Assessing The Role of Islamic Microfinance: Case Study of Sandi Morse MSME Women Empowerment
Abstract
The main agenda of the UN Sustainable Development Goals (SDGs) and the African Union (AU) Agenda 2063 is to end poverty and inequality in all its forms without exception through the economic empowerment of women. The broad geographical and cultural conditions as well as the demographic conditions of society, especially MSME actors who are dominated by women and have various levels of knowledge (education, knowledge) must be the main focus. This research answers the potential for using the Islamic financing model as a tool to increase the capacity of women's empowerment and what are the obstacles to financial independence for women in Morse Indah MSMEs. This research is qualitative research with a case study approach and descriptive analytical data analysis techniques. The results of this research are that microfinance institutions have a model in the form of providing access to financial services for women such as financing and business savings through training models in management and business development opportunities. Based on the curation of analysis and research findings, the obstacles are problems in the field of access to financing, and the encouragement of digitalization/onboarding of MSMEs for women/expansion of marketing through digitalization.
References
Addiarrahman, 2018, Dissecting the Islamic Economic Paradigm: Reconstruction of the Islamic Economic Paradigm Based on Local Wisdom, Yogyakarta: Ombak (IKAPI Member)
Alfaqiih, A. 2017. Principles of Business Practices in Islam for Muslim Business Actors. Ius Quia Iustum Law Journal, 24(3), pp. 448–466. doi: 10.20885/iustum.vol24.iss3.art6.
Alyas, Muhammad Rakib. 2017. "Micro, Small and Medium Enterprise Development Strategy in Strengthening the Community Economy (Case Study of the Maros Bread Business in Maros Regency)." Sociohumanities: 114-120.
Central Java Province Cooperatives and UMKM Service. 2015. Time Series Data for MSMEs Assisted by Central Java Province, Quarter IV 2014.
A.M. M. Hafidz, Wertrational and Embedded Sharia Economics: Rationality of Values and Social Embeddedness of Economic Action as a Pillar of Human Welfare, Proceedings International Seminar "Strengthening ISLAM: Rahmatan Lil 'Alamin for World Peace and Welfare, Postgraduate Program STAIN Pekalongan, STAIN Pekalongan Press, Pekalongan : 7 November 2015, p. 63
Amirul ISLAM, M., Thambiah, S., & Musa AHMED, E. (2021). The Relationship Between Islamic Microfinance and Women Entrepreneurship: A Case Study in Malaysia. Journal of Asian Finance, 8(5), 817–0828. https://doi.org/10.13106/jafeb.2021.vol8.no5.0817
Anggraeni D., & Herlinawati E. 2019. Analysis of MSME Financing Models through the Role of Microfinance Institutions. Journal IMAGE Volume 8. Number 1. April 2019ASEAN SME Policy Index. 2018
Corredera-Catalán F., di Pietro F., & Trujillo-Ponce A. 2021. Post-COVID-19 SME financing constraints and the credit guarantee scheme solution in Spain, Journal of Banking Regulation (2021) 22:250–260.
Darma, G.S., & Noviana, I.P.T. (2020). Exploring Digital Marketing Strategies during the New Normal Era in Enhancing the Use of Digital Payment, Mantik Journal, 4 (3): 2257- 2262. https://doi.org/10.35335/mantik.Vol4.2020.1084.pp2257-2262
Erby. (2023). Government Encourages Women in MSMEs to Develop Business. https://www.kominfo.go.id/content/detail/47720/Pembangun-perempuan-pelaku- umkm-kembangkan-bisnis/0/berita
Euis Amalia, Distributive Justice in Islamic Economics; Strengthening the Role of LKM and SMEs in Indonesia, (Jakarta: Rajawali Pers, 2009)
Farouk Abdullah Alwyni, Indonesian Economy from an Islamic Economic Perspective: An Introduction, Economics: journal of the Islamic Paradigm in Finance, Economics and Development Vol. 2 No. 1 of 2014 ISSN 2338-2384 p. 13
Fitriana, Widya. 2016. "Sharia Microfinance Institutions: Existence and Accessibility for Farming Financing in West Sumatra (Case Study: Baitul Maal Wat Tamwil (BMT) Sharia Financial Services Cooperative (KJKS)." Indonesian Agribusiness: 149-162.
Hafni, Roswita, and Ahmad Rozali. 2016. "Analysis of Micro, Small and Medium Enterprises (MSMEs) on Labor Absorption in Indonesia." E-Journal, n.d.: 77-96.
Handayani, L.P.D.S., & Darma, G. S. (2021). The Influence of Audit Policies, Financial Information Access Policies and Digital Forensics on the Quality of Tax Audits. Literate Syntax; Indonesian Scientific Journal, 6 (3): 1260-1272. http://dx.doi.org/10.36418/syntax-literate.v6i3.1142
Islam, R., & Ahmad, R. (2020). Applicability of Mudarabah and Musharakah as Islamic Micro-equity Finance to Underprivileged Women in Malaysia. The European Journal of Development Research, 32(1), 176–197. https://doi.org/10.1057/s41287-019-00225-3
Ministry of Women's Empowerment and Child Protection (Kemen.PPPA) (2020). Gender-based human development 2020. Jakarta: Ministry of Women's Empowerment and Child Protection.
Ministry of Women's Empowerment and Child Protection (Kemen.PPPA). (2020). Profile of Indonesian Women in 2019. Ministry of Women's Empowerment and Child Protection.
KNEKS. (2019). Policy Recommendations for Microshariah Finance Development Strategy in Indonesia.
Kusuma, P. O., & Darma, G. S. (2020). Mobile Payment Transactions on MSMEs, International Research Journal of Management, IT & Social Sciences, 7 (3): 104-109. https://doi.org/10.21744/irjmis.v7n3.926.
Maulidia, S., & Nur, M. (2022). Islamic Microfinance Institutions and Empowering Women-Based MSMEs in an Effort to Reduce Poverty: Study at KSPPS Baytul Ikhtiar Bogor. FOCUS, 3(1), 27-47.
Mayoux, L. (2000). Micro-finance and the empowerment of women: A review of the key issues. ILO Working Papers, (993441343402676).
McQuinn, J. 2019. SME access to finance in Europe: structural change and the legacy of the crisis, Research Technical Paper. Vol. 2019. No. 10
Mohammad THAHER, L., Mohd RADIEAH, N., & Hasan WAN NORHANIZA, W. (2021). The Effect of Microfinance Services on Women Entrepreneurship: A Case Study in Jordan. Journal of Asian Finance, 8(5), 807–0815. https://doi.org/10.13106/jafeb.2021.vol8.no5.0807
Murti, K. G. K., & Darma, G. S. (2021). Online Travel Platform's Tough Road Facing the Pandemic. Literate Syntax; Indonesian Scientific Journal, 6 (5): 2280-2296. http://dx.doi.org/10.36418/syntax-literate.v6i5.2703
Musahwi, M. Awie, & Pitriyani, P. (2021). Empowerment of women through micro credit with a bank grammar pattern (Case Study of Members of the Benteng Micro Indonesia Sharia Cooperative, Lebak Banten Branch. Equalita). Journal of Gender and Child Studies, 3(1), 51-65.
Nawawi, Z. M., Soemitra, A., & Mahfuzah. (2022). Women Economic Empowerment Through Sharia Micro-Finance Institutions in Indonesia: A Qualitative Research. Iqtishadia, 15(2), 255–272
Paramita, Metti. 2017. Analysis of Human Resource Development Systems in Sharia Microfinance Institutions. Sharia Journal 3 (2): 343 - 357
Pradnyawati, N.M.A.A., & Darma, G. S. (2021). The Steep Road of Non-Cash Transactions in MSME Business, MEDIA BINA ILMIAH, 15 (10): 5505-5512. https://doi.org/10.33758/mbi.v15i10.1081
Putri, S. 2021. The Role of Sharia Financing in the Development of MSMEs in Indonesia. AL-HISAB: Journal of Sharia Economics Vol. 1. No. 2 (June 2021).
Rehman, H., Moazzam, D. A., & Ansari, N. (2020). Role of microfinance institutions in women empowerment: A case study of Akhuwat, Pakistan. South Asian Studies, 30(1).
Rivaldo, I. M. G., Lestari, N.P.N.E., & Darma, G.S., & Gorda, A.A.N.E.S. (2021). Integrating The Credit Lending Strategies of Multi-Purpose Cooperatives (a Case Study at KSU Dauh Ayu in Denpasar), Jurnal Mantik, 4 (4): 2318-2324. https://doi.org/10.35335/mantik.Vol4.2021.1138.pp2318-2324
San Marino, W., & Gunawan, G. G. (2021). Efforts to eradicate poverty through microfinance institution services and women's empowerment programs in Rajapolah sub-district, Tasikmalaya district. Journal of Business and Management Inspiration, 4(2), 121-132.
Selim, M., & Farooq, M. O. (2020). Elimination of poverty by Islamic value based cooperative model. Journal of Islamic Accounting and Business Research. https://doi.org/10.1108/JIABR-08-2018-0125
Siti Nur Kodariyah, "Women's Empowerment Through Vegetable Village Argotourism in Pilahan, Rejowinangun, Kotagede, Yogyakarta", Thesis (Yogyakarta: Department of Social Welfare Sciences, Faculty of Da'wah and Communication, UIN Sunan Kalijaga, 2015)
Sudiwedani, A., & Darma, G.S. (2020). Analysis of the effect of knowledge, attitude, and skills related to the preparation of doctors in facing industrial revolution 4.0, Bali Medical Journal, 9 (2): 524-530. https://dx.doi.org/10.15562/bmj.v9i2.1895
Suzana Ariffin, A., Mohamed, S., Baqutayan, S., & Mahdzir, A. M. (2020). Enhancing Women Entrepreneurship Development Framework: Policy & Institution Gap and Challenges in the Case of Malaysia. Jostip, 6(2), 22–33.
Tutik Sulistyowati, "Women's Empowerment Model in Increasing Professionalism and Competitiveness to Face the Commercialization of the World of Work". Journal of Women and Children, 1 (1): January 2015)
Wandari, N.K.M.A., & Darma, G.S. (2021). Management of Green-Behavior Character in the Millennial Generation in Increasing Interest in Using Green-Products, Nusantara Journal of Business Management Applications, 6 (1): 49-61. https://doi.org/10.29407/nusamba.v6i1.14778
Zakiyah, “Women's Empowerment by Women's Lajnah:. Journal of the Study of Socio-Religious Problems, XVII, 01 (January-June 2010)
DOI: 10.15408/mimbar.v41i2.41693
Refbacks
- There are currently no refbacks.
This work is licensed under a Creative Commons Attribution-ShareAlike 4.0 International License.