All Cooperatives Function with these Seven Guiding Principles:
1. Voluntary and Open Membership:
Cooperatives are voluntary organizations, open to all persons able to use their services and willing to accept the responsibilities of membership.
2. Democratic Member Control:
Cooperatives are democratic organizations controlled by their members, who actively participate in setting policies and making decisions.
3. Member-Owners’ Economic Participation:
Members contribute equitable to, and democratically control, the capital of their cooperative.
4. Autonomy and Independence:
Cooperatives are autonomous, self-help organizations controlled by their members.
5. Education, Training, and Information:
Cooperatives provide education and training for their members, elected representatives, managers and employees so they can contribute effectively to the development of their cooperatives.
6. Cooperation Among Cooperatives:
Cooperatives serve their members most effectively and strengthen the cooperative movement by working together.
7. Concern for Community:
While focusing on member needs, cooperatives work for the sustainable development of their communities.