostering trust, fairness, and sustainable growth.