Beware, There Moneylenders pretext of Cooperatives

JAKARTA - State Minister for Cooperatives and Small and Medium Syariefuddin Hasan asserted the existence of co-operatives continue to oversee the 'guise' cooperatives. He did not dismiss the practice of loan sharks that are still found under the guise of cooperatives in Indonesia. Kemenkop data showed 19 percent of the total number of cooperatives (186,907 cooperatives) in the form of cooperatives that is not active.

According Syarief, the figure was 19 percent, including moneylenders who practice on behalf of cooperatives. They practiced usury businesses with high-interest lending money. "They will be supervised, if violated, immediately shut down," he said moments with Republika visit the booths of SMEs in Building Smesco Wednesday (13 / 7).

In addition to loan sharks guise of cooperatives, many more issues that led to the failure of cooperatives. Regent of Rokan Hulu Ahmad said that many co-operatives and Micro, Small and Medium Enterprises (MSMEs), which was originally estimated to advance, it did not. There is a new cooperative once lost, immediately move the business. In fact, there is an immediate cap. "Honesty perpetrator is a key determinant of cooperative," he said in an interview with Reuters on Wednesday (13 / 7).

In Rokan Hulu, Ahmad continued, there were 238 registered cooperatives. Hundreds of the cooperative combination of the cooperatives with the status of good, moderate, to cooperatives which still need improvement. "Only 16 cooperatives that have been empowered and market his business up to other regions," he continued.

reference: REPUBLIKA[co]id