Financial Literation Levels of Small Businesses in Bajawa, Ngada District

Abstract

This study aims to identify: the behavior of small business actors in making financial decisions, especially decisions related to investment, saving and consumption; measuring the level of financial literacy of small business actors, and measuring the role of financial institutions and the Ngada Regency government in educating small business actors in managing their company finances. This research is a descriptive research with survey techniques. The population in this study were small business actors in Bajawa sub-district engaged in restaurant and trade businesses. The results showed that 70% of respondents used the income from their business profits for consumption activities, 20% for investment activities in the form of buying land, building houses, buying twowheeled or four-wheeled vehicles, and 10% for saving activities. The level of financial literacy of respondents is 50% classified as not literate, 33% classified as less literate, and 17% classified as sufficient literate. The role of financial institutions and the Ngada Regency government in educating business actors is still relatively low, namely 25%