FINANCIAL PERFORMANCE ANALYSIS OF MSMES USING KUR (PEOPLE BUSINESS CREDIT) FUNDS BEFORE AND DURING THE COVID-19 PANDEMIC

• Main Author: S M Sigalingging, Mega
• Format: Final Project
• Language: Indonesia
• Online Access: https://digilib.itb.ac.id/gdl/view/64493
• Institution: Institut Teknologi Bandung

The IMF (International Monetary Fund) estimates that the global economy will fall sharply to -3% by 2020 due to the Covid-19 pandemic. Although the pandemic has weakened world finances, this condition is different from the 2007-2008 financial crisis because it caused by an indirect factor affecting world finances. KUR (People's Business Credit) is a government program specifically for MSMEs in solving classical problems in the capital. This program is beneficial for MSMEs who are contributors to Indonesia's GDP. However, because of this pandemic, there are many obstacles faced by MSMEs, especially in Doloksanggul Subdistrict that uses KUR. Through this research, the writer wants to know the weaknesses of MSMEs, especially in finance from 3 business sectors, namely trade, production and services. The study conducted by comparing the ratio analysis before and during the pandemic by using solvency ratios, activity ratios, and profitability ratios. Based on the results of the analysis, for MSMEs engaged in trade, especially those who sell gas, the solvency ratio decreases while the ratio of activity and profitability increases. For production businesses, especially those producing snacks and services, namely tailors, experience the opposite of business in trade. In solvency has increased, and the ratio of activity and profitability has decreased. From the results of the analysis, it can conclude that the trade sector has an excellent performance, while other businesses experience lower performance.