Even as the local co-operative movement seeks to recover from its decades of doldrums, not least its countless failed and abortive excursions into start-stop business ventures that have left groups across the country in a condition of acute disappointment, a University of Guyana business Professor insists that there is a way back for the sector.
Dean of the School of Entrepreneurship and Business Innovation at the University of Guyana Dr. Leyland Lucas says that co-operatives and credit unions can be important tools in the pursuit of efforts to create a more robust entrepreneurial ecosystem in Guyana.
In an article scheduled for publication in The Guyana Review in April, Professor Lucas asserts that credit unions in their role as “guardians of significant financial assets” must begin to “see themselves as enablers of economic activity rather than guardians of savings,” a posture which he says, “changes their standing in the national economy.”
