» Muhammad Wardi Md Nazir, 24, (four from left) who is the Manager of Putri Saadong Kota Bharu High School Co-operative is on a mission to empower entrepreneurship agenda among young learners in school.
of co-operative business model to be delivered to the general public. This is a weakness that needs to be tackled in the near future. Nevertheless, most of the co-ops run by young people in Malaysia perform their functions in consumerism, services and credit fields. And since the age limit of youth in the country is between 15 and 30 years old, school and university co- operatives also fall under the category of co-operatives run by youth. University co-ops offers services that are required the most by their members who are students such as printing, laundry, logistic and storage of goods
as well as running a grocery store and cafeteria. School co-ops also contribute substantially to the transition from informal to formal work for former students. In a way, these co-ops help them to have a stable financial and be more productive after leaving school. Young people are paving their way in the co- operatives to see changes being made in an effort to see the Co-op Movement become a more sturdier option for them to address issues in the present and future, which might become risks and challenges to working and living conditions.
Statistics on youth co-operatives in Malaysia (2013-2017)
Year
Revenue
Asset
Share and fees
2013
USD3.22 million
USD14.4 million
USD1.75 million
2014
USD3.65 million
USD17.4 million
USD1.84 million
2015
USD3.71 million
USD21.2 million
USD2.0 million
2016
USD5.04 million
USD10 million
USD2.14 million
2017
USD5.91 million
USD20.8 million
USD2.13 million
Source: Malaysia Co-operative Societies Commission
February 2019 PELANCAR
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