Could the existence of Microfinance Institution for alleviation poverty in rural area? A case study in Women’s Cooperative in Magersari Village, Plumpang Sub-district, East Java, Indonesia

Rustinsyah, Rustinsyah; Dyson, Lisa

doi:10.2991/icpsuas-17.2018.31

Cited by 1 publication

(4 citation statements)

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“…These days, these local communal values increasingly maintained by the Sumba people (Huruta 2015, Huruta & Kurniasari 2018, Huruta & Sasongko 2016, Soegiono et al 2019). It has become essential in developing the spirit of self-reliance and togetherness in the development process (Usman et al 2004, Yunus 1999, Rustinsyah & Dyson 2017. Schumacher (1979) also stated that wisdom allows us not to pursue material interests and be more inclined to pursue spiritual goals.…”

Section: Pawandangmentioning

confidence: 99%

“…The Marapu belief in line with the principles of sustainable development (Boons & Lüdeke-Freund 2013, Busch et al 2016, Scholtens 2008, Starik & Kanashiro 2013, van Marrewijk 2003 which considers the economic, ecological and social aspects (Huruta & Kurniasari, 2018). This study is expected to contribute to identifying the forms of local wisdom that are able to encourage the development of microfinance which can be used as a guide to empowering poor rural communities (Kabeer 2005, Robinson 2002, Usman et al 2004, Yunus 1999, Rustinsyah & Dyson 2017, especially on Sumba Island. Based on the previous studies, this study will focus on describing the role of cultural value as the basis for microfinance development in Rinjung Pahamu Farmer's Group Association.…”

Section: Introductionmentioning

confidence: 97%

“…Moreover, the existence of microfinance institutions such as women's cooperatives provides financial services for women. It is a process to alleviate poverty in the rural area (Rustinsyah & Dyson 2017). However, microfinance also thas a negative impact on the household (Adams & Von Pischke 1992, Kondo et al 2008, Ganle et al 2015, Banerjee & Jackson 2016, Coleman 1999, Maldonado & Gonzάlez-Vega 2008, Garikipati 2008.…”

Section: Introductionmentioning

confidence: 99%

“…In its development, microfinance is not only used as a means to access capital, but it is also used as a means of friendship between citizens. Thus, microfinance has experienced a shift in functions from economic to social functions (Usman et al 2004, Rustinsyah & Dyson 2017.…”

Section: Introductionmentioning

confidence: 99%

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Cultural value as the basis for the microfinance development of the Farmer’s Group Association

Huruta

Pratomo

2019

MKP

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This study aims to describe the form of local wisdom (cultural value) in rural microfinance -this study conducted from October until December 2018 in Wangga Village, East Sumba. A qualitative method was used to picture the phenomenon of local wisdom-based microfinance development in communities. The authors used in-depth interviews with eight informants from the Rinjung Pahamu Farmer's Group Association. The eight informants were determined purposively. Also, the data collection was carried out through a focus group discussion with the Rinjung Pahamu Farmer's Group Association. The results of the study show that the local wisdom experienced by the members of the Rinjung Pahamu Farmer's Group Association was used to overcome the limited access to formal financial services. The forms of microfinance developed on the Island of Sumba could not be separated from the appreciation of the noble values (Marapu) adopted by the community, such as the philosophy of Pawandang, Hillu Kandutuku, and Rotu Padang. Furthermore, savings and loan activities carried out in the management of the Farmer's Group Association always consider the aspects of justice and survival. Based on the successful experience of the Rinjung Pahamu Farmer's Group Association, in the future, the cultural value as the basis for the microfinance development can be applied to other groups as a means to improve financial access among the poor, especially for those living in rural areas. Marapu's belief that was adopted by the people in Wangga Village still used as the basis for carrying out various activities in people's lives. Marapu's view is the belief that the government acknowledges pride, and it strengthens the community to maintain survival and balance. It practised through the Pawandang, Hillu Kandutuku, and Rotu Padang activities.

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