Obstacles and Challenges in the Development of MSMEs: Case Study

Sugiarto, Irwan

doi:10.33258/birci.v1i4.97

Cited by 9 publications

(9 citation statements)

References 4 publications

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“…They are usually less knowledgeable and structured [5]. This condition might hamper their development [12]- [14]. In terms of financial knowledge, they practice very basic of it, and it does not optimize the business model.…”

Section: Related Issues In Msme Developmentmentioning

confidence: 99%

Financial Literacy Program to Strengthen Economic Resilience for MSMEs In Pimpinan Cabang Istimewa Aisyiyah (PCIA) Malaysia

Tubastuvi,

Fuad,

Wibowo

2023

iccs

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Abstract. The development of investment instruments in real assets and financial assets has demanded MSMEs to acquire information for their decisions to be effective. However, there are still many obstacles, such as fraudulent investment practices due to financial illiterate. Given its importance for economic well-being, training on financial literacy along with entrepreneurship skills is needed to strengthen economic resilience for MSMEs. This program was done in collaboration with PCIA Aisyiyah Malaysia. In executing the program, we develop stages: preparation, implementation, and monitoring and evaluation. We found that participants perceive that they need the right support system, consistency, and confidence to be successful entrepreneurs. In terms of financial management, small businesses lack knowledge of cash management, overinvest, and experience difficulties in seeking external funding. In this program, Sharia finance was also introduced, and business practice according to Islamic law was also encouraged.

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Section: Related Issues In Msme Developmentmentioning

confidence: 99%

Financial Literacy Program to Strengthen Economic Resilience for MSMEs In Pimpinan Cabang Istimewa Aisyiyah (PCIA) Malaysia

Tubastuvi,

Fuad,

Wibowo

2023

iccs

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“…Peran UMKM yang memberikan pengaruh nyata dalam perekonomian saat ini tidak disertai dengan kondisi keuangan yang memadai. Pada umumnya UMKM mengalami kendala di bidang keuangan terutama dalam akses permodalan (Sugiarto, 2018). Untuk mengatasi hal tersebut, pemerintah menetapkan berbagai program seperti bantuan pembiayaan baik yang berasal dari lembaga perbankan maupun lembaga keuangan bukan bank (Kementerian perdagangan, 2018).…”

Section: Pendahuluanunclassified

Analisis Faktor Konfirmatori dalam Mengukur Kapasitas Target Pasar Kredit Usaha Mikro, Kecil, dan Menengah

Maesaroh

2022

Wahana

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This study aims to examine and analyze the determinants of the MSME's low absorption of bank credit. The determinant variables observed were business characteristics, management administration, resources, and performance of MSMEs. Each of these factors consists of several indicators that play a role in determining the capacity of MSMEs. The research analysis method uses confirmatory factor analysis (CFA) to confirm the effect of each indicator. The results showed that all the indicators tested had a significant effect on the absorption rate of MSME's credit products. The indicators that have the most role in determining the capacity of MSMEs were the level of use of their capital, the availability of financial reports, and the level of education of business actors. Banking strategies related to these three factors focused on increasing MSME credit absorption. Optimizing credit absorption is expected to improve performance in banks and MSMEs

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“…Kurniawan (2019) menyebutkan bahwa terdapat tiga masalah klasik yang dihadapi UMKM, yaitu pemasaran, ketersediaan bahan baku, dan manajemen. Lebih jauh lagi, menurut Sugiarto (2018), menyatakan berbagai permasalahan yang dihadapi UMKM antara lain ketatnya persaingan, kurangnya permodalan, kesulitan bahan baku, kesulitan pemasaran, kurangnya keahlian dan teknis produksi, serta kurangnya keterampilan manajerial terutama di bidang keuangan dan akuntansi.…”

Section: Pendahuluanunclassified

Pelatihan Manajemen Keuangan Berbasis Digital pada UMKM Kota Tasikmalaya

et al. 2021

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Program Pengabdian kepada Masyarakat ini dilaksanakan dengan mitra UMKM Kota Tasikmalaya. Program ini bertujuan untuk membantu meningkatkan efektifitas pengelolaan dari aspek manajemen keuangan UMKM. Permasalahan yang dihadapi UMKM yaitu belum adanya pengelolaan keuangan secara profesional. Target khusus yang ingin dicapai yaitu adanya penambahan wawasan, ilmu pengetahuan, penggunaan teknologi, serta keterampilan dalam mengembangkan usaha yang dijalankan. Metode yang dilakukan untuk mencapai target tersebut yaitu melalui pelatihan dan pendampingan kepada mitra. Aspek manajemen yang diberikan yaitu adanya literasi manajemen keuangan UMKM. Melalui pelatihan ini, UMKM mengetahui cara mencatat transaksi dan membuat laporan keuangan dengan mudah. Informasi keuangan tersebut digunakan untuk mengetahui posisi keuangan secara detail, membantu mitra dalam memperkirakan potensi keuntungan, serta menentukan kebijakan terkait aspek keuangan. Digitalisasi ini dibutuhkan untuk meningkatkan daya saing UMKM di tengah persaingan saat ini.

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Obstacles and Challenges in the Development of MSMEs: Case Study

Cited by 9 publications

References 4 publications

Financial Literacy Program to Strengthen Economic Resilience for MSMEs In Pimpinan Cabang Istimewa Aisyiyah (PCIA) Malaysia

Financial Literacy Program to Strengthen Economic Resilience for MSMEs In Pimpinan Cabang Istimewa Aisyiyah (PCIA) Malaysia

Analisis Faktor Konfirmatori dalam Mengukur Kapasitas Target Pasar Kredit Usaha Mikro, Kecil, dan Menengah

Pelatihan Manajemen Keuangan Berbasis Digital pada UMKM Kota Tasikmalaya

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