Bara Mohmand Housing Society

THE BARA MOHMAND COOPERATIVE DEVELOPMET SOCIETY.

INTRODUCTION:-

                                   It is a secondary level Cooperative Society which was Registered  on 1-4-1958. The membership of the Society is 447 presently, with share capital Rs.68650/= and working capital Rs.5873992/=.

OBJECTIVES:-

                          The Society came into being with the main objective of selling  agriculture produces of its members on commission with the aim to give better price from the market comparatively.

                               The Society gained a lot from its own resources (commission) and purchased a piece of land 8 1/2Marla in the old vegetable market. The then managing committee of the Society in early Eighties approached the Governor of the province and got subsidy of RS.600,000/= for the Society and built a commercial building with the help of that subsidy which is now a major source of income of the Society.

MANAGEMENT:-

                               The affair of the Society are managed by the managing committee including President, Voice President, General Secretary, joint Secretary, 13 Executive members and supervised by an Inspector level official of Cooperative Department known as Manager of the Society. General body is the Supreme Authority composed of delegates representing member Societies.

AIMS:-

   1.The major aim of the Society is to fulfill the Social and economic needs of its members as maximum as possible.

    2.To give short term loan to its members for their agriculture needs.

3.To provide agriculture inputs to its members.

4.To provide sufficient funds for the education of  its members children.

5.To educate its member on the principle of cooperation of self help basis.

FINANCIAL SOURCES:-

                      With the shift of fruit and vegetable market to new Sabzi Mandi  Inqilab Road, rental income of Rs 134,392/= per month from its building and court yard is the only financial source. The Society having total sum of Rs.4632747/= in its bank account and in term deposit certificates. Bank Statement is attached.

PROBLEMS.

                       As the business of the Society is adversely effected with the shift of the fruit and vegetable market to new Sabzi Mandi Inqilab Road the managing committee has tried and still trying to get shop in the new Sabzi Mandi, though still no success but hopeful.