The Influence of the Nu Sumbersari Jember BMT Financial Inclusion Program on Moneylender Transactions (Case Study of Wirolegi Market Traders, Sumbersari District Jember)

English

Abstract

MSMEs in Indonesia are useful in terms of equal distribution of people's income. But
capital is a constraint. This BMT is expected to be a supporter for MSEs (Micro Small
Enterprises) which are of course in accordance with sharia principles and replace the
practice of moneylenders who are considered to be stifling the small economy in prolonged
debt bondage. In this case, one of the BMTs that is developing in Jember is the BMT NU
Sumbersari Branch. Based on the questions asked, to find out the implementation of the
NU BMT financial inclusion program for Wirolegi Market traders, to find out the effect of
the NU BMT financial inclusion program on loan shark practices at traders and to find out
the strategies carried out by NU BMT to reduce loan shark practices to traders in the
Wirolegi Market. This study uses a quantitative approach. Data collection technique is by
way of interviews. In this study there were 12 members who became respondents. The
results of research on the implementation of the BMT NU Financial Inclusion Program on
traders in the Wirolegi Market, respondents agreed as much as 67%, from the data obtained
there were 440 traders who were members of BMT NU partners and 59 traders who
accessed financing at BMT NU. We found that the main problem for traders is capital,
traders cannot access finance from financial institutions such as banks, cooperatives, or
BMTs. They prefer to use the services of loan sharks even though they are miserable. The
government has created an Inclusive Financial Program which is intended for middle to
lower entrepreneurs. In this Financial Inclusion Program, BMT is an institution that is used
as a program that is expected to provide solutions for traders to access finance, in this case
capital. The implementation of the BMT NU Financial Inclusion Program in terms of
submitting funds has been good, it's just that the implementation still needs to be improved.
The majority of respondents' answers regarding the implementation of the BMT NU
financial inclusion program agreed. The BMT NU Jember Financial Inclusion Program
reduces moneylender transactions.