Sustainability of Cooperatives

The strategy can adopt the following ways to promote the cooperatives and ensure their sustainability.

• Building effective management information systems (MIS)
• Reaching large number of clients with vision for growth;
• Promoting savings services and diversify savings products;
• Offering services that fit the clients’ needs and diversify loan products;
• Simplify procedures to reduce operational costs;
• Motivating clients to repay loans and focuses on high repayment;
• Attaining financial sustainability by charging sufficient interest rates and fees;
• Involving clients when designing services;
• Promoting effective governance, – characterized by democratic and transparent decision-making;
• Targeting clients properly;
• Focusing on financial services only;
• Developing institutional linkages;
• Mobilizing internal resources in the form of share capital, long term savings and reserves;
• Offering patronage rebate to members in proportion to the services used;
• Integrating cooperative training and education in the regular services of the cooperative.

Microfinance, Cooperatives and Microinsurance as Sustainable Solutions……….Goal of Microfinance and Cooperative Strategy……….Cooperatives as a Means to Promote Sustainable Livelihoods……….Self-Help Groups……….Entry-Point Activities……….Savings and Credit Cooperatives……….Sustainability of Cooperatives……….Gender in Microfinance and Cooperatives