Teten Masduki: People Need Cooperatives

The number of cooperatives in Indonesia is the largest in the world. As of December 2020, the number was 127,124. The number of members is 25 million people.

KOMPAS/CYPRIANUS ANTO SAPTOWALYONO

Cooperatives and Small and Medium Enterprises Minister Teten Masduki

Cooperatives are the pillars of the nation\'s economy. Not only seeking to build financial independence, cooperatives carry the spirit of togetherness among members in order to achieve mutual prosperity. However, the challenges faced by cooperatives are huge. Amid the success stories in helping members boost production or provide credit, unhealthy practices remain rife.

Coinciding with the 74th Indonesian Cooperatives Day on Monday (12/7/2021), Kompas interviewed Cooperatives and Small and Medium Enterprises Minister Teten Masduki virtually in Jakarta last Thursday.