Year: 2024
Type: article
Study design: Observational Study
Abstract: Cooperatives have become significant contributors to the realization of the Sustainable Development Goals No. 1: No Poverty. Transitioning associations to cooperatives is crucial for promoting sustainable economic development, empowering communities, and enhancing collective well-being. This research assessed the readiness of Small-Scale Fisheries (SSF) communities in the Global South to form a cooperative. This research employed an exploratory research approach in six coastal Barangays of Batad, situated in the 5th District of Iloilo Province. The findings indicated that respondents have a slight level of awareness with regard to the advantages and economic advantages associated with becoming part of a cooperative. On the other hand, there was a clear difference in members’ perceptions of the benefits and financial returns that comes with belonging to a cooperative. According to the study, females are more likely to support the association’s move towards a cooperative structure, especially younger individuals. The main issue highlighted was the lack of skilled officers and inadequate resources and training for association members. A lecture on Cooperative Awareness and capability trainings on financial management, bookkeeping, and credit management should be organized in order to increase associations readiness to be a cooperative.
Author: Michelle B. Baco
Institution: Northern Iloilo State University
Language: English
Subfield: Strategy and Management
Domain: Social Sciences
Open Access status: diamond
OpenAlex ID: W4403800560