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Wednesday, April 24, 2013
Moja ya miradi ya KNCU
Tuesday, April 23, 2013
Mexican credit unions increasr profit by fith
Credit and saving co-operatives in Mexico increased profit by over a fifth in 2012.
According to a report published by the National Savings and Values Commission (CNBV), the net profit of the sector increased by 22.8 per cent from MXN 741 million in December 2011 to MXN 909m in December 2012.
The credit portfolio reached a total of MXN 41,664m in December 2012, which represented a reduction of 0.4 per cent compared to the previous year. The regulatory body also said the result was reached by lowering reserves from 1,560m to 1,286m. This enabled co-operatives to compensate for the reduction of net commission income and the increase of administrative and promotional spending.
Assets of the credit and saving co-operatives were worth MXN 61,630m, which represented an increase of 8.5 per cent from the previous year and is partly due to having six more active co-operatives operating between December 2011 and December 2012.
Mexico, a country with 10,000 co-operatives in which 10 million people participate, has six million credit union members. There are currently 69 authorised societies operating as credit and saving co-operatives, which is six more than in 2011.
Caja Popular Mexicana, the biggest credit and saving co-operative in Mexico and Latin America, ended 2012 with 432 branches and 1,736,000 members. Every year the million members of Caja Popular Mexicana participate in General Assemblies at local, regional and national levels.
World Co-operative Monitor
Co-operatives are being asked to help build a statistical picture of the entire global movement.
The
International Co-operative Alliance has re-launched the second survey
for its World Co-operative Monitor in association with research
institute Euricse.
An aim of the Monitor is to develop a
database reporting on the socio-economic value and impact of
co-operatives from their trading area to a global perspective.
Earlier
this year, the ICA and Euricse extended its partnership, which includes
developing stories.coop into a multi-lingual platform, and collecting
data on new indicators for the Monitor, such as employment figures.
Last
year’s Monitor revealed the world’s top 300 co-operatives have a
turnover of USD 2 trillion, which measured the social impact and
turnover of co-operative enterprises.
The 2012 report
consisted of 2,192 co-operatives across 61 countries, but the ICA is
hoping for a larger take-up with the revised survey.
Charles
Gould, Director-General of the ICA, encouraged all co-operatives to
take part in the research project: “The World Co-operative Monitor
provides a great message for the general public: there is a way to
pursue sustainable business and at scale.
“In order to
improve the comprehensiveness of the database the contribution of every
single co-operative is essential, regardless of their size and
turnover.”
The World Co-operative Monitor Steering
Committee, composed of internationally recognised researchers and
practitioners, will meet at the beginning of May in Jakarta, on a trip
hosted by the Indonesian Government’s State Ministry of Cooperatives and
SMEs, to discuss and further validate the methodology and give
additional scientific strength to the entire project.
Gianluca
Salvatori, CEO of Euricse, added: “The idea behind this project is to
define a new process of data collection, integration, and analysis,
culminating in the creation of a regularly updated database containing
economic data, but also other social dimensions, to monitor and
demonstrate not only the economic, but also the social impact of
co-operatives worldwide.”
• To participate, visit www.monitor.coop
to complete the online questionnaire, which takes less than 30 minutes
to finish. The results will be presented at the ICA Global Conference
and General Assembly in Cape Town in November.
Wednesday, April 10, 2013
European Commission backs cooperatives for farmers
The European Commission is encouraging farmers to form themselves into co-operatives.
A report has been launched by the Commission to provide farmers with the knowledge of organising into co-operatives; and it also summarised the current level of co-operative development across the 27 EU member states. The report takes into account various aspects such as: economic and fiscal incentives, the relationship between co-operatives and other entities active in the food chain, or the internal governance of co-operatives.
According to the document, there are three main factors that determine the success of co-operatives in food chains: the position in the food chain, internal governance and the institutional environment.
The report reads: “Farmers’ co-operatives play an important role in helping farmers to capture a higher share of the value added in the food supply chain in all Member States.
“As agrifood supply chains are generally characterised by bargaining imbalances between farmers and their upstream and downstream partners, co-operatives play a key role in strengthening bargaining power and thus maximizing their members’ share of the value added.”
According to the same report, co-operatives are also reducing market risks and transaction costs, providing access to resources, and strengthening their competitive position by guaranteeing food quality and safety.
The study also shows that a large market share for co-operatives in a particular sector and country can increase the price level and reduce the price volatility. This is currently the case with the dairy sector.
Concerns are also raised over a lack of coherence between the agricultural policy that promotes building under the Common Market Organisation and competition policy that seems to prohibit sharing and other forms of collaboration.
Furthermore, although most national laws provide sufficient flexibility for co-operatives to choose an internal governance model that fits their strategies, such flexibility may not always be accompanied by the appropriate guidance.
Co-operatives benefit from flexible co-operative law, single taxation, and clearly defined competition rules. According to the report, co-ops are also important employers and contributors to the regional economy.
The report reveals that the situation in the new member states is diverse and contrasting due to differences in historical backgrounds, co-operative traditions or social and cultural contexts. However, all cases have in common that the impact of the communist legacy persists, as low trust is an obstacle to co-operative development.
The study was carried out between 2011-2012 by a European research consortium, but contributions have also been made by national co-operative experts in all of the 27 member states of the EU.
Photo: European farmers and agri-co-operatives debating the European Commission's proposal to reform the Common Agricultural Policy, Brussels, 6 February 2013.
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