Categories of cooperatives society

Outline three categories of cooperative societies

Categories of cooperatives society

  • Agricultural marketing societies: Their functions are to collect, process, and store and save members produce.
  • Savings & credit cooperative: Main purpose is to mobilize savings 86 channels them to individual members as loan for specific development profits at affordable rates of interest.
  • Insurance cooperatives: They have the profit of developing 7 providing insurance services based on the cooperative principle.
  • Transport cooperatives: Involved in purchasing vehicles & using them for public transport or for hiring or leasing.
  • Housing cooperatives: They buy & develop houses for the members or sell houses to members at lower prices.

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