UDHIS’ Common Ownership

UDHIS have mandate to promote co-operatives generally which allows for profits to be distributed among their members, most our members seek to protect the monies set aside for reserves and investment in assets from such distribution. This is known as holding the assets in Common Ownership. Members can control the use to which these assets are put, but they cannot sell them off and walk away with the cash. Common Ownership puts the assets of the co-operative in a similar relation to its members as a village common is to the people of the village/union. Any person living in the village or member of union can have full access of common facilities such as schools, recreations and streets. They do not expect to dig up “their share” and take it with them if they move away, nor sell it off and put the money in their pockets. It is understood that the common is owned collectively, that no individual has any claim on it.