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7<br />

Principles of Cooperative<br />

Voluntary and Open Membership<br />

Cooperatives are voluntary in nature and are open to all the people who are able to<br />

enjoy its services and willing to accept the responsibilities and obligations attached<br />

upon membership, without any discrimination to gender, social status, race, politics, and<br />

religion.<br />

Democratic Member Control<br />

Cooperatives are democratically controlled by their members who are actively<br />

participate in formulation and setting of their policies, decision making, patronizing<br />

goods, and usage of the services in their cooperative.<br />

Member's Economic Participation<br />

All members have an obligation to participate in contributing equally for the capital of the<br />

cooperative and control the usage of it democratically. This will benefit all members<br />

proportionally to the business they are engaged.<br />

Autonomy and Independence<br />

Cooperatives are autonomous in manner that they have the power to govern<br />

themselves. Hence, free from external control.<br />

Education, Training, and Information<br />

Cooperatives provide education and timely training for members, coordinators,<br />

employees, and managers for them to effectively contribute for the development of their<br />

cooperative.<br />

Cooperation among Cooperatives<br />

Cooperatives can effectively serve their members to the fullest and solidify the<br />

cooperative movement by working together though local, national, regional, and<br />

international structure.<br />

Concern for Community<br />

While maintain the focus on member needs, cooperatives are committed to work for the<br />

sustainable development of communities through policies and programs which are<br />

acceptable to all members.<br />

2

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