Academia Open
Vol. 10 No. 2 (2025): December

The Impact of KUR Super Mikro on MSME Turnover at Pegadaian Syariah: Dampak KUR Super Mikro terhadap Perputaran Modal Usaha Mikro, Kecil, dan Menengah (UMKM) di Pegadaian Syariah

Muhammad Deffa Ray (Program Studi Perbankan, Universitas Islam Negeri Sumatera Utara)
Muhammad Syahbudi (Program Studi Ekonomi Islam, Universitas Islam Negeri Sumatera Utara)
Rahmi Syahriza (Program Studi Ekonomi Islam, Universitas Islam Negeri Sumatera Utara)



Article Info

Publish Date
11 Jul 2025

Abstract

General background: MSMEs play a strategic role in driving economic growth and employment absorption in Indonesia. Specific background: However, many MSMEs still face difficulties in accessing formal financing due to high-interest rates and complex requirements, prompting the government to introduce the KUR Super Mikro program through Sharia-based institutions like Pegadaian Syariah. Knowledge gap: Despite its potential, studies analyzing the specific impact of this program on MSME turnover at the branch level remain limited. Aims: This study aims to analyze the impact of the KUR Super Mikro implementation on the turnover of MSMEs at Pegadaian Syariah CPS Ar Hakim. Results: Using a quantitative approach and the Wilcoxon Signed-Rank Test on 78 respondents, the results showed a significant average turnover increase of 79.70% after receiving the financing. Business rotation also improved notably, and all respondents positively assessed the program. Novelty: This study contributes empirical evidence regarding the effectiveness of Sharia-based microfinancing on MSME turnover in a specific Pegadaian branch, which has been rarely studied. Implications: The findings suggest that expanding the KUR Super Mikro program and integrating it with business mentoring is essential to enhance its long-term impact and support MSME sustainability.Highlight : MSME turnover increased by an average of 79.70% after receiving KUR Super Mikro. The speed of business turnover of MSMEs experienced a significant increase. All respondents stated that the program was very helpful for business development. Keywords : KUR Super Micro, MSMEs, Pegadaian Syariah, Turnover, Sharia Financing

Copyrights © 2025






Journal Info

Abbrev

acopen

Publisher

Subject

Medicine & Pharmacology Public Health

Description

Academia Open is published by Universitas Muhammadiyah Sidoarjo published 2 (two) issues per year (June and December). This journal provides immediate open access to its content on the principle that making research freely available to the public supports a greater global exchange of knowledge. This ...