Describe loans from cooperative and why should credit at reasonable rate be available to all

Dear Student,
Cooperatives or cooperative societies are one of the formal sources of credit in India. This loan amount is used to further lend to the members of the cooperative. When the members repay the loan to the cooperative, the cumulative amount is repaid to the bank.Loans from the bank cannot be availed by all the citizens. The poor farmers cannot get the loan from the bank by mortgaging the collateral and afford all the credentials prescribed in terms of credit. The cooperatives is a voluntary organization which includes certain groups; they remove the problem by advancing the loan to the farmers with a low-interest rate. The cooperative is not only for the farmer society but there also many societies which have formed societies but only a few have registered under RBI. One of the major sources of raising credit in the rural area is cooperatives; there are several types of cooperatives such as Farmer cooperatives Workers cooperatives Weavers cooperatives
Regards