How cooperatives help the poor?

Cooperatives empower the poor by providing access to resources, markets, and services that they might not otherwise afford. By pooling their resources and efforts, members can achieve economies of scale, reduce costs, and increase bargaining power. This collective approach fosters self-reliance and community development, enabling members to improve their livelihoods and achieve financial stability. Additionally, cooperatives often prioritize social goals, ensuring that profits are reinvested in the community rather than distributed solely to shareholders.