Cooperative Principles
1. Open Membership: Cooperatives are open to all persons able to use their services and willing to accept the responsibilities of membership.
2. Democratic Control: Cooperatives are democratic organizations. Members have equal voting rights (one member, one vote) and participate in decisions which affect the organization.
3. Economic Participation: Members contribute equally to the capital of their cooperatives. They allocate surpluses, if any, to (1) develop the cooperative and (2) benefit members in proportion to their transactions.
4. Autonomy and Independence: Cooperatives are self-help organizations. They enter into agreements on terms that ensure democratic control and maintain the cooperative’s autonomy.
5. Education: Cooperatives should educate members, employees, and the general public, especially youth, about democratic principles and the benefits of cooperation.
6. Cooperation Among Cooperatives: Cooperatives work together at local, national and international levels to serve their members and strengthen the cooperative movement.
7. Concern for Community: While focusing on member needs, cooperatives work for the sustainable development of their communities.