Mark Joseph N.

Palon

BSBA 2P

ASSESSMENT 3

1. Based on the "Philippine Cooperative Code of 2008", enumerte the principles of Cooperation and
define each using the link below as reference.

https://www.cda.gov.ph/resources/issuances/philippine-cooperative-code-of-2008/republic-act-9520

Answer:

1. Voluntary and Open Membership

 This basically means that any cooperative is open for everyone regardleas of who you are.
Whatever your race, gender, and status everyone is welcome to be a member of cooperatives

2. Democratic Member Control

 These meand that Cooperatives are just like the government, they are beinh democratic in
managing their members,. All of the members of every coolerative has equal rights that is
rightfully theirs.

3. Member's Economic Participation

 These means that every member has to contribhte equally to the cooperative and also for me
these means that every member of the cooperative has equal gains and benefits.

4. Autonomy and independence

 Every cooperative is controlled solely by the members they have these unique identity that
differs them from other external factors.

5. Education, Training, and Information

 Education and traing is an essential pary of the cooperatives because it helps the members of
the cooperatives to grow and nurture their skills and talents.

6. Cooperation among Cooperatives

 These basically means that the cooperatives improve themselves by means of cooperating and
helping one another. They are working together for them to grow and to prosper together.

7. Concern for community

 Cooperatives main purpose is to help the community, its is their sole purpose on why they exist.
They live and exist not just for themselves but also for their own society and country.