Women’s Cooperatives Need Transformation To Generate More Profits

Women’s Cooperatives Need Transformation To Generate More Profits

KUALA LUMPUR, Oct 21 (Bernama) — Women’s cooperatives in the country should make structural, systematic and comprehensive transformation in their economic activities so that they can generate more profits and benefits for their members, Prime Minister’s wife Datin Seri Rosmah Mansor said.

She said this was because the establishment of a cooperative was seen to be capable of helping its members and the community to overcome various problems, especially in the aspect of economy.

“It was proved by the success of cooperatives which were capable of increasing the income of its members and taking them out of poverty,” she said when opening the national celebration of International Day of Rural Women 2014 themed ‘Women of Quality Shape Generations’ at Angkasa Auditorium in Kelana Jaya near here Tuesday.

Also present was Domestic Trade, Cooperatives and Consumerism Minister Datuk Seri Hasan Malek.

Rosmah also expressed her admiration with the fact that the number of women’s cooperatives in Malaysia had reached 190, with memberships of over 50,000.

“I was made to understand that the value of shares (of women’s cooperatives) now stands at about RM23 million with the value of assets amounting to RM157 million, while there also exist 20 single mothers’ cooperatives with over 1,000 cooperators,” she said.

Rosmah said the encouraging increase showed that more and more of today’s women were capable of generating their own income through cooperatives, hence producing women cooperators capable of improving their families’ economic status.

At the event, Rosmah also presented this year’s Best Women Cooperative Award to Koperasi Serbaguna Kaum Ibu Kubang Pasu Berhad and the Best Women Cooperator Award to Rahaiah Baheran from Koperasi Khidmat Wanita Kuala Kangsar Berhad.

She also launched the book, titled ‘Nafasku Mencari DamaiMu’ authored by Malaysian female solo runner Suwaibah Muhammad Nasir.

— BERNAMA

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