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(1). Guiding principles for our housing cooperatives

Our housing cooperatives model is defined by its voluntary membership that creates an association of individuals who are pursuing united economic, social, and cultural goals through a jointly-owned and democratically-controlled enterprise under the following guiding principles:

Voluntary and Open Membership

Cooperatives are voluntary organizations, open to all persons able to use their services and willing to accept the responsibilities of membership, without gender, social, racial, political or religious discrimination.

Democratic Member Control

Cooperatives are democratic organizations controlled by their members, who actively participate in setting their policies and making decisions. Members have equal voting rights (one member, one vote) and those serving as elected representatives are accountable to the membership.

Member Economic Participation

Members contribute equitable to, and democratically control, the capital of their cooperative. At least part of that capital is usually the common property of the cooperative. Members usually receive limited compensation, if any, on capital subscribed as a condition of membership. Members allocate surpluses for any or all of the following purposes: developing their cooperative, possibly by setting up reserves, part of which at least would be indivisible; benefiting members in proportion to their transactions with the cooperative; and supporting other activities approved by the membership.

Autonomy and Independence

Cooperatives are autonomous, self-help organizations controlled by their members. If they enter into agreements with other organizations, including governments, or raise capital from external sources, they do so on terms that ensure democratic control by their members and maintain their co-operative autonomy.

Education, Training and Information

Cooperatives provide education and training for their members, elected representatives, managers, and employees so they can contribute effectively to the development of their cooperatives. They inform the general public – particularly young people and opinion leaders – about the nature and benefits of cooperation.

Cooperation among Cooperatives

Cooperatives serve their members most effectively and strengthen the cooperative movement by working together through local, national, regional and international structures.

Concern for Community

Cooperatives work for the sustainable development of their communities through policies approved by their members

(2). Community mobilization

Cooperatives thrive through membership and therefore, our housing cooperatives shall engage and mobilize members of the community to buy in so as to create a movement that is determined to deal with the problem of lack of housing in our communities. Part of the mobilization is to raise an awareness that people should learn to do things for themselves and desist from the dangerous notion of dependence of Government to singularly provide solutions to all problems affecting our communities. The community will be educated to understand that the primary role of Government is to create a conducive environment through the regulatory framework which will enable people to do things that promote growth and development. 

(3). Training

To conduct capacity building and support the growth of the housing cooperatives, members shall frequently receive training on the following areas and more:

  • Cooperative Governance and Leadership
  • Financial Markets Literacy
  • Loans Management
  • Lobbying and Advocacy
  • Financial Planning
  • Member Empowerment
  • Strategic Planning
  • Housing Project Development

Financial Literacy

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