Promoting Good Practices In Cooperatives

Sahakary” or “Cooperative” is a term riddled with corruption in Nepal today! However, simply defined, it is an act of helping. The cooperative movement worldwide is fostered with a philosophy of a self-governing association of people who come together voluntarily to meet certain common goals set for their community. These goals can be social, economic, cultural, or financial. People come together to set up a collectively owned and democratically controlled enterprise. According to the International Cooperative Alliance, cooperatives contribute to long-term economic growth and offer high-quality employment for 280 million people worldwide, which is 10 per cent of the world’s workforce.