Registered with the appropriate Government supervisory body with full complement of duly elected executives. Therefore, Love Focus Multi-Purpose Co-operative Society Limited creates enabling environment for enhanced living standard, improved economic activities and instruments to build an adequate security that leads to wealth creation, poverty reduction and sustainable development.
Cooperatives are member-owned businesses. The simplest way to understand them is that they aggregate the market power of people who on their own could achieve little or nothing, and in so doing they provide ways out of poverty and powerlessness.
The United Nations supports cooperatives. There is a growing consensus among international agencies about their importance. The World Bank recognises the role of cooperatives in revitalising the agricultural sector and the rural economy. In addition, an IMF suvey in 2007 showed that “cooperative banks have become important parts of many financial systems, with attendant potential financial stability issues”.
Cooperatives may not be the solution to all the world’s problems, but they are certainly part of the solution.