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BUSINESS, DILI

Over 118,000 Timorese people are directly involved in the Timor-Leste cooperative

Over 118,000 Timorese people are directly involved in the  Timor-Leste cooperative

Elizário Ferreira, Secretary of State for Cooperatives

DILI, 25 february 2023 (TATOLI)- The Secretary of State for Cooperative (SSC), Elizario Ferreira said currently 118,000 Timorese people have been directly involved in the cooperative in Timor – Leste.

“Over 118,000 Timorese people have been involved directly in the cooperative in the national territory of Timor – Leste, of this number some involved themselves in the credit cooperative and some involved on the production cooperative,’’ said the Elizario Fereira, in his statement which is accessed by TATOLI.

He explained, at the moment SSC recorded 452 cooperatives composed of 127 Cooperative Credit Unions and 328 Production Cooperative, from which both cooperatives had produced $ over 38 million to recover the economic in Timor – Leste.

Ferreira, also added that previously the involvement of Timorese people in the sector of the cooperative is very low but after SSC facilitate the training for the cooperative members, many Timorese are interested to involve directly in the cooperative.

“We continue to empower entrepreneurship through the training of cooperative management, and finance administration how to manage their activities of the business and currently SSC facilitate the accountancy for them to have the character of cooperative wisely and honestly in the management of their business,” he said.

In this opportunity secretary of State for Cooperative, Ilizario Ferreira thanked all the local authorities which had cooperated with SSC in orienting their people to involve directly the cooperative because only the cooperative could improve the economic surplus in the national territory of Timor – Leste.

 

 

Journalist: Camilio de Sousa

Editor: Nelia B.

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