What is a Coop?
A coop is an enterprise operated by a group of individuals. It looks like any other business, but it’s what goes on behind the scenes that makes it different.
The 7 Principles
The International Cooperative Alliance has established seven Principles that define coops as part of their Statement on the Cooperative Identity.
The coop movement in Malta is made up of over 60 coops operating in various sectors of the economy and have an annual turnover of €76m.
Setting up a Coop
Every coop started from the same place: a group of like-minded people identified a business need or opportunity and came together to fulfill it.