Total E&P Nigeria Staff Multipurpose Cooperative Society Limited (Total E&P Co-op) commenced operations in 1984 as Total E & P (Nigeria) Thrift and Credit Society Limited. It had an initial capital of N20, 000,000.00, and has grown from double digit membership at inception, to 1,643 members today. As with such societies, membership is voluntary and […]
‘Wish Saemaul Geumgo Cooperative Movement to become seeds of hope in Myanmar’
“Myanmarese competent participants took education on Saemaul Geumgo Movement” Nine former and current officials from Ministry of Agriculture, Livestock and Irrigation of Myanmar visited Saemaul Geumgo and took training workshop to promote Saemaul Geumgo Movement in Myanmar. Saemaul Geumgo development model has two pillars. One is sustainable financial development stressing savings and the other is […]
Encouraging savings with an innovative on-site deposit service in Benin and Mali
Do you find it hard to save? Now imagine you only earn $1.25 a day and that the banking infrastructure is very limited. This is what many inhabitants of Benin and Mali, West African countries of 10.3 and 14.5 million people respectively, experience every day. Savings being the driving force of independence and development,Développement international Desjardins […]
Desjardins unveils the tallest indoor living wall in the world
The new Desjardins building in Lévis houses the tallest interior living wall in the world with more than 11,000 individual plants artfully arranged according to colour, texture, pattern and size covering a 15-storey wall of the new building at 150 rue des Commandeurs, in Lévis. The artwork, “The Currents”, was designed by Green over Grey, […]
The Jardins of Desjardins
Tomatoes on the roof, ferns on the walls… The Desjardins Group, Canada’s leading cooperative financial group and the fifth largest in the world, is taking the principle of sustainability to heart and introducing ground-breaking environmental initiatives at all levels – literally. The roof of a bank might be one of the last places you’d expect […]
Protecting small rice growers thanks to an innovative index-based crop insurance product
Agriculture is a key activity in Sri Lanka, but is mainly practiced by poor smallholders who farm very small parcels of land. Plus, farm yields are subject to unstable weather conditions and wide price fluctuations that threaten farmers’ incomes. Under such conditions, crop insurance is seen as essential to safeguarding farmer assets. But, to make […]
Finnish Cooperative Banks Shape Their Own Destiny
Cooperative banks are hugely important in Finland, with a combined market share of over one-third, one of the highest in Europe. The cooperative banking sector in the country was shaken up in the 1990s, when a minority of banks split from the central cooperative banking group, OP Group. They formed their own competing cooperative banking […]
POP Pankkiliitto (POP Bank Alliance)
POP Pankki (POP Bank) is a cooperative banking group comprised currently of 36 independent cooperative banks.
Peace of Mind in a Time of Mourning Thanks to Loan Life Insurance
In West Africa, two million families are now protected by an innovative and advantageous loan life insurance product. This product was developed by the Confederation of Financial Institutions of West Africa (CIF) and its six member networks of financial cooperatives, including the PAMÉCAS network in Senegal, in collaboration with Développement international Desjardins (DID) and Desjardins […]
Another type of banking
A bank whose operations are as wide-ranging as those of Bank Rakyat can afford to change the way it does business. In 2003, 49 years after its foundation, Malaysias Bank Rakyat, one of Asias largest co-operative banks, embraced an operating system based on Shariah (Islamic legal) principles. Since then Bank Rakyat has been able to further extend its operations to the Malaysian islands of Sabah and Sarawak. Bank Rakyat is driven by […]
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