Inactive, dormant cooperatives told to buck up
SIBU: Inactive and dormant cooperatives in Malaysia are urged to mobilise themselves to benefit their members.
Senior director of Strategic Cooperative Institute of Malaysia (IKM), Sharina Abdullah, said doing so is important to closing the economic gap among the races and at the same time achieve the Shared Prosperity Vision 2030.
She said 1,993 out of 14,247 cooperatives in 2008 were inactive and 2,512 cooperatives were dormant whereas in the previous year from the 13,899 cooperatives 1,481 were inactive and 1,577 were dormant.
“If you (the cooperatives) are inactive then you have no contribution to your members,” she said.
She was giving a briefing on the programmes offered by IKM throughout 2020 at the ‘Ke Arah Kemakmuran Bersama’
If you (the cooperatives) are inactive then you have no contribution to your members.
(KKB) forum held in a hotel here recently, attended by about 350 cooperative members, civil servants and entrepreneurs.
According to Sharina, every cooperative needs to know where they stand in terms of generating revenue.
“A total of 281 cooperatives are in large clusters, 545 in medium clusters, 1,589 small clusters and 11,832 cooperatives in micro clusters,” she said.
Sharina said a total of 9,742 inactive cooperatives in 2018 had a membership of 5,837,617 and shares of RM14,825.46 million with total assets worth
RM142,654.57 million and turnover of RM40,270.76 million.
She pointed out that cooperative members should also be involved in profitable business in order to provide employment opportunities to others.
“IKM also provides various programmes such as the MiRiCLe Programme, Cooperative Entrepreneurship, Mind Transformation IR4.0, Sustainable Development Goal (SDG) and Social Entrepreneur (SE) to cooperatives,” Sharina added.
Sharina Abdullah