Co-operative Societies II

Commerce SSS2 First Term

WEEK 3

Co-operative Societies II

Performance Objectives

The student should be able to:

        1. Describe the various types of cooperative societies.

 Content

Types of Co-operative Societies

1. Consumer Co-operative: Consumers co-operative society is owned and operated by a group of ultimate consumers who pool their resources together to purchase goods and services in large quantities and distribute them mainly to its members. The operating policies used are open membership, democratic control, limited interest paid on capital invested, proportionate dividend based on their level of purchases or patronage.

2.  Producer Co-operatives: Producers co-operative society is formed by producers of similar products who organise co-operative production and undertake joint marketing of their products on a wholesale or…