What are motives of cooperatives?

Cooperatives are primarily motivated by the principles of mutual aid and democratic governance, aiming to meet the shared economic, social, and cultural needs of their members. They prioritize member benefit over profit, focusing on equitable distribution of resources and profits. Additionally, cooperatives often strive for community development, sustainability, and social responsibility, fostering collaboration and support among members. Ultimately, their goal is to empower individuals and enhance the collective well-being of the community they serve.