The influence of financial literacy, financial inclusion, and people's business credit financing (KUR) on the profitability of MSMEs among PT Pegadaian City Palembang customers

https://doi.org/10.35912/jomabs.v2i1.2558
Published: Nov 21, 2024

Abstract:

Purpose: This research is conducted to determine the effect of financial literacy, financial inclusion, and the People's Business Credit (KUR) financing on the profitability of MSMEs among customers of Pegadaian in Palembang City.

Research Methodology: The sample in this study consists of 100 customers of PT Pegadaian in Palembang City, selected through purpose sampling. Data was collected using a questionnaire distributed to all customers, and the data was then processed using the Statistical Package for the Social Sciences (SPSS).

Results: The research results show that financial literacy has no effect on the profitability of MSMEs, financial inclusion has a negative effect on the profitability of MSMEs, and KUR (People's Business Credit) financing has a positive effect on the profitability of MSMEs for Pegadaian customers in Palembang City.

Limitations: This research is limited to analyzing the influence on MSME profitability with independent variables in the form of financial literacy, financial inclusion, and KUR financing. This research is limited to PT Pegadaian customers in Palembang City only.

Contribution: This research can contribute to providing references for further research activities, especially for researchers interested in conducting more in-depth studies in this field.

Keywords:
1. Financial Literacy
2. Financial Inclusion
3. People's Business Credit (KUR) Financing
4. Profitability of MSMEs
5. Pegadaian Customers
Authors:
1 . Meileginta Kaban
Universitas Sriwijaya, Indonesia
2 . Sulastri Sulastri
Universitas Sriwijaya, Indonesia
3 . Kemas Muhammad Husni Thamrin
Universitas Sriwijaya, Indonesia
4 . Isni Andriana
Universitas Sriwijaya, Indonesia
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How to Cite
Kaban, M., Sulastri, S., Thamrin, K. M. H., & Andriana, I. (2024). The influence of financial literacy, financial inclusion, and people’s business credit financing (KUR) on the profitability of MSMEs among PT Pegadaian City Palembang customers. Journal of Multidisciplinary Academic Business Studies, 2(1), 229–239. https://doi.org/10.35912/jomabs.v2i1.2558
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Issue & Section
Vol. 2 No. 1 (2024): November
Articles
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References

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    Andriana, I., & Thamrin, K. M. H. (2021). The Family Budgeting Behavior In Indonesia During Covid 19 Era.

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    Zahra, D. M. N., & Utami, R. C. I. (2024). Collaborative governance in achieve Bekasi new zero stunting. Journal of Multidisciplinary Academic and Practice Studies, 2(3), 447-457.

  1. Agyapong, D., & Attram, A. B. (2019). Effect of owner-manager’s financial literacy on the performance of SMEs in the Cape Coast Metropolis in Ghana. Journal of Global Entrepreneurship Research, 9(1), 67.
  2. Andriana, I., & Thamrin, K. M. H. (2021). The Family Budgeting Behavior In Indonesia During Covid 19 Era.
  3. Beck, T., & Demirguc-Kunt, A. (2006). Small and medium-size enterprises: Access to finance as a growth constraint. Journal of Banking & Finance, 30(11), 2931-2943.
  4. Bora, Y., Fanggidae, R. E., & Fanggidae, A. H. (2023). Analysis of the role of online transportation on tourism development (A study of tourists on users of grab online transportation services in kupang city). Journal of Multidisciplinary Academic and Practice Studies, 1(1), 1-10.
  5. Charfeddine, L., & Zaouali, S. (2022). The effects of financial inclusion and the business environment in spurring the creation of early-stage firms and supporting established firms. Journal of Business Research, 143, 1-15.
  6. Demirgüç-Kunt, A., & Singer, D. (2017). Financial inclusion and inclusive growth: A review of recent empirical evidence. World Bank Policy Research Working Paper(8040).
  7. Eton, M., Sunday, A., & Nkamusiima, D. (2023). Budget implementations in local governments in Uganda; reflections from Kiruhura and Mbarara. International Journal of Financial, Accounting, and Management, 5(2), 235-249.
  8. Fauziah, N. (2020). Pengaruh Penggunaan Kredit Usaha Rakyat (KUR) terhadap Pendapatan Usaha Kecil Menengah (UKM) Masyarakat di Kota Banda Aceh. UIN Ar-Raniry.
  9. Hayat, A., Noch, M. Y., Hamdani, Rumasukun, M. R., Rasyid, A., & Nasution, M. D. (2021). Manajemen Keuangan.
  10. Iqbal, A., & Subhan, M. (2022). The Role of Bank Syariah Indonesia Microfinance in Financing Small-Scale Businesses. Hanifiya: Jurnal Studi Agama-Agama, 5(2), 169-179.
  11. Jogiyanto, H. M. (2007). Sistem informasi keperilakuan. Yogyakarta: Andi Offset, 235.
  12. Kapesa, T., Nyagadza, B., Mugano, G., & Cheza, A. (2023). Impact of the COVID-19 pandemic on survival of MSMEs in Zimbabwe. International Journal of Financial, Accounting, and Management, 5(2), 179-194.
  13. Lakuma, C. P., Marty, R., & Muhumuza, F. (2019). Financial inclusion and micro, small, and medium enterprises (MSMEs) growth in Uganda. Journal of Innovation and Entrepreneurship, 8(1), 15.
  14. Mabula, J. B., & Ping, H. D. (2018). Use of Technology and SME Managers' Financial Literacy in Developing Economies. Paper presented at the Proceedings of the 2018 2nd International Conference on E-Education, E-Business and E-Technology.
  15. Makki, I. (2023). Pengaruh Pemberian Kredit Usaha Rakyat Syariah terhadap Perkembangan Usaha Pedagang Mikro di Pasar Leuwiliang. El-Mal: Jurnal Kajian Ekonomi & Bisnis Islam, 4(4), 868-879.
  16. Moh’d, A.-A., & Charfeddine, L. (2022). Financing new entrepreneurship: Credit or microcredit? Economics Letters, 216(C).
  17. Mutiara, S. (2023). Pengaruh Literasi Keuangan, dan Inklusi Keuangan Terhadap Kinerja UMKM di Bandar Lampung (Studi Pada UMKM di Kecamatan Sukabumi Kota Bandar Lampung). UIN Raden Intan Lampung.
  18. NAJOAN, M., RARES, J., & Laloma, A. (2022). Efektivitas program bantuan pinjaman modal usaha oleh Bank BRI melalui kredit (KUR) pada pelaku usaha rumah makan di kecamatan kawangkoan kabupaten minahasa. JURNAL ADMINISTRASI PUBLIK, 8(115).
  19. Nurullah, A., Gozali, E. O. D., Hamzah, R. S., Bakti, H., Khasman, R., & Maharani, M. A. (2024). An assessment of banking sector performance in Indonesia. International Journal of Financial, Accounting, and Management, 5(4), 407-417.
  20. OJK. (2021). Strategi Nasional Literasi Keuangan Indonesia (SNLKI) 2021 - 2025.
  21. Ruwaidah, S. H. (2020). Pengaruh literasi keuangan syariah dan shariah governance terhadap keputusan mahasiswa dalam menggunakan jasa perbankan syariah. Muhasabatuna: Jurnal Akuntansi Syariah, 2(1), 79-106.
  22. Sujai, M., Cahyadi, N., Asmawati, Ahmaddien, I., Yucha, N., Irhamni, F., & Mekaniwati, A. (2022). Manajemen Keuangan.
  23. Tyson. (2018). Personal finance for dummies.
  24. Yuliani, Y., Fuadah, L. L., & Taufik, T. (2019). The effect of financial knowledge on financial literacy with mediated by financial behavior in society of palembang city south sumatera. MIX: Jurnal Ilmiah Manajemen, 9(3), 293234.
  25. Zahra, D. M. N., & Utami, R. C. I. (2024). Collaborative governance in achieve Bekasi new zero stunting. Journal of Multidisciplinary Academic and Practice Studies, 2(3), 447-457.