The Potency Of Economies in the Cooperative System

The potency of economies lies in the people, thus the prosperity of the people indicates the success of the system. This is one of the objectives in the field of co-operative economy. To achieve the intention, cooperatives work as an organization that operates through pooling or accumulating in parts of larger yet venous system. In many different types of Indonesian cooperatives, every part and members, are responsible for the primary budget and operational budget which the amount and pooling frequency are set and agreed upon all members.

The co-operative system arranges equal right to all members. According to the Indonesian Republic Cooperative Law – Act 25 of 1992, every member holds equal rights and responsibilities by the Articles of Association. The general rights of each member including to attend Annual Member Conference, to choose or to be chosen as the executive committee, and to express opinions to the conference or to the executive executives. It is the responsibility of each and every member to maintain and cultivate the principle of fellowship in the organization.

Arranged upon the Indonesian Republic Cooperative Law – Act 25 of 1992, the requirement of founding a cooperative is having a minimum of 20 registered members. The membership should be open, voluntarily and every member involved based on their own and personal will. Openness in cooperative means that there is no discrimination of any form to the members. To allow the organization system to run accordingly, the cooperative acquires its members from similar business interest and purposes, so every member is willfully bound to participate in the business activity.

Coop as an organization

As a business organization, a cooperative is an economic institution. In terms of running the business, cooperative base their operation to the rational economic theory including the effectivity and efficiency to achieve the optimum result. Meanwhile, as stated above the objection of a cooperative institution is to prosper the member, because cooperative is a pool of people instead of a pool of funds. Therefore, the profit earned is dedicated to the life of the organization itself and for the member it is profit shared in the form of surplus revenue.

Why cooperative is important for the economics

The noble purpose of the cooperative objectives is to prosper the economy of the social environment. It is hoped that through the cooperative system, the national economy is supported and sustained. This is the reason that cooperative is identical with the MSME. The small and medium business are united through their same vision of sharing economy, in a traditional way of collecting funds independently. The likeness between cooperative’s objective and the role of MSME bring the two together in the potency of economies of scale.

Potential aspects to the partnership

Today, there are many ways to improve the life expectancy of a cooperative organization, especially in terms of business partnerships. Prevailing business institutions that provide services is obliged to focus on administering the credit and loan needs of small businesses. If the Cooperative organization, with the dedicated member adhere to the requirements, then it is an effective way to scout promising clients for the business institutions.

Tokoin is present to “meet the needs” of Tokoin’s users and partners (financial institutions, insurance, property business, etc). Through the idea of accelerating the MSME, Tokoin opens up the membership opportunity for the MSME to build reputation digitally and accordingly.

Thus, Tokoin will facilitate both cooperatives and the MSME sectors to meet their needs. Through the Tokoin blockchain platform, MSME will be facilitated to solve their access credit problem, while cooperatives will be assisted with a trusted platform to build their digital ecosystem with an effective market solution.  

To further information, do not hesitate to contact us on;

Website: https://www.tokoin.io/

Facebook: http://bit.ly/TOKOIN

Twitter: http://bit.ly/TOKOINID

Instagram: http://bit.ly/TOKOINIG

Youtube: http://bit.ly/TOKOINSMSE

Telegram Announcement Channel: https://t.me/tokoinupdates

Tokoin and Sahabat UMKM Ties-In Partnership

The potency for developing a country’s economy lays within the MSME sector. In Indonesia, there are more than 50 millions of MSME operating currently. They contribute significantly to the gross domestic products, and provides economic growth yearly.

To optimize its strength, MSME can use the fellowship approach from one another. To obtain beneficial access to networking which lead to fruitful partnership, Sahabat UMKM is the association community of Indonesian MSME to facilitate MSME to work together to boost their confidence in the bigger business ecosystem.

In Sahabat UMKM, Indonesian MSME actors are able to explore their capability and opportunity to cultivate their business potency through activity and networking. Their aim to support MSME is administered through communication, thoughts and experience sharing in a professional forum.

Sahabat UMKM provides knowledge sharing through programmes which goal is to encourage business progress in the near future and to expand market networking for the products. Saihabat UMKM also aims to improve the competitiveness of their members through mentoring, training and coaching.

One of the missions of Sahabat UMKM is to bring the digital literation for MSME in this era towards the 4th Digital Revolution. Digital market holds the highest imaginable opportunity for MSME to hunt for the bigger chance of expanding their market. Sahabat UMKM is also the right support for MSME actors so they are also able to find the right channel that they need, as the Sahabat UMKM acts as a bridge between the MSME and the government and private institutions as well.

With the same vision, Tokoin intends to facilitate MSME with bigger opportunity to develop and wider network of ecosystem. By partnering with Sahabat UMKM, Tokoin believes that there will be a lot of MSME will be forwarded to the modern business ecosystem. Also, as we believe that the condition for MSME to develop grows more flourish, Tokoin with Sahabat UMKM is ready to  embrace more newcomers in MSME industry, as it is also the sign of highly innovative society which lead to the economic progress.

With the name alike, Sahabat UMKM which literally means MSME companion, is a strategic partner to develop competitive MSME and a proper partner and alliance for Tokoin to solve the challenge that MSME face in the current situation.

Colaborating With PasarPolis, Tokoin Provide Convenience Access to Insurance

Tokoin.io – Awareness of using insurance is quite high. Since its introduction, many people have been interested in insuring their ownership. The best-selling insurance product on the market, is definitely the life insurance. There are many products available from the insurance industry, such as property insurance or business insurance.

As for business, insure their assets are as important as gaining revenues for their business continuity. That is why Tokoin made partnership with PasarPolis, the first insurance  online channel in Indonesia.

Aims to provide convenience for their user in choosing protection solutions, PasarPolis is an insurance marketplace who has established in 2015. To facilitate their users with a suitable insurance product, PasarPolis doing partnership with many insurance company to provide choices of protection for their users.

As a tech startup company that maximizes the use of technology and data in providing insurance. PasarPolis offers six categories of insurance: travel, personal accident, property, health, life, and motorized vehicles.

PasarPolis.com is also supported by a team of insurance specialists who can help their customers to register, compare, claim, or answer other questions. With PasarPolis.com choosing and buying insurance is very simple and fast.

Now, there are 100 insurance products from around 30 insurance companies that you can get on the PasarPolis platform.

Not only to become an aggregator between insurance companies and its prospective customers, PasarPolis has also developed innovations for instant claims and digital claims.

The difference between the two is that the instant claim applies when the policyholder no longer needs to file a claim. While for digital claim is a condition when the policyholder can process the administration of claim documents online. As simple as sending an email can later be processed directly by the insurance.

Tokoin knew that insurance are one of the necessity needed by the MSME to accelerate their business. Convenience access to obtain insurance will ensure their business continuity.

As a platform that leveraging blockchain technology to establish Valid identity and reputation of MSMEs. By offering a solution that allowing TOKOIN users to build a trust-able profile with security for all stakeholders in the ecosystem.

Our approach is by enabling the blockchain technology on our platform, combining digital identity and digital ledger to build MSMEs credit scoring services. With this proper technological implementation, we facilitate the MSME sector to embrace economic inclusion.

The idea is to bring prosperity to MSMEs. On this modern business ecosystem, Tokoin allows the MSMEs on having the financial records as similar as with the bank. Every transaction that is initiated through Tokoin’s platform is accurately recorded with timestamps.

To further information, do not hesitate to contact us on;
Website: https://www.tokoin.io/
Facebook: http://bit.ly/TOKOIN
Twitter: http://bit.ly/TOKOINID
Instagram: http://bit.ly/TOKOINIG
Youtube: http://bit.ly/TOKOINSMSE
Telegram Announcement Channel: https://t.me/tokoinupdates