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Explain five types of cooperative societies in Kenya.

Explain five types of cooperative societies in Kenya.

Answers

Simon
• Primary cooperative societies. These societies comprise of individuals who are either actual producers, consumers or people who join up together to save and obtain credit conveniently.
• Secondary cooperative societies. They are composed of primary cooperative societies as their members.
• Consumer cooperatives. These societies are formed up by a group of consumers who come up together and start up shops where they can buy goods of better quality much more conveniently.
• Procure cooperatives. These are formed up by producers who come together to improve the production and marketing of their products.
• Savings and credit cooperatives societies. These are cooperatives whose aim is to save money and provide loans to members as the need arose.
skilled writter answered the question on May 15, 2018 at 05:46

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