Monday, 08 Augst 2022 | 18:05 WIB

In West Sumatra, Cooperatives Less Popular than BUMDes

Illustration: BUMDes

WEST SUMATRA, NNC -- West Sumatra Vice Governor Nasrul Abit assesses that cooperatives in the area he is heading now are not significant from year to year. According to him, the potential of cooperatives in West Sumatra is quite large when viewed from the amount of assets.

"This community needs to know more. Village-Owned Enterprises (BUMDes) are relatively new but more popular. Cooperatives need promotion," Nasrul said, as quoted by various sources on Thursday (7/26/2018).

Cooperatives need to expose the success stories of their members, so the public understands the principle of cooperatives that prosperous their members.

"Socialization should not be charged to the office but all members of the cooperatives should participate in popularizing it," he said.

According to West Sumatera Provincial Government record, the number of cooperatives in West Sumatera that conducted the Annual Member Meeting (RAT) in 2017 amounted to 77 percent of all existing cooperatives.

This figure is up compared to 2016's only 71 percent, that is, more and more cooperatives survive by doing innovation.

The Office of Cooperatives and Small and Medium Enterprises of West Sumatera also noted that there are 376 cooperatives from around four thousand active cooperatives in West Sumatera with assets above IDR2 billion. This condition confirms that the cooperatives still have strong market share, especially in the saving and loan sector.