Youth Networking Session: Setting up a Co-operative
Jointly organised by the SFCCA Youth Committee and the Singapore National Co-operative Federation (SNEC), the “Youth Networking Session: Setting up a Co-operative” talk was held on 30th November 2019, at SFCCA Multi-Purpose Hall @ Level 2. 70 people attended the event.
70 members of the public attended the talk to gain a deeper understanding of co-operatives.
Speakers from Singapore National Co-operative Federation (SNCF) defined co-operatives as a hybrid between corporations and charities, generating profit while also doing its part in helping the society.
The speakers shared their wealth of experiences in Co-operative matters with the participants
The speaker pointed out that co-operatives in Singapore can be divided into 4 types, namely Credit Co-operatives Sector, Campus Co-operative Sector, Service Co-operatives Sector and NTUC Co-operatives Sector. They provide financial assistance and societal benefits in the different sectors to the public.
Participants actively raised questions about setting up Co-operatives
The steps to setting up a co-operative is to first prepare a business plan, provide a 3 year financial estimate and apply to the Registry of Co-operatives Societies. Co-operatives can also apply for development grants such as CCF Development Grant or the Capacity Development Grant.
Group photo of the organising committee and the speakers from SNCF
For more photos, please visit SFCCA’s Facebook page: https://www.facebook.com/pg/SG.SFCCA/photos/?tab=album&album_id=2821194041233282