|
This check changing mechanism has been helping out Puporé greatly, as it gives them the possibility to participate in the market selling on credit, an option they could not previously offer. This makes commercials accords much easier, especially the larger clients that are accustomed to paying with third party checks. This is the case with their principal client, who takes up the | majority of their work hours and permits them to incorporate more members to the cooperative and improve worker shares.
Moreover, the check changing gives the cooperative some breathing space to buy raw materials for their own production and and to pay worker shares and services. It also allows them to avoid going to check changing usurers, who can charge up to 10% monthly. |
Snapshot
