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Strategies of Sustainable Cooperative Partnerships

Author

Listed:
  • Misbahul Munir
  • Maretha Ika Prajawati
  • Basir S.

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.

Suggested Citation

  • Misbahul Munir & Maretha Ika Prajawati & Basir S., 2021. "Strategies of Sustainable Cooperative Partnerships," International Journal of Financial Research, International Journal of Financial Research, Sciedu Press, vol. 12(3), pages 157-161, May.
    • Handle: RePEc:jfr:ijfr11:v:12:y:2021:i:3:p:157-161
    DOI: 10.5430/ijfr.v12n3p157
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    References listed on IDEAS

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    1. Marcio Mostardeiro, 2007. "CSR Strategy Formation Processes: A Multiple Case Study from Brazil," Social Responsibility Journal, Emerald Group Publishing Limited, vol. 3(1), pages 59-67, January.
    2. Saeed Al-Muharrami & Daniel C. Hardy, 2014. "Cooperative and Islamic Banks: What can they Learn from Each Other?," Advances in the Economic Analysis of Participatory & Labor-Managed Firms, in: International Perspectives on Participation, volume 15, pages 73-94, Emerald Group Publishing Limited.
    3. Roderick Hill, 2000. "The Case of the Missing Organizations: Co-operatives and the Textbooks," The Journal of Economic Education, Taylor & Francis Journals, vol. 31(3), pages 281-295, September.
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