PelajarWP – Cooperative school is an activity or organization that is run on the basis of the principle of the people’s economy which is managed by the learners and is under the guidance of the head of school and teachers, especially teachers of cooperatives and cooperative.
The purpose of the cooperative school is to instill and educate students to care for others, to teach entrepreneurship and enhance knowledge and skills of students of the importance of cooperatives.
Not only that, the existence of the cooperative school also aims to help students and also the teachers who need help with funding.
The government also supports the implementation of the cooperative school by providing funding assistance for the cooperative schools can develop more leverage so that its utilization can be perceived by students and teachers.
This was stated in the decree of the Ministry of Education and Culture dated 16 July 1972 Number 275/SKPTS/Mentranskop and Number 0102/U/1983 and is explained further in the Decision letter of the Minister of Manpower, Transmigration and Cooperatives Number 633/SKPTS/About/1974.
However, support from the Government aimed at the cooperative school that already has the legality or legal entity and has been registered in the department of cooperatives and local Government.
[Benefits Of The Cooperative School As Additional Income Fund]
Although the cooperative is operated in the school, but the cooperative school is not part of the business school in the field of economics. Therefore, the superintendent of the cooperative in this case is the teacher or the head of school is required to take care of the legality of the cooperative school.
Then, how to take care of the legality of the cooperative school? Check out his review below:
The procedure of the establishment of the legality of the cooperative school
To make the legality of the cooperative school is basically not much different with the cooperative in general. Following are the steps to the establishment of cooperatives as provided for in Article 12 Candy Cooperatives and UKM No.9/2019 on the Implementation and Development of Cooperatives:
Form a committee or board of cooperative which consists of students and supervised by teachers and head of school.
Make a deal, which was attended by the entire board of the cooperative school is generally done through a special meeting.
The meeting will generally result in articles of association of the cooperative. As for the contents of the articles of association in the deed of establishment of cooperatives, namely:
- List the name of the founder
- Name and domicile
- The intent and purpose as well as the field of business
- Terms of membership
- Provisions for Meetings of Members
- The provisions regarding the management of
- The provisions of the capital
- The provisions regarding the period of its establishment
- The provisions regarding the division of business
- The provisions regarding sanctions.
- The articles of association will be submitted to the notary public to process the deed to have legality.
Furthermore, the executive board of the cooperative is required to perform the submission of the ratification of the cooperative to the office of the department of cooperatives is related to, or the office of the cooperative level of the province (District/City). The goal is that cooperative school is registered and becomes a body that is authorized by law.
Generally, the filing of such endorsement will be forwarded to the Directorate General of Cooperative Institutions, the office of the Department of Cooperatives of the Province as well as the office of the Ministry of Education and Culture.
The last stage i.e. wait for a receipt from the office of cooperatives related to the submission of the ratification of the cooperative school. The letter was used as the foundation of the law so that the school can run the business activities of the cooperative officially.
However, the submission of the ratification of the cooperative can also be rejected by the department of cooperatives related. What is the cause?
The rejection of the deed of establishment of the cooperative’s usually because the statutes of the cooperative school conflict with the Law No. 25 of 1992, contrary to the norms of decency and violate public order.
But you don’t need to worry, if the deed is rejected, you can file a return request with a term of one month commencing from you receive the rejection notice.
So the cooperative efforts of the school to run smoothly, make sure that the articles you submit are in accordance with the applicable provisions.
In addition, there are some things that must be considered by the cooperative management of the school so that all activities can be effective. Because, if the cooperative is managed properly, then the students and teachers will have many advantages such as learning the business and can increase income.
What? Here in between:
The members of the cooperative have the same profession, in this case students.
Cooperative management must also have the vision and mission of the same, one of them by applying the principle of the people’s economy.
The founders or the member is not legally flawed or not indicated to have the attitude like inciting members of the cooperative to each other.
A business carried on should be economically viable and can give you an advantage.
Own capital to manage the cooperative and did not close the possibility to obtain capital from outside.
The ability or expertise possessed by the cooperative management should be in accordance with the responsibilities for the management of the cooperative school can be run effectively and efficiently.
The origin of the capital of the cooperative school
To be able to run cooperative school is of course necessary capital used to buy all the products selling to operating costs. The capital of the cooperative school itself is derived from capital and loan capital.
Capital itself is divided into several parts, such as:
Savings that a number of funds obtained from all the members of the cooperative paid with nominal and deadlines are the same.
Mandatory savings that the dues that must be paid by the members of the cooperative in the value of, and payment mechanisms that have been determined or regulated in the articles of association of the cooperative.
The reserve fund that the amount of money obtained from the allowance for the rest of the results of operations that aims to foster capital or cover losses.
Grant is a fund or capital goods gained rated with money and are generally given by the Government, Provincial Government, District/City and others.
Aside from its own capital, the board of the cooperative can also file a capital loans to financial institutions such as banks and companies engaged in the field of financial technology.
However, to obtain capital loan make sure that you choose a financial institution that has received permission and supervised by the Financial Services Authority (FSA) in order to secure its safety. Well, one of the financial institutions that trusted that PelajarWP.
Loan Working Capital (Working Capital Loan)
A working capital loan is a type of loan that can be used to develop cooperative efforts of the school like to buy the equipment and learning to provide financial loans for teachers.
You can get a loan ranging from $ 50 million to billions of dollars with a tenor of up to 24 months. Flowers provided that the flat rate began to 0.9 percent to 2 percent, which is determined based on credit scoring.
Funding PO/Invoice (Invoice Financing)
Funding PO that is a loan obtained to ensure the bill of the customer that is already running. Invoice financing can be selected by the board of the cooperative to meet orders for goods such as laptops, projectors and other students or school employees.
Loans offered PelajarWP start from Usd 50 million to billions or 80 percent of the value of the invoice with the tenor of the reach six months or following the period of maturity of the invoice.
Flowers for invoice financing i.e. the effective interest ranging from 1.5 percent to 2.5 percent. Interestingly than the effective interest that the mortgage each month will be smaller because the calculation is based on the principal debt remaining.
For working capital loans and invoice financing, PelajarWP has the facility of the suspension period, i.e. if the maturity date occurs obstacle payment, then PelajarWP will give the suspension a maximum of three months for working capital loan and five for invoice financing.
However, the borrower will be charged an administration fee of $ 500 thousand and the cost of the platform 4 percent.
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