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Throughout human history many activities have always been undertaken by groups rather than individuals because this was a better and more economic way. Since the beginning of human society man has cooperated first in foraging and then in hunting, later in agriculture and still in manufacturing. There is practically nothing which a man by himself alone can achieve but acting together with others. Data compiled by International Cooperative Alliance (ICA) indicated that cooperatives have increasingly become the sources of secured employment and income for millions of the world´s population. Over 800 million people are members of different cooperative societies in the world in 1994 and the United Nations (UN) has estimated that the livelihood of nearly half of the world´s population, 3 million people, was secured by cooperative enterprises.

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Yemane Teweldemedhin was born on November 14, 1985, in Tigray Regional State of Ethiopia. He holds an M.A (2010) from the college of Development studies, Addis Ababa University and a B.A Degree from Hramaya University. He joined Wollo University in 2006 where he is currently working as a lecturer in the college of Business and Economics.

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