Why is FOCCUS important for a healthy cooperative sector?

Adherence to the disciplines and standards required by FOCCUS will help ensure proliferation of healthy financial organizations in the community that are able to provide quality finance services to its members. This could help in building better lives for many poor families and also fuel local economic development.

This will also boost the image of the cooperatives enabling them to reach out and serve more members. On the other hand, this will also encourage the setting up of new cooperatives that offer services other than financial in nature.

The use of FOCCUS brand has two-fold benefits for the cooperatives. FIRST, PRUDENTIAL STANDARDS and FINANCIAL DISCIPLINES can be used as a management tool that will help coopetatives build its assets, improve the quality of services, expand operations, and boost profitability thereby ensuring sustainability of operations.

The following Financial Discipline adhered to by FOCCUS cooperatives have been proven to improve cooperatives operations: