Co-operatives are established to ensure that the needs of parties such as producers and consumers in the area in which they are established are met from a certain hand and at affordable costs. Seven people unite to form co-operatives. The articles of association created by the partners are sent to the approval of the relevant ministry. After the necessary approval, it is registered with the trade registry and announced. At the moment of registration, the co-operative is established.
As mentioned above, the main purpose of the co-operative is the benefit of the beneficiaries. Therefore, they do not aim for profit. This requirement is also included in the Co-operatives Law. It is possible for the members to increase their number through inheritance and transfer of shares, and to leave the co-operative if they wish. Some types are as follows:
- Housing Building Co-operatives: Aims to provide housing, which is a basic need, to the people who are intended to benefit from it in an appropriate and quality manner.
- Agricultural Credit Cooperatives: It is the type of cooperative we hear most often in daily life. It aims to ensure that farmers can sell their products at an adequate price and that consumers can access these products cheaply and easily. However, this type of co-operative aims to protect the producer in particular. Therefore, the needs of the producer are at the forefront. Again, credit, etc. assistance is provided.
- Agricultural Development Co-operatives: This type of co-operative aims to direct employment in agriculture rather than production and sales. It provides support in areas such as labour, education and technology.