Cooperatives
• Main purpose is to provide service to members and communities; • Union of persons; • Shares are held in the members only and not traded for speculation; • Surplus is distributed to members in proportion to patronage. • Control is democratic; and • Ownership is in the hands of members. • TAX FREE! Getting the best value on your deposit; • Supports the financial goals of the members by providing loans for productive purposes; • NOT merely economic instruments concerned with dividends and related economic and financial returns. They are the mechanisms of change for total human development; • Engage in businesses with social responsibility.
Other Institutions
• Main purpose is to make profit for investors; • Union of capital; • Shares may be freely traded and fluctuate in value; • Surplus is allocated in proportion to voting shares owned; • Control is based on the number of voting shares held; and • Ownership is in the hands of investors from other community, province or country.