Why do early cooperatives fail?
Causes of the failure of early cooperatives in the Philippines. Lack of proper understanding of the principles, practices true aims, and purposes of cooperative associations. Improper use of credits by the borrowers who, instead of using money borrowed for production, spent it for fiestas or luxuries.
What are the challenges of cooperative?
The cooperative movement has, however, for a long period of time been burdened with serious weaknesses and problems. The three basic weaknesses are: the economic viability of the major activities undertaken, the cooperative leadership and management capacity, and the lack of democratic control by the members.