WELCOME TO OUR WEB SITE !

The Committee, the Secretary/Manager and all the personnel of the Co-Operative Credit Society Periferias Polis Chrysochous, welcome you and we convey our cordial greetings.

OUR CONCERN IS OUR OFFER OF FRIENDSHIP AND HUMAN KINDNESS.

 CO-OPERATIVE CREDIT SOCIETY PERIFERIAS POLIS CHRYSOCHOUS

 --------------  HISTORY  --------------

The first Co-Operative societies were founded in Central Europe and the United Kingdom from 1830 - 1840. Cyprus, situated in the Eastern Mediterranean, far away from Central Europe, adopted the co-op societies timidly at first starting after 1900.

The situation that prevailed in the countryside at the time was harsh and miserable for the Cypriot farmers. The farmers were enslaved to the money lenders and merchants. It was very common for the farmers to lose everything they owned including their homes, and their property was sold for a ridiculously low price, so that the money lenders could received the money they had loaned to the poor farmers.

At this crucial time for the Cypriot farmer, the  Co-Op of Polis Chrysochous was founded in 1927. The first Committee was composed by the following people:

Chairman:         

Papademetris  Papacharalambous

Members:         

Nicholas Hatjichristodoulou

Christodoulos Papanicopoulos

Hasith Ousein Kallikas

Ahmet Faiz

Secretary:         

Kypros  Rossides

So the first committee and the others which followed struggled under difficult conditions to join the scattered power of the island and to render productive the bonds of collaboration and mutual aid, so that the co-operative movement could reach today’s form.