<![CDATA[The purpose of this study is a quantitative research with the aim of determining the effect of financial literacy and financial management on the performance of MSMEs in Lowokwaru Regency, Malang, Indonesia. This sample was taken as many as 98 respondents from the total number of MSMEs without limiting to those registered with BPS. The type of data used in this study is quantitative data obtained from questionnaires distributed to MSMEs and related to the problem being studied. Data collection was carried out by observation and distribution of questionnaires. In this study, the data source used in data collection is primary data. The research instrument used in this study uses a Likert scale. This study concludes that both financial literacy and financial management play critical roles in enhancing MSME business performance. The partial test results demonstrate that financial literacy (X1) exerts a positive and significant effect on business performance. Similarly, financial management (X2) independently yields a positive and significant impact. Therefore, improvements in both financial knowledge and management practices directly drive the overall performance of MSMEs.]]>
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