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Journal : Ekuilibrium : Jurnal Ilmiah Bidang Ilmu Ekonomi

Sustainability Analysis of the Revolving Fund Program of the LPDB (Revolving Fund Management Institution): MICMAC Method Approach Fino Rihab Dibihantoro; Ni Nyoman Reni Suasih
EKUILIBRIUM : JURNAL ILMIAH BIDANG ILMU EKONOMI Vol 19, No 2 (2024): September
Publisher : Universitas Muhammadiyah Ponorogo

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.24269/ekuilibrium.v19i2.2024.pp245-259

Abstract

The importance of access to credit for micro, small, and household craft enterprises, including cooperatives, has become a major focus in improving working capital financing and capital accumulation to support industrial income. The government through the LPDB (Revolving Fund Management Institution) has launched a revolving fund program that aims to strengthen the capital base of cooperatives, increase the capacity of human resources in business and financial management, and increase the role of cooperatives in expanding employment opportunities and reducing poverty. According to data from the Cooperative Business Development Division of the Denpasar City MSME Cooperative Office, from 2021 to 2023, there were five cooperatives that received the LPDB revolving fund program, but did not consistently reapply for the funds. This raises concerns regarding the sustainability of the program and the factors that influence it. This study aims to identify the factors that influence the sustainability of the LPDB program for cooperatives in Denpasar City. Using the MICMAC (Matrix of Cross Impact Multiplications Applied to a Classification) analysis method, this study reveals that the revolving fund administration requirements and members' information and knowledge about the revolving fund have the most significant direct influence. These findings underscore the importance of simplifying the administrative process and improving member knowledge to ensure the success of the program. In addition, active member participation emerged as an important predictor of program sustainability, highlighting the importance of members' direct involvement in supporting their economic activities. Thus using this method can uncover critical factors, and provide a comprehensive understanding that can inform policy adjustments and strategic implementation to improve program sustainability.
Sustainability Analysis of the Revolving Fund Program of the LPDB (Revolving Fund Management Institution): MICMAC Method Approach Dibihantoro, Fino Rihab; Suasih, Ni Nyoman Reni
EKUILIBRIUM : JURNAL ILMIAH BIDANG ILMU EKONOMI Vol 19 No 2 (2024): September
Publisher : Universitas Muhammadiyah Ponorogo

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.24269/ekuilibrium.v19i2.2024.pp245-259

Abstract

The importance of access to credit for micro, small, and household craft enterprises, including cooperatives, has become a major focus in improving working capital financing and capital accumulation to support industrial income. The government through the LPDB (Revolving Fund Management Institution) has launched a revolving fund program that aims to strengthen the capital base of cooperatives, increase the capacity of human resources in business and financial management, and increase the role of cooperatives in expanding employment opportunities and reducing poverty. According to data from the Cooperative Business Development Division of the Denpasar City MSME Cooperative Office, from 2021 to 2023, there were five cooperatives that received the LPDB revolving fund program, but did not consistently reapply for the funds. This raises concerns regarding the sustainability of the program and the factors that influence it. This study aims to identify the factors that influence the sustainability of the LPDB program for cooperatives in Denpasar City. Using the MICMAC (Matrix of Cross Impact Multiplications Applied to a Classification) analysis method, this study reveals that the revolving fund administration requirements and members' information and knowledge about the revolving fund have the most significant direct influence. These findings underscore the importance of simplifying the administrative process and improving member knowledge to ensure the success of the program. In addition, active member participation emerged as an important predictor of program sustainability, highlighting the importance of members' direct involvement in supporting their economic activities. Thus using this method can uncover critical factors, and provide a comprehensive understanding that can inform policy adjustments and strategic implementation to improve program sustainability.
Co-Authors Ali, Jati Kasuma Alit Sumantri Anak Agung Bagus Ngurah Nararya Nata Anak Agung Gede Oka Wisnumurti Anak Agung Istri Ngurah Marhaeni Anandari, I Gusti Agung Ayu Apsari Andriani, Ni Luh Ayu Dessy Dibihantoro, Fino Rihab Fino Rihab Dibihantoro Guterres, Vicente Manuel Luis Herdina Selviani Tamba Hieke, Hubert I Gede Putu Kawiana I Gede Putu Kawiana I Gede Putu Kawiana I Kadek Noppi Adi Jaya I Ketut Sudama I Ketut Sudibia I Made Endra Kartika Yudha I Made Yullyantara Saputra I Nyoman Mahaendra Yasa I Nyoman Mahaendra Yasa I Nyoman Rasmen Adi I Nyoman Taun I Nyoman Wahyu Widiana, I Nyoman Wahyu I Putu Sastra Wibawa I Putu Suhartika Ida Ayu Meisthya Pratiwi Ida Ayu Nyoman Sakara Ida Ayu Nyoman Saskara Ida Bagus Purbadharmaja Jati Primajana, Dewa Kadek Eka Jayanthi, Ni Kadek Helia Rayani Kadek Oki Sanjaya Komang Ayu Widya Pramesti Kristanti, Ni Kadek Sania Made Dwi Setyadhi Mustika Made Heny Urmila Dewi Made Kembar Sri Budhi Made Putra Yasa, I Mohamad Suryadi Mohammad Saif Al-Moreno Ni Luh Gede Arma Ningsih Ni Luh Karmini Ni Made Nia Widiani Ni Made Tisnawati Ni Nyoman Yuliarmi Ni Putu Eka Aprilia Dewi Ni Putu Nina Eka Lestari Ni Putu Premierita Haryanti Ni Putu Wiwin Setyari Nopiari, Ni Nengah Nyoman Yuliarmi, Ni Pradnyadewi, Diah Putra, I Putu Reza Krisna Putu Ayu Pramitha Purwanti Putu Yudi Wijaya Putu Yudy Wijaya Rahutami, Ni Kadek Diah Renita Evelinda Sa-U, Samsoo Santana Putra A, Made Saraswati, I Gusti Ayu Prili Saskara, Ida Ayu Gde Dyastari Sinthya Aryasthini M, Made Suasthi, I Gusti Ayu Sudharma, I Wayan Priyana Agus Sumantri, Alit W Priyana Agus Sudharma, I Wibawa , I Putu Sastra Widya Putri, Eka Febrina Wijaya , Putu Yudy Wijaya, Putu Yudy Wilda Br Hutabarat Yasa, I Made Putra