Financial Literacy of Micro, Small, and Medium Enterprises of Consumption Sector in Probolinggo City

Abstract

This study aims to describe financial literacy, use of technology and financial behavior with the performance of MSMEs Consumption Sector in Probolinggo City, with 51 MSMEs that have been operating 3 years to become a research sample. Data obtained from questionnaire were used combination of dichotomus and Likert scale to know level of financial literacy among SMEs owner in Probolinggo City, use of technology and financial behavior. The result of this study indicate that a medium level of financial literacy among SMEs owner in Probolinggo City. The MSME owners have not used technology maximally to help business activities. The MSME owners have shown responsibility of financial behavior so it can improve the performance of MSMEs.

A Conceptual Framework Of Entrepreneurial Orientation, Financial Literacy, And MSMEs Performance: The Role Of Access To Finance

“…Finance Literacy and MSME Performance (Mabula & Ping, 2018); (Wijayanto et al, 2020); (Satiti, 2020); (Kulathunga, Ye, Sharma, & Weerathunga, 2020); (Utami, Aprilia, & Putra, 2021); (Nakita Gusman, Subiakto Soekarno, 2021); (Buchdadi et al, 2020) 5…”

Financial literacy, digital transformation adoption, and their significance to the MSMEs performance in Bandung city

“…Financial literacy is defined as information, beliefs, and skills that impact attitudes and behaviors to improve decision-making and financial management to achieve prosperity (Dai et al, 2021;Satiti, 2020). According to Utami et al (2021), Firli (2017, and Dai et al (2021), looked at five variables to assess the financial literacy of MSME owners: (1) Financial planning, budgeting, and control; (2) Bookkeeping; (3) Funding sources; (4) Respondents' knowledge of the company; (5) Risk management; (6) Economy; and (7) Investment. According to the research of Ye and Kulathunga (2019) in Sri Lanka, financial literation has also emerged as a predictor of access to financial and financial risk attitudes. In addition, access to finance and financial risk attitudes were found to be partial mediators of the relationship between financial literacy and the sustainability of MSMEs.…”

“…MSMEs added to Indonesia's Gross Domestic Product (GDP), which continued to increase from 2012 to 2016. MSMEs now consume 97.22 percent of the workforce, up from 96.99 percent previously (Alfrian & Pitaloka, 2020;Utami et al, 2021). MSMEs were able to survive the crisis well, act as a buffer, and recover quickly.…”

Literasi Keuangan UMKM: Ditinjau Dari Aspek Pengetahuan Keuangan, Lembaga Keuangan, dan Teknologi Keuangan

“…Harianti et al (2021) menggambarkan literasi keuangan UMKM di Kota Bandung relatif rendah sebesar 58,91 persen. Utami et al (2021) menunjukkan bahwa literasi keuangan pemilik UMKM di Kota Probolinggo berada pada tingkat sedang. Beauty & Kamase (2021) menggambarkan bahwa tingkat literasi keuangan pemilik UMKM pariwisata masih rendah.…”