Cooperatives grow in leaps and bounds

As the traditional job market deteriorates, the number of savings and credit cooperatives in the country is growing as people seek more stable and rewarding work. It is believed that the birth and subsequent spread of the cooperative Society concept, is the result of both the public and private sectors’ inability to meet the needs and choices of a civil society differentiated in terms of income, education, ethical background, and ideology. Sipora Tsonope, outgoing chairperson of Motswedi SACCOS believes an environment of savings and credit cooperatives development organisations is emerging to accelerate this trend.

In her view, cooperatives that are institutional have more potential to grow by leaps and bounds since they rely on members who have a common bond.