Strategy for Innovation and Empowerment by BMT for MSMEs in Wonogiri for 2019-2022
Keywords:
empowerment initiatives, human resources companies, customer installments, financial inclusion, training programsAbstract
The research objectives include: a) To find out the role of BMT in carrying out innovation and empowerment of Wonogiri SMEs in 2019-2022; b) To find out the constraints of BMT in carrying out innovation and empowerment of Wonogiri SMEs in 2018-2022. The type of research the researcher uses is descriptive-qualitative to understand phenomena regarding the research subject, such as the behavior and ways of words and language researchers in a particular (natural) context using various natural methods. Sources of data used in qualitative research are humans as respondents. Data collection techniques through; a) Interviews/interviews, b) Observations, c) Documentation. In this study, the data analysis technique used by the researcher used the Miles and Huberman model. Data analysis in qualitative research is carried out at the time of data collection and after the completion of data collection within a certain period. The results obtained are BMT Mitra Mandiri in empowerment through training carried out by BMT Mitra Mandiri by collaborating with Human Resources companies. Constraints obtained are intense competition, customers being late in making installments, dishonesty committed by customers where the submissions are not by the implementation in the field, and the marketing process is challenging to motivate MSME actors to carry out innovation strategies so that consumers gain confidence to make purchases.
References
L. Diaz-Serrano and F. G. Sackey, “Is microfinance really helping the most vulnerable? An empirical test of the effectiveness of the Ghana’s Microfinance Policy Reform,” Appl. Econ., vol. 55, no. 2, pp. 131–145, 2023, doi: 10.1080/00036846.2022.2071830.
V. Hartarska, J. Zhang, and D. A. Nadolnyak, “Scope economies from rural and urban microfinance services,” South. Econ. J., vol. 89, no. 4, pp. 1138–1167, 2023, doi: 10.1002/soej.12630.
S. Samreth, D. Aiba, S. Oeur, and V. Vat, “Impact of the interest rate ceiling on credit cost, loan size, and informal credit in the microfinance sector: evidence from a household survey in Cambodia,” Empir. Econ., 2023, doi: 10.1007/s00181-023-02443-5.
A. Ben Salem and I. Ben Abdelkader, “Diversification and performance of microfinance institutions: does Islamic microfinance model matter?,” Int. J. Islam. Middle East. Financ. Manag., vol. 16, no. 5, pp. 975–995, 2023, doi: 10.1108/IMEFM-01-2022-0031.
T. S. Mohamed and M. M. Elgammal, “Are donor funds used effectively? An examination of Islamic and conventional microfinance institutions,” Int. J. Islam. Middle East. Financ. Manag., vol. 16, no. 5, pp. 1009–1029, 2023, doi: 10.1108/IMEFM-11-2021-0462.
A. J. Blanco-Oliver, A. I. Irimia-Diéguez, and M. J. Vázquez-Cueto, “Is there an optimal microcredit size to maximize the social and financial efficiencies of microfinance institutions?,” Res. Int. Bus. Financ., vol. 65, 2023, doi: 10.1016/j.ribaf.2023.101980.
M. S. Apriantoro, J. Herviana, Y. Yayuli, and S. Suratno, “Sharia Financial Literacy: Research Trends and Directions for Future Inquiry,” J. Islam. Econ. Laws, vol. 6, no. 2, 2023.
F. Nughrani and M. Hum, “Metode Penelitian Kualitatif Solo.” … . ac. id/materi/Buku (diakses 17 Juli …, 2014.
S. Suryana, U. Sekaran, S. Lee, T. Stearns, and G. M. Geoffrey, “Metode Penelitian Kuantitatif, Kualitatif, dan R&D,” International Journal of... 2013.
B. Mengstie, “Entrepreneurship Development through Microfinance: Evidence from Amhara Regional State of Ethiopia,” J. Knowl. Econ., 2023, doi: 10.1007/s13132-023-01348-z.
A. Omidiji, N. B. Redmayne, D. Ehalaiye, and E. Gyapong, “Internal audit in microfinance institutions- evidence from transitional and developing economies,” Econ. Transit. Institutional Chang., 2023, doi: 10.1111/ecot.12382.
A. Abebe and M. Kegne, “The role of microfinance institutions on women’s entrepreneurship development,” J. Innov. Entrep., vol. 12, no. 1, 2023, doi: 10.1186/s13731-023-00285-0.
Z. B. Lawhaishy and A. H. A. Othman, “Introducing an Islamic equity-based microfinance models for MSMEs in the State of Libya,” Qual. Res. Financ. Mark., vol. 15, no. 1, pp. 1–28, 2023, doi: 10.1108/QRFM-01-2021-0017.
Downloads
Published
How to Cite
Issue
Section
License
Copyright (c) 2023 ETHICA: International Journal of Humanities and Social Science Studies
This work is licensed under a Creative Commons Attribution-NonCommercial-ShareAlike 4.0 International License.
