Peer-to-Peer (P2P) lending is one of the mechanisms to overcome capital problems for the MSE sector, especially during the Covid-19 pandemic. P2P lending has the highest asset growth compared to other financial technology (fintech) schemes and mostly preferred by the majority of population. As a country with a majority Muslim population, people prefer to use sharia P2P lending, but its role has not been widely documented in the literature. MSEs are business enterprises that contribute greatly to the national gross domestic product (GDP) and absorb the most labor. This study aims to analyze the effect of sharia (P2P) lending on the performance and welfare of MSEs during the Covid-19 pandemic. The method of analysis consists of paired t-test, OLS and logistic regression analysis. Paired t-test results show that there are differences in turnover, profits, operating costs, and the number of MSE workers before and after receiving financing. OLS analysis shows that the amount of financing, business costs, labor, and length of business affect changes in MSE turnover. The results of the logistic regression analysis show that the average family income and the amount of savings significantly affect the welfare of MSE actors.
Millennial generation is consumption oriented generation. They are smart, trendsetter, and brand conscious. One of the products which is consumed by millennial generation is cosmetic products. Consumption of global halal cosmetics had a significant increased by 4.9 percent in 2018 or reached USD 64 billion where Indonesia is the second country as a global halal cosmetics consumer with a total expenditure of USD 4 billion. This study aims to analyze the factors influencing millennial generation in their decision to purchase halal MUI certified cosmetics. This research conducted in East Jakarta, Indonesia with 100 respondents. The method used in this research is logistic regression analysis. The result shows that halal knowledge, halal awareness, and brand image had a significant positive influence on the decision to purchase cosmetics labeled Halal MUI by the millennial generation of East Jakarta. It is expected that domestic cosmetic manufacturers will immediately certify and labeling halal MUI as a form of consumer protection. This is also important in increasing domestic cosmetic production, and to make Indonesia becomes manufacturer of halal cosmetic products.
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