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What is ‘Cooperation’?

According to economic historian, Charles Guide "Cooperation is self-help and each for all (mutual-aid)". Self-help means the pride of supplying one's own needs by one's own resources, of being one's own merchant banker, money lender and employer. "Each for all", means to seek liberation, not only for oneself but for and through others”. The International Cooperative Alliance (ICA), at its Manchester Congress held in September, 1995 adopted a Statement on Cooperative Identity. The Statement included the definition of Cooperatives, a list of "Cooperative Values and a set of "Cooperative Principles”. According to ICA, "a cooperative is an autonomous association of persons united voluntarily to meet their common, economic, social and cultural/needs and aspirations through a jointly owned and democratically -controlled enterprise".

What are the principles of Cooperation?

Cooperative Principles are guidelines by which cooperatives put their values into practice.
The Cooperative principles are:
(1) Voluntary and open membership
(2) Democratic member Control
(3) Member economic participation
(4) Autonomy and Independence
(5) Education, Training and Information
(6) Cooperation among Cooperatives
(7) Concern for community.

What are some of the cooperative societies in Khyber Pakhtunkhwa

The most common types of cooperatives in Khyber Pakhtunkhwa are:

•    Housing cooperatives
•    Consumer cooperatives
•    Transport cooperatives
•    Marketing cooperatives
•    Horticulture cooperatives
•    Handicraft cooperatives
•    Industrial cooperatives
•    Multi-purpose cooperatives

Who is eligible to be a member of a cooperative society?

To join a cooperative society, you must fulfill the following conditions:
•    Be 18 years and above
•    Have a common bond with other members of the cooperative society
•    Be of good character
•    Be of sound mind
•    Agree to abide by the Cooperative Societies Act, Rules and By-laws of respective cooperative society

it possible to lose your cooperative society membership?

Membership may be lost in the event of:
•    Expulsion in accordance to your cooperative society’s by-laws
•    Death
•    Unsound mind
•    Voluntary withdrawal or resignation from your cooperative society
•    Collapse or dissolution of your cooperative society

What are some of the rights of cooperative society members?

As a member of a cooperative society, you are entitled to a number of rights, including the right to:
•    Attend general meetings and vote
•    Get a share of surplus income at the end of each year
•    Inspect your society’s books of account
•    Apply for loans.
•    Approve, reject or defer budget
•    Participate in amending the society’s by-laws
•    Fix borrowing powers of the society

What are the responsibilities of a cooperative society member?

Some of your responsibilities as a member are:
•    Attending members’ education days
•    Adhering to your society’s by-laws
•    Liability for your society’s debts incurred as a member and up to 2 years after ceasing to be a member
•    Encouraging potential members to join your society

What are the duties of a Management Committee?

The management committee is the governing authority of a Cooperative Society and is subject to any directives of a General Meeting. Among other responsibilities, the committee has a duty to:
•    Adhere to the Cooperative Societies Act, Rules and By-laws and prudent business practices in all its activities and   undertakings
•    Determine the interest rates on loans, subject to the society’s by-laws.
•    Ensure the keeping of true and accurate records of account.
•    Recommend to the Annual General Meeting, the dividend rate to be paid on shares, and the interest and refund payable to borrowers
•    Authorize investments by the society.

What requirements must one fulfill to qualify for a Cooperative loan?

The loan policy followed by Cooperative Societies is issued by the Registrar for Cooperative Development. Some of the requirements by the existing policy are:
•    A society must have been in existence for at least 6 months (from the date of registration), for its members to qualify for cooperative loans
•    You must have been a member of a cooperative society for at least 6 months to qualify for a loan.
•    The society’s books of account must be up to date for its members to qualify for loans.

What are the steps / check list for forming a Cooperative Society

(i) Prescribed application duly filled in shall be made to the Registrar of Cooperative societies; 
(ii) the application shall be accompanied by  the proposed Bye-laws of the society;
(iii) Where all the applicants are individuals, the number of applicants shall not be less than ten;
iv) the application shall be signed by every one of such applicants if the applicants are individuals;
v) if the applicant is a society, by a member duly authorized by such society;

Which are the laws that regulate cooperative societies in Khyber Pakhtunkhwa

Laws regulating Cooperative Societies in Khyber Pakhtunkhwa are:
(a) Cooperative Societies Act, 1925 and Cooperative Societies’ Rule 1927.