| Wed, 07/21/2010 12:06 PM | National
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DENPASAR: Bali is looking to further revive its village unit cooperatives, which have become the island's major economic drivers.
Dewa Patra, head of Cooperatives and Small Scale Businesses, told reporters prior to the commemoration of the 63rd anniversary of the Indonesian cooperatives, that Bali has around 3,457, or 93.7 percent, of Bali's 3,689 cooperatives were "healthy". Around 70 percent of the total are registered as qualified cooperatives.
"The annual growth of cooperatives has been encouraging at five percent a year," he added.
In rural areas, village cooperatives have played significant roles in driving the local economy. Bali cooperatives have around Rp 3.2 trillion in assets, employ 14,155 workers and have almost 860,000 members.
"We are optimistic to develop Bali as a cooperative province earlier than its targeted year in 2012," Patra said.
Currently, Gianyar regency has 1,000 cooperatives with artisans making up the bulk of members. Bali has numerous farming cooperatives, savings and loans cooperatives, handicraft cooperatives and many others. - JP
http://www.thejakartapost.com/news/2010/07/21/bali-pledges-revive-village-cooperatives.html
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