He said the 42-year-old cooperative recorded an after tax profit of RM9.35mil last year, up 16.2% compared to RM8.04mil in 2021.“Last year, it was ranked 16th in the Top 100 Best Cooperatives in Malaysia.
Set up in 1981, the primary objective of Kojadi was to provide loans for students from underprivileged families. Dr Wee said Kojadi, with a strong membership of nearly 60,000, had helped many people sail through financial difficulty.He said small traders and businessmen in small and medium enterprises , who were unable to provide security for loans, also benefited from the strength of the cooperative.He said there had been young professionals, including those with banking industry background, joining the cooperative.
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