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

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