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Cooperatives

Membership in a cooperative

Membership in a cooperative means becoming a co-operative shareholder with the right of one vote, which makes it possible to save money regularly with other members. At your discretion, you can either enter a single amount or regularly contribute smaller amounts. In addition to the annual guaranteed yield, in co-operating years, dividends can also be earned. Members have the right to participate in the general meeting and have a direct impact on the management of the entity, which consists of farmers, small producers and village residents, and democratically decides on the strategy of dividing their profits. Moreover, the visit to the general meeting can become an interesting tourist and cultural experience.

Depositors' deposits will help many poor families in a transparent and democratic way. The most important advantage of cooperatives, however, is the legal limit of the number of votes, which prevents the accumulation of power and capital to a small group of shareholders, and wealth is thus spread among the members.

Enabling membership to foreigners in cooperatives is nowhere else the unrealized innovation brought by myELEN.com.

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