Joining Cooperatives?

What are your takes on joining open-type cooperatives?

Tags: cooperatives

One Response to “Joining Cooperatives?”

1. son says:

   March 16, 2012 at 7:09 pm

   i am a member of a multi purpose coop in our place. it can be a source of funding if you have a business to finance or expand. the interest is not that low when compared to banks (who are very stringent with their requirements) but definitely lower than other financing groups.

   you get to save too because part of your monthly amortization goes to your savings.

   also, you get to enjoy a share of the profits of the coop thru dividends including the profits from your own loan