5 satisfactory level on civil servant housing - Penerbit UTM

3
INVOLVEMENT OF CO-OPERATIVE IN
SOLVING HOUSING PROBLEMS FOR
LOW AND MEDIUM INCOME GROUPS
Siti Rohana Salleh
Ahmad Ariffian Bujang
INTRODUCTION
Co-operative movement is a social economic organization
registered under the provision of Co-operative Act, 1993 (Act
502). The membership, capital and administrations are based on
cooperation. The members raised their own capital and formed the
board of directors to manage and administrate the organization.
The main activity of the co-operative is trading with the aim to
raise the social-economic of the members and give short term loan
to finance small business.
In Malaysia co-operative movement was formed 85 years ago.
Until now the role of the co-operative movement involved had
extent to other economic sectors such as housing, transportation,
land development, agriculture, printing and banking services. Cooperative
also opened the employment opportunities and aid for
financing sources for investment. This is because co-operative
movement is the third sector that can transform the growth of
national economy after the pubic and private sectors. Thus the
government formulated the National Co-operative Policy in 2004
as the guidance for the co-operative movement to be more focused
in the economic development. Hence the government formed the
Commissioner of Co-operative Malaysia in order to strengthen the
movement in the economic development. As Ungku Aziz (1980)