THE ECONOMIC IMPACT AND VALUE CO-CREATION OF COMMUNITY-BASED MICROFINANCE AT BANK INFAQ MASJID RAYA BINTARO JAYA (MRBJ)
The Sustainability Development Goal (SDG) number one, i.e., no poverty that aimed to end poverty is one of the most important goals especially for Developing Countries. In Indonesia, poverty remain major challenge. Understanding poverty in Indonesia demand good understanding of Micro, Small an...
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| Format: | Theses |
| Language: | Indonesia |
| Online Access: | https://digilib.itb.ac.id/gdl/view/84025 |
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| Institution: | Institut Teknologi Bandung |
| Language: | Indonesia |
| Summary: | The Sustainability Development Goal (SDG) number one, i.e., no poverty that
aimed to end poverty is one of the most important goals especially for Developing
Countries. In Indonesia, poverty remain major challenge. Understanding poverty
in Indonesia demand good understanding of Micro, Small and Medium Enterprises
(MSME). This is due to the fact that majority (99%) of enterprises fall under
MSME that absorb more than 97% of Indonesian workforce. This significant
proportion plays major roles in shaping the country economy. If managed well,
MSME would significantly contribute to country Gross Domestic Production
(GDP) that currently at around 60%. Conversely impartiality could cause the
MSME remain struggling with the classic challenges: access to fund and access to
market. These two key factors limit their ability to survive, sustain and grow.
The credit proportion from Banking sector to MSME that still at the level of 20%
provide opportunity for Non-Bank Financial Institution (NBFI) to fill the gap. One
NBFI scheme in Indonesia is Bank Infaq. It is a Sharia-based microfinance system
that has unique characteristics of inclusive community empowerment and joint risk
liability that is best fit for Indonesian local business characteristics.
Bank Infaq branch managed Masjid Raya Bintaro Jaya (MRBJ), in Tangerang
Selatan district in Indonesia is taken as an exploratory case study to measure its
impact and understand its value to the community it has served. With the key
important measures explored, a robust and workable scheme and system can be
formalized and can further be replicated by other microfinance institutions, hence
community empowerment and development can be spread faster towards the noble
goal to alleviate poverty in Indonesia |
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