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In 1844 the Rochdale Pioneers founded the modern Cooperative Movement in Lancashire, England, to provide an affordable alternative to poor-quality and adulterated food and provisions, using any surplus to benefit the community. Since then, the cooperative movement has flourished, extending across the globe and encompassing all sectors of economy.
The beginning of the modern cooperative movement
The Rochdale Pioneers
An independently formulated cooperative model developed in Germany by Friedrich Wilhelm Raiffeisen and Franz Hermann Schultz-Delitsch. Raiffeisen and Schultz-Delitsch originally formed credit unions in 1862. Since then the model has grown into other sectors and inspired the growth of financial cooperatives across the world.Back to top