26 April 2018
Students from 13 Singapore schools have been learning what it takes to run a social entrepreneurship through a Singapore National Cooperative Federation (SNCF) initiative.
In the last four years, SNCF has worked with the schools to set up coop clubs where its trainers conduct lessons on finance and marketing for students and teachers. Tours are organized for students to cooperatives to help them understand the benefits of bulk purchases and value packs, and how to pass on savings to customers.
The SNCF, which leads the cooperative movement in Singapore, hopes to set up three to five more clubs in schools by the end of the year.
Students decide what they want to sell and turn up with business plans, with help from their teachers. Proceeds from sales go towards social causes or to school funds.