Financing Alternative Model of Sharia Microfinance Based on Small and Medium Enterprises (SMEs) Perceptions for Sustainability of Economic

Fitriyah, Fitriyah and Ningtyas, Mega Noerman and Rahayu, Yayuk Sri (2015) Financing Alternative Model of Sharia Microfinance Based on Small and Medium Enterprises (SMEs) Perceptions for Sustainability of Economic. Australian Journal of Basic and Applied Sciences, 9 (7). pp. 227-230. ISSN 1991-8178

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Abstract

Small and Medium Enterprises (SMEs) have a big role to develop the economy in Indonesia. They contribute to GDP, foreign exchange with a stabile export value, decrease the number of unemployment and also poverty alleviation. However, despite of all their contributions, SMEs still experience several classical problems, that are related to capital. Therefore this study aims to explore financing alternative model based on SMEs perception for sustainability of economic. The informants of this research are a person in charge (PIC) and SMEs owners as the customers of KANINDO Shariah East Java. This research used a qualitative descriptive approach. Data as collected from observation, interviews, and documentation. Futhermore, data are verified by using triangulation. The result showed that the concept of tanggung renteng system as financing alternative model was preferred by SMEs. This model will give an economic stability for SMEs and then it can support the economic sustainability in generally. This condition influences SMEs’ care about environment around them.

Item Type: Journal Article
Keywords: financing alternative model; sharia microfinance; SMEs; tanggung renteng
Subjects: 15 COMMERCE, MANAGEMENT, TOURISM AND SERVICES > 1502 Banking, Finance and Investment > 150299 Banking, Finance and Investment not elsewhere classified
Divisions: Faculty of Economics > Department of Islamic Banking
Depositing User: Yayuk Sri Rahayu
Date Deposited: 25 Apr 2018 10:31

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