RSSOne of the most successful businesses in the present scene is co-operative organizations. The commencement of such co operative institutes is not that difficult as compared to commencing a financial institutes, leave alone banks. The size of initial capital to start a co-operative institute is also very small thus people are motivated to start such institutes.
Normally what people and investors do is, they form a group of some ten plus members and invest some cash and start one. Many of those interested people what they do is, simply start collecting a small amount of money for a certain period of time. They collect a small amount of money from each individual on a daily, weekly or monthly basis and after accumulating a hefty sum they invest the cash. Investments in this context means, small loans or starting a convenience store and something like that. So far hundred out of hundred co-operatives in the nation have flourished.
This also shows that, general public has money and they are quite wealthy. Different national and international research have found the government to be very poor and per capita income of the general public is very low but with the sprouting of such co-operative institutes have proved that small saving is the base for large investments. However in the recent times, the government has intervened in this field to control the exceeding number of co-operatives in the country. Some tough rules have been implied on the financial sector to control the over growing co-operatives in the nation and that is a very wise move by the government.
Normally what people and investors do is, they form a group of some ten plus members and invest some cash and start one. Many of those interested people what they do is, simply start collecting a small amount of money for a certain period of time. They collect a small amount of money from each individual on a daily, weekly or monthly basis and after accumulating a hefty sum they invest the cash. Investments in this context means, small loans or starting a convenience store and something like that. So far hundred out of hundred co-operatives in the nation have flourished.
This also shows that, general public has money and they are quite wealthy. Different national and international research have found the government to be very poor and per capita income of the general public is very low but with the sprouting of such co-operative institutes have proved that small saving is the base for large investments. However in the recent times, the government has intervened in this field to control the exceeding number of co-operatives in the country. Some tough rules have been implied on the financial sector to control the over growing co-operatives in the nation and that is a very wise move by the government.
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