Financial literacy: What is the fact of the digital startups “Startup Singo Edan Malang”?

Abstract

The purpose of this research is to analyze financial literacy in the digital start-up business of "Startup Singo Edan Malang" community. The research approach used quantitative and qualitative with descriptive analysis methods. The sample of this study was 117 respondents who were obtained through questionnaires and open interviews. The results were obtained information if knowledge of credit interest rates is preferred in making credit decisions. This is evident from the experience of short-term credit in banking financial institutions. The fact that investment knowledge is obtained is if there is more understanding of banking products than capital market investment products. However, the investment experience is not in line with this investment knowledge, because of community integration. For financial management regarding credit guarantees, the level of knowledge is high, but not with shortterm and long-term financial management. Experience in short-term financial management, especially credit cards, is based on a precautionary motive.

The Role of Financial Literacy on the Financial Performance with Financial Behavior as a Mediation (Case Study on Creative Industry Startups in Malang)

“…Godwin-Opara (2016) explained that RBT supports entrepreneurs to have financial sustainability. Financial literacy support is a startup strategy with superior performance, sustainability and selfconfidence (Eniola & Entebang, 2016;Entebang, 2016;Hudáková, 2018;Iswari & Dewi, 2021;Iswari & Wati, 2021;Kausar & Ahmad, 2020;Khan et al, 2021;Morgan et al, 2019;Morgan & Trinh, 2020;Riepe et al, 2020).…”