Strategies of Sustainable Cooperative Partnerships

Abstract

Cooperatives also have an active role in efforts to enhance the life of the nation and to realize a national economy based on the principles of family and economic democracy. The problem faced by cooperatives today is that cooperatives are less able to become business institutions that provide good services to all members and society in general. Limited funds and low human resources become a barrier for cooperatives to develop. Partnerships between cooperatives and other financial institutions are alternatives to improve cooperatives in developing their businesses. This study purpose on developing a cooperative economic development through a strategic partnership approach between cooperatives and other financial institutions so that cooperatives can grow, develop, and be sustainable. The method used in this research is descriptive qualitative research using in depth interview with informant. The informant is a cooperative for savings and loan managers who are willing to be interviewed in Batu City. The results showed that the cooperative strategy in building partnerships between cooperatives and other financial institutions was carried out based on the principle of mutual benefit. Cooperatives need to improve themselves so that they can meet the feasible and bankable criteria. Thus partnerships between cooperatives and other financial institutions will be established, thus cooperatives will grow and develop.

Exposing Transparency In The Wadi'ah Contract

“…Every customer has the right to receive clear information from the bank regarding the issued products, in accordance with BAPEPAM Regulation No. VII.G.2 concerning annual reports related to the transparency principle of Good Corporate Governance (GCG), which obligates the submission of important reports to stakeholders periodically (Munir et al, 2021;Salsabillah, 2023). This must be taken into serious consideration to avoid information imbalances between customers and the bank, as any issues that arise will negatively impact the customers.…”

“…Baitul Tamwil Muhammadiyah (BTM) Integrated Independent Business Center is a microfinance institution that operates based on the profit-sharing principle (Gunawan & Andriyanti, 2021;Munir et al, 2021). Its main objective is to develop micro-businesses to improve the status and dignity of the poor and defend the interests of the underprivileged.…”

“…The importance of this financial institution's role can be seen from its policy of providing business loans to various types of businesses (Bharti & Verma, 2023;Brašić Stojanović, 2019;Gong, 2022). The efficiency of financial institutions affects the efficiency and effectiveness of economic activities and the business world as a whole (Adeyele, 2018;Munir et al, 2021).…”

Analysis of partnerships between agricultural cooperatives and development actors: A national survey in Saudi Arabia

“…Leveraging resources was critical for partnerships to improve a cooperative's productivity and efficiency [35]. All partners could benefit from social and financial capital to reduce the transaction costs and share the risks of amassing these resources independently [29]. When cooperatives and other actors participated in collection action, the acquired competencies (new knowledge and skills) motivated them [53].…”

“…It affects sustainability and results on the society and the cooperatives in the short and long term. Some of those studies underlined the strategies for supporting agricultural cooperatives to deal with other actors and factors affecting cooperatives' participation [28][29][30][31][32]. However, the rest of them centered on a specific case study of partnerships to build agricultural value chains [19,[33][34][35][36] or partnerships for joint agricultural research, innovation, and technology transfer [37,38], or partnerships for delivering business development services to agricultural cooperatives [39].…”