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Failures of Cooperatives

In this paper Zvi Galor discusses and analyzes some features which he believes are behind the failure of cooperatives in general and in Africa in particular. He thinks that fundamental cooperative principles are ignored and they are often mismanaged or taken over by governments or NGOs. Zvi also believes that SACCOs can be a useful tool for development if the credit they can give is complemented by training in financial planning, e.g. profitability calculations and cash flow budgets, although he also emphasises that it will not be possible for all traditional, small farmers to become successful modern ones. Finally Zvi recommends how he thinks SACCO savings and share accounts should be restructured.

• Resource type Paper
• Author Galor, Z.
• Year of Publication2005
• RegionGlobal
• LanguageEnglish
• Number of pages5 pp.
• Keywords Cooperative