cooperative company

A cooperative company represents an alliance between people who associate voluntarily, in order to meet and satisfy the needs (economic, cultural, educational, etc.), of each of its members; through a company whose property is collective and of democratic administration.

As in capitalist companies, the main function of a cooperative company is to produce. However, its primary objective is not to make a profit, but to protect the interests of its members. In this type of company, action is based on the principle of open doors and democracy is exercised for the election of those who are going to direct it, complying with the foundation that says that each man has one vote.

A cooperative company can use credit like any other company, but in this case there is no figure of capitalist partner, since the cooperative’s own or social capital is created from the contributions made by the workers themselves.

Among the characteristics that define a cooperative company are: the power to associate and withdraw from it whenever they wish. Its democratic system, where decision-making is done by majority. The equal, fair and proportional distribution of surpluses.

The size of the cooperative is very diverse, as are the sectors in which they carry out their activities (agricultural cooperative, artisans, savings, housing, transport, etc.) in such a way that it is very common to come across cooperatives in any field , where there is a group of individuals with common needs and aspirations.

The cooperative movement has its origins as a result of the industrial revolution, so that the members of a consumer company, for example, could access better price and quality conditions, avoiding the figure of intermediaries and allowing an increase in the benefits of the cooperative members.

The symbol that identifies a cooperative company internationally is the dark green twin pine trees, located on a yellow background, which are enclosed in a circle, also green; whose meaning reflects the common effort and perseverance; where the circle means the union and the universality of cooperativism.