A RISK MANAGEMENT AND TECHNOLOGY READINESS LEVEL-BASED FINANCING FEASIBILITY MODEL FOR DISASTER AFFECTED MSMEs

Lidyana Dinda (Department of Financial Analysis, Politeknik Kutaraja)
Yudiansyah Shaleh (Department of Financial Analysis, Politeknik Kutaraja)
Daudy Sukma (Department of Public Sector Financial Management, Politeknik Kutaraja)
Desy Puspita (Department of Public Sector Financial Management, Politeknik Kutaraja)

COUNT: Journal of Accounting, Business and Management
Vol. 4 No. 2 (2026): COUNT: Journal of Accounting, Business and Management

Access to formal financing is challenging for micro, small, and medium enterprises (MSMEs) exposed to disasters. This study aims to examine a financing feasibility model integrating Financing Risk Management and Technology Readiness Level (TRL) among MSMEs in Banda Aceh, Indonesia. A sequential explanatory mixed-methods design involved 100 purposively selected MSMEs, complemented by interviews and focus group discussions with financing stakeholders. Quantitative analysis included descriptive statistics, construct assessment, regression, and a Risk–TRL financing feasibility matrix. Both Financing Risk Management (coefficient = 0.462, p < 0.001) and TRL (coefficient = 0.381, p < 0.001) were positively associated with financing feasibility; the model explained 61.2% of its variance (R² = 0.612). Financing history scored highest among risk-management indicators, whereas digital transactions scored highest for technology readiness. The matrix classified 60% of participating MSMEs into the higher financing-feasibility categories. Integrating risk-management capability and operational digital readiness may complement conventional lending assessments for disaster-exposed MSMEs. The proposed matrix offers a context-specific screening framework requiring further validation before adoption in other settings.