Co-operative organization is a voluntary organization which prefers development of mortality of members to earn money. The co-operative organization is formed to help their member to improve the economy standard. They provide different kinds of services product for their member. The motto of this organization is "one for all" and all for one". It is democratic organization which is operated for providing services to its members,
A co-operative organization is formed with the aim of working together for common benefit. The industrialization has created a gap between poor and rich. The poor people are helpless because they don't have economic resources but the development of co-operative organization provide people opportunities to collect a small amount from poor and this amount is used to address financial needs of their members. In fact, a co-operative organization works for service and common welfare rather than maximizing profit.
According to Nepal co-operative act 2048, "A society is constituted in order to provide services and facilities for the economic and social development of its member”
According to Henry Calvert, "Co-operative is a form of organization wherein persons voluntarily associate together as human beings on the basis of equality for the promotion of the economic interests of themselves."
From the above definition, Co-operative organization is the form of organization where in persons voluntarily associate together as a business being a basis of equality for the promotion of the economic interest of themselves. It is a voluntary association of persons with same interest. It is based on the principles of equality, mutual help, democracy, service, and sacrifice.