Unlike Banks Cooperatives Ensures Annual Dividends, Low Interest Borrowing Rates

Members of a cooperative can borrow funds from the cooperative at a flat rate of 10 per cent which is much better than going to the bank.Some other time they were sharing their dividends at the end of the financial year, some members make some cool cash. If a cooperative is stable rather than leave my money in the bank to yield nothing at the end of the year, I might as well leave them with a cooperative, buy shares, save and get payback at the end of the year.

There are similar arrangement for land, which the older members of the cooperative benefitted from, and for which they are working for new members yet to benefit. Rather than borrowing from the bank to at high interest rates to offset school fees, cooperative enables members pay 10 per cent flat interest to take the loan they want and pay back. There are also dividends for the shares you buy.

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