PLAUSIBLE STRATEGIES THAT CAN BE ADOPTED TO KEEP THE FINANCIAL COOPERATIVES S AFLOAT IN THE WORLD OF ADVERSARIES

 The plausible strategies that can be adopted to keep the Financial Cooperatives s afloat in the world of adversaries

Policy  measures have to be put in place in order to lower the base rate which has positive effects on aggregate demand and house hold abilities to serve debt hence lowering bank cash reserve ratios, government bond buying programs should be implemented and debt moratorium for banks.

Work safety strategy

By taking hygiene measures at workplace and front stores following the service operation procedures. Introducing body temperature gun at every entrance of ware houses, offices and factories in order to reduce the spread of a pandemic.

Internal operation management strategy

Cooperatives are supposed to expand their teleworker arrangements and canceling or postponing events that require face to face exchange and to also increase pay for those working under lock down, while asking vulnerable workers to stay home on paid special leave.

Work protection strategy

Cooperates should modify paid time-off policies to ensure that the workers who are absent due to illness or to care for the sick family members do not suffer loss of income or other benefits. Higher paid workers should also decide to take lower wages so as to add on the ones earning low so as to protect workers from dropping out of work.

Supply chain stabilization strategy 

Through protecting small holder farmer’s food production and keeping the food value chain alive with the increasing demands from consumers. By shortening supply chain through establishing direct purchasing lines between producers and consumers cooperatives hence reducing the risk of inflated food prices which can help transform economies in the medium to long run sustainable production and consumption patterns aligned with Sustainable development goals.

Product and innovation strategy

Through shifting production towards much needed supply like hand sanitizers and face masks and distributing them for high risk populations including front line workers such as those in health care. Broadening access to relevant information through the use of internet and other social site that may contain vital information about the pandemic such as Facebook, whats app, twitter.


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