About Koperasi Usahawan Metropolitan Kuala Lumpur Berhad (Co-Met)
What is a Cooperative?
A cooperative ("coop") or co-operative ("co-op") is an autonomous association of peoples who voluntarily cooperate for their mutual, social, economic, and cultural benefit. The cooperative model is an innovative vehicle for group investment with many advantages over traditional models.
The cooperative principles and values such as ownership shared by members and not big corporate shareholders, democratic one-member, one-vote basis, social responsibility and members’ benefit and cooperation will provide an investment vehicle that ensure these resources work to create value for the members.
Furthermore, a cooperative being a for-profit business, can provide members with a modest to better-than-normal return on their investment.
Why Choose Co-Met?
Co-Met strive to provide entrepreneur alike with meaningful start-up capital and capital infusion that will generate financial returns on members investments. This will increase the viability and sustainability of businesses and the security of a healthy entrepreneurial community.
VOLUNTARY AND OPEN MEMBERSHIP – our membership is open to everyone
DEMOCRATIC MEMBER CONTROL – all members have an equal voice and equal vote
MEMBER ECONOMIC PARTICIPATION – allocation of profits is controlled democratically by members for their benefit AUTONOMY AND INDEPENDENCE – Co-ops are always controlled by their members, even when they enter into agreements with the governments and other organisations
EDUCATION, TRAINING AND INFORMATION – education and development for both members and employees
CO-OPERATION AMONGST COOPERATIVES – cooperatives work together to achieve their aims
CONCERN FOR COMMUNITY – working for the sustainable development of the community both locally and internationally
ONE VOTE ONE MEMBER – members actively participating in the decision making of the Cooperative every year during AGM
Koperasi Usahawan Metropolitan Kuala Lumpur Berhad or known as Entrepreneur Metropolitan Kuala Lumpur Limited Cooperative is a cooperative registered and incorporated under the Akta Koperasi 1993.Its founding mission is to address the lack of entrepreneur directed capital by pooling capital from its members, organise, manage and invest members’ capital resources in projects that will directly benefits members through dividend or profit sharing return and grow entrepreneurship.