Menteri Koperasi (Menkop) Budi Arie Setiadi, on behalf of President Prabowo Subianto, delivered a message to establish the Red and White Village Cooperative (Kopdes) to combat loan sharks and middlemen. This initiative aims to fight economic practices that burden rural communities.
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Key Points:
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Objective: The formation of Kopdes Merah Putih is aimed at eradicating loan sharks, middlemen, and predatory online loan providers that exploit rural residents.
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Presidential Directive: President Prabowo instructed that 80,000 Kopdes Merah Putih units be established this year to tackle extreme poverty and uplift farmers and rural communities.
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High Rural Enthusiasm: The rural population is highly enthusiastic about this initiative, with a target for 80,000 Kopdes Merah Putih to be operational across various villages by the end of June 2025.
Budi Arie Setiadi, accompanied by Deputy Minister of Cooperatives Feri Juliantono, revealed Prabowo’s directives after a meeting on the development and preparation of Kopdes Merah Putih at Istana Merdeka, Jakarta, on Thursday, March 27, 2025. The cooperatives will be established through the village deliberative mechanism, emphasizing community ownership.
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