The Seven Cooperative Principles

The Seven Cooperative Principles

As a cooperative, Kandiyohi Power lives by the 7 Cooperative Principles which differentiate us from other types of businesses. These principles are as follows:

 

Voluntary and Open Membership

Cooperatives are voluntary organizations, open to all persons able to use their services and willing to accept the responsibilities of membership, without gender, social, racial, political or religious discrimination.

Democratic Member Control

Cooperatives are democratic organizations controlled by their members, who actively participate in setting policies and making decisions. 

Members’ Economic Participation

Members contribute equitably to, and democratically control, the capital of their cooperative. 

Autonomy and Independence

Cooperatives are autonomous, self-help organizations controlled by their members. 

Education, Training, and Information

Cooperatives provide education and training for their members, elected representatives, managers and employees so they can contribute effectively to the development of their cooperatives. 

Cooperation Among Cooperatives

Cooperatives serve their members most effectively and strengthen the cooperative movement by working together through local, national, regional and international structures.

Concern for Community

While focusing on member needs, cooperatives work for the sustainable development of their communities.