what's the difference between a co-operative and a small income generating project? is there a difference?

Answer 1

A co-operative would be 2 or more people joining together - say to grow vegetables and then sell them to wholeslaers. The profits would be shared amongst the members of the co-operative.

A small income generating project could be set up by one person. S/he would then get all the profits (if any!) but also be liable for all the debts!