Jurnal Pengabdian Pancasila (JPP)
Vol. 5 No. 2 (2026): June 2026

Strengthening Financial Governance and Business Management of MSMEs to Increase Competitiveness in Medan City

Rike Yolanda Panjaitan (Universitas Methodist Indonesia)
Markus Doddy Simanjuntak (Universitas Sari Mutiara)
Kristanty M.N Nadapdap (Universitas Methodist Indonesia)
Rintan Saragih (Universitas Methodist Indonesia)
Arthur Simanjuntak (Universitas Methodist Indonesia)
Ivo Maelina Silitonga (Universitas Methodist Indonesia)
Duma Megaria Elisabeth (Universitas Methodist Indonesia)
Siti Normi Sinurat (Universitas Methodist Indonesia)
Apriani Magdalena Sibarani (Universitas Methodist Indonesia)
Erika Erika (STIE Professional Manajemen College Indonesia)



Article Info

Publish Date
30 Jun 2026

Abstract

This community service program aims to strengthen financial governance and business management of Micro, Small, and Medium Enterprises (MSMEs) in Medan City to enhance competitiveness in an increasingly competitive market. The main problems identified include weak financial recording systems, lack of structured business plans, minimal utilization of digital technology, and limited market information access. The program involved 35 MSME actors from various sectors in Medan City, selected through rigorous screening based on their business development commitment. Implementation methods include practice-based financial governance training, business management and marketing strategy workshops, intensive mentoring for 12 weeks, and the establishment of a business networking ecosystem. Evaluation results showed significant improvements: the ability to prepare financial statements increased from 14% to 86%, separation of personal and business finances increased from 29% to 93%, and the use of digital platforms for marketing increased from 22% to 77%. The program also successfully established the Medan Empowered MSME Community as a sustainable learning and business collaboration ecosystem, providing a real impact on improving MSME competitiveness.

Copyrights © 2026






Journal Info

Abbrev

jpp

Publisher

Subject

Social Sciences Other

Description

Jurnal Pengabdian Pancasila (JPP) is a forum for publication of the results of community service carried out by researchers, academics, and the wider community. The JPP journal aims to explore the problems and solutions faced by the Indonesian people in achieving prosperity. JPP Journal is an online ...