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Popular slogan of the Cooperative is “Each for all and all for each”. In such case if a member defaults to repay his loan what should be the duty & responsibility of other members ?

April 26, 2017Case cooperative defaults duty loan Popular repay slogan

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Popular slogan of the Cooperative is “Each for all and all for each”. In such case if a member defaults to repay his loan what should be the duty & responsibility of other members ?

1 Answer

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Answer- They should convince and prevail upon the defaulter to repay the loan for better interest of the Society and its members.