Sumatra Has the Nation's Highest Average Number of Savings and Loan Cooperative Members
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A savings and loan cooperative is a non-bank financial institution that accepts deposits and provides loans to its members.
In the cooperative's organizational structure, members hold the highest position as both owners and users of the cooperative's services.
According to data from the Central Statistics Agency (BPS), savings and loan cooperatives on Sumatra Island have an average of 700 members per unit. This is the largest average compared to the average number of cooperative members on other islands.
Meanwhile, savings and loan cooperatives in Maluku and Papua have the smallest average number of members, namely 401 people per cooperative unit.
The number of cooperatives in Indonesia reached 127,124 units in 2020. This number increased by 3.31% (yoy) compared to the previous year.
The highest number of cooperatives in 2020 was in East Java, namely 22,464 units or approximately 17.6% of the total cooperatives.
(See Also: List of Provinces with the Largest Cooperative Surplus in 2020, East Java Highest)
"Disclosure: This is an AI-generated translation of the original article. We strive for accuracy, but please note that automated translations may contain errors or slight inconsistencies."
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