Secondary Co-Op An Opportunity To Stay Sustainable
By Hussin HJ

Bandar Seri Begawan - Cooperatives (Coops) serve many different purposes and are classified by their roles and membership. There are also different levels of co-ops - primary and secondary. A primary co-op (predominantly active in Brunei) is one where all the members are individuals and the main purpose is to provide employment, goods or services to its members. A secondary co-op is one in which the members are primary co-ops and its purpose is to render services to these member co-ops.

In Brunei Darussalam, a relative number of co-ops are unable to run the business individually because of the lack of competitiveness, low membership participation with small start-up shares and lack of management skills and professionalism. This is where the concept of a secondary co-op comes to the fore and could provide a better deal for co-op bodies to group together and pool resources to achieve a common goal.

In a briefing which was attended by members of co-op bodies held at BINA Headquarters in Gadong recently, Awang Masri bin Haji Durahim, Head of Education and Training Unit of Co-operative Development of BINA asserted this concept as imbued in the 6th Principle of Co-ops where cooperation among co-ops is indispensable in order to remain competitive and sustainable. -- Courtesy of Borneo Bulletin

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