LPDB Encourages Credit Cooperatives to Strengthen Red and White Village Cooperatives

The Revolving Fund Management Agency (LPDB) for Cooperatives is encouraging the credit cooperative movement to take a greater role in strengthening the Red and White Village Cooperatives (KDKMP). LPDB President Director Krisdianto stated that the success of cooperatives is determined not only by asset growth but also by good governance, member education, and the ability to empower communities. Speaking at the INKOPDIT Annual Members’ Meeting in Labuan Bajo, East Nusa Tenggara, he conveyed the appreciation of the Minister of Cooperatives for the credit cooperative movement, which has been a pillar of economic strengthening for decades. Krisdianto noted that the LPDB has provided financing to dozens of credit cooperatives nationwide over nearly two decades to strengthen their capital and business capacity. He urged the movement to maintain its identity and values while transforming to face economic and technological changes. INKOPDIT Chairman Wara Sabon Dominikus emphasized that the KDKMP is not a competitor but part of the same cooperative ecosystem, and pledged full support through education, human resource development, and sharing governance experience.