Village Owned Enterprises (Bumdes) and Venture Capital Financing Strategy

2021 ◽  
Vol 1 (3) ◽  
pp. 31-39
Author(s):  
Sriyono Sriyono ◽  
Eny Endah Pujiastuti ◽  
Simon Pulung Nugroho ◽  
Adi Soeprapto
Keyword(s):  
Financial Services ◽  
Local Economic Development ◽  
Local Economy ◽  
Management Approach ◽  
Business Unit ◽  
Savings And Loans ◽  
Capital Financing ◽  
Government Data ◽  
The Government ◽  
Village Government

Currently, the government is developing the local economy through the development of community businesses such as MSMEs, traders, and others. Local economic development depends on the community's capacity to explore and manage regional potential, especially the potential of villages. The purpose of this research is to find out how bumdes as a village business institution can take advantage of opportunities as well as to help SMEs with financing difficulties. This study provides some theoretical insights into the use of a strategic management approach in the development of "bumdes". The sample of this research is the people of Maguwoharjo Village and the village government. Data were collected using in-depth interviews and focus group discussions. The analysis technique using Triangulation. The result of this research is that "Bumdes" as a village-based enterprise determines alternative strategies to develop Bumdes, namely intensive strategies. The form of implementing Intensive strategies is product development, while the form is in the form of financial services such as the Bumdes Savings and Loans Business Unit. The Bumdes Savings and Credit Business Unit is a micro-finance institution (LKM).

Peran Institusi Masjid dalam Pembangunan Ekonomi Lokal: Studi Kasus pada Masjid Jogokariyan Yogyakarta

2021 ◽  
Vol 2 (2) ◽  
pp. 174
Author(s):  
Emon Saputra ◽  
Dian Agustina
Keyword(s):  
Economic Development ◽  
Local Community ◽  
Local Economic Development ◽  
Local Economy ◽  
Small Communities ◽  
Study Approach ◽  
Marketing Process ◽  
The Government ◽  
Partnership Network ◽  
The Many

AbstractThis study is motivated by a phenomenon of the low level of welfare and the economy of the Indonesian people. The concept of Local Economic Development (LED) by utilizing local institutions in developing the economy can be one solution. This study aims to find out the role of the Jogokariyan Mosque institutions in efforts to develop the local economy. Yogyakarta Jogokariyan Mosque is one example of successful mosque institutions in efforts to encourage local economic development by looking at the effects of change and the many achievements. The type of this study is qualitative research, with a case study approach. The results show that there are four roles played by the Jogokariyan Mosque institutions in local economic development efforts, namely expansion of opportunities for small communities in employment and business opportunities, expansion for the community to increase income, empowerment of micro business institutions in the production and marketing process and institutional empowerment of partnership network between the government, private sector entity and local community. This study shows that the existence of mosques in Indonesia is very strategic and has the potential to overcome public problems, especially economic problems in local communities.AbstrakPenelitian ini dilatarbelakangi oleh fenomena rendahnya tingkat kesejahteraan dan perekonomian bangsa Indonesia. Konsep Pembangunan Ekonomi Lokal (PEL) dengan pemanfaatan institusi lokal dalam pembangunan ekonomi dapat menjadi salah satu solusi atas permasalahan tersebut. Penelitian ini bertujuan untuk menganalisis peran Masjid Jogokariyan Yogyakarta terhadap pembangunan ekonomi lokal. Masjid Jogokariyan Yogyakarta merupakan salah satu contoh insitusi masjid yang berhasil mendorong pembangunan ekonomi lokal terbukti dengan dampak perubahan dan banyaknya prestasi yang diperoleh oleh Masjid Jogokariyan Yogyakarta. Penelitian ini menggunakan metode penelitian kualitatif, dengan pendekatan studi kasus. Hasil penelitian menemukan bahwa terdapat empat dampak atas peranan yang dilakukan oleh institusi Masjid Jogokariyan dalam upaya pembangunan ekonomi lokal yaitu perluasan kesempatan bagi masyarakat kecil dalam kesempatan kerja dan usaha, perluasan bagi masyarakat untuk meningkatkan pendapatan, keberdayaan lembaga usaha mikro dalam proses produksi dan pemasaran dan keberdayaan lembaga jaringan kerja kemitraan antara pemerintah, entitas swasta, dan masyarakat lokal. Penelitian ini membuktikan bahwa keberadaan masjid sangat strategis dan potensial untuk mengatasi permasalahan publik khususnya masalah ekonomi di masyarakat lokal.

scholarly journals BUNGA PINJAMAN DALAM PERSPEKTIF KEADILAN (Studi Kasus Bunga Pinjaman di KPRI Nusantara IAIN Walisongo)

2016 ◽  
Vol 4 (1) ◽  
pp. 1
Author(s):  
Ghufron Ajib
Keyword(s):  
John Rawls ◽  
Financial Services ◽  
Participant Observation ◽  
Primary Data ◽  
Present System ◽  
Business Unit ◽  
Savings And Loans ◽  
Savings And Loan ◽  
The Subject ◽  
Loan System

<p><em>The subject matter of this study motivated several considerations. The first is that justice is the main  major Islamic mission, including social and economic justice. The opponent of justice, namely zhulm (injustice), according to the modernist is  raison d'etre of  usury prohibition, and be decisive for usury  legal issues. Second, that since 1990 up to the present system of Shari'ah financial institutions more firmly and growing rapidly with the issuance of Law number  21, 2008 On Islamic Banking and the issuance  Minister of Cooperative Regulation 91, 2004 On Guidelines for the Implementation of Activities Cooperative Business Financial Services Shariah. While the savings and loan business unit in KPRI ‘Nusantara’ since its establishment, in 1973, untill now still running a conventional loan system. In this study, primary data, the loan system and the pattern of calculating interest on savings and loans unit KPRI Nusantara, collected using three methods: participant observation, and interviews with the management and documentat.</em><em></em></p><p><em>By using the concept of social justice of John Rawls, the concept maqashid al-Sharia, and the concept of Islamic financial cooperative systems, researchers discuss the issue through three aspects of justice, namely the aspect of contract, the consistency aspect of interest, and justice aspects of cooperatives. Two discussion of this study conclude the absence of justice, namely the aspects of the contract and consistency aspects of interest. The final discussion concludes that there is justice, which is the aspect justice cooperatives.</em></p>

scholarly journals Probing the efficacy of local economic development in South African Municipalities: A case of POLOKWANE local municipality

2021 ◽  
Vol 12 (01) ◽  
Author(s):  
CM Mashabela ◽  
Keyword(s):  
Economic Growth ◽  
South Africa ◽  
Economic Development ◽  
South African ◽  
Local Economic Development ◽  
Local Economy ◽  
Primary Data ◽  
Research Approach ◽  
The Government ◽  
The Impact

The government of South Africa adopted Local Economic Development (LED) as part of its development policy in its quest for an inclusive economic development and growth. LED is intended to create a conducive environment for an inclusive local economy. However, unemployment and poverty rates are high in local communities with some SMMEs struggling to secure funding. Although municipalities do not create jobs directly through LED, they should, however, ensure that strategies implemented talk to inclusive economic growth, particularly the mitigation of unemployment and poverty rates. The purpose of the paper is to investigate the efficacy of LED in South African municipalities. The paper aims to evaluate and analyse the impact of implementing LED in South Africa. The quantitative research approach was adopted, and questionnaires were utilised to collect primary data. The paper found that LED in South Africa produces desired results at a low rate in that only a small fraction of the participants agrees that the municipality facilitates funding for SMMEs; only a small fraction of the participants is of the view that LED units provide adequate infrastructure and create industries. Moreover, the paper found that only a fraction of the participants is able to create job opportunities. Consequently, the paper recommends that municipalities should facilitate SMMEs funding, provide adequate infrastructure, develop industries and design LED strategies that enhance job creation. The paper argues that effective measures of implementing LED will enhance LED impact rate and fast track the prospects of inclusive economic growth in South African municipalities.

Self-Report Accuracy in Local Economic Development Programs

2020 ◽  
Vol 34 (4) ◽  
pp. 315-324
Author(s):  
Bill Farley
Keyword(s):  
Economic Development ◽  
Financial Reporting ◽  
Local Economic Development ◽  
Local Economy ◽  
Self Report ◽  
Development Programs ◽  
City Managers ◽  
The Government ◽  
Finance Officers

Local economic development programs are primarily aimed at increasing employment and tax revenues. Data on these programs are collected through self-report surveys conducted by the International City Managers Association and others. This study evaluates predictors of accurate self-reporting. Using agency theory as a theoretical framework, the study measures the quantity of internal reporting components and the quality of financial reporting and evaluates how these are associated with accurate self-reporting. As a control, the condition of the local economy is also evaluated. The findings indicate a statistically significant relationship between the quality of financial reporting and the strength of a local economy with accurate self-reporting. Recommendations to improve research in this area are for the Government Finance Officers Association and the International City Managers Association to work together, with the former creating standards for reporting on local economic development programs and the latter aligning its survey with these standards.

scholarly journals Peran BUMDES Dalam Meningkatkan Pertumbuhan Ekonomi Pedesaan Melalui Penguatan Sumber Daya Manusia

2019 ◽  
Vol 5 (1) ◽  
pp. 101
Author(s):  
Zulifah Chikmawati
Keyword(s):  
Rural Communities ◽  
Rural Economy ◽  
National Development ◽  
Local Economy ◽  
Local Potential ◽  
Fundamental Aspect ◽  
Potential Yield ◽  
The Government ◽  
Village Government ◽  
The Village

The rural economy is still an obstacle in the lives of villagers. Paradigm built in rural communities is poverty, deterioration, backwardness, and various forms of discrimination against the development and growth in rural communities. The most fundamental aspect is the inability of rural communities to manage, develop, and optimize the potential of local and village resources to improve the welfare of the community. Public welfare a major goal in the various aspects of life of the nation. Various programs have been carried out by the government in order to develop and build the local economy with a variety of perspectives and methods. Improve the economy of rural communities in Act 6 of 2014 About the Village provides an option that is expected to form a government village BUMDes (village-owned enterprises). BUMDes provide the widest possible space for the village government to regulate independent local potential and innovation with various facilities provided by the government ole much as 1.4 Billion funding for rural development effectively and efficiently, including infrastructure, education, economy, and programs for welfare for villagers to develop into a concrete and comprehensive. BUMDes optimization by building trust to the community through active participation in parallel that can be done together. BUMDes accommodate all local potential yield components to be managed and developed into a superior product as the process of economic development of society. Excellent products developed through BUMDes can be marketed nationally and internationally in order to improve the quality of the local potential. Therefore, BUMDes will be central to the economy of rural communities to national development. Nation building should start from the development of the village as the spearhead of government. Back to the village to build a village for the better

scholarly journals Peran Badan Usaha Milik Desa (BUM-Des) dalam Meningkatkan Pendapatan Usaha Kecil Menengah (UKM) di Desa Gerung Permai, Kecamatan Suralaga, Kabupaten Lombok Timur

2022 ◽  
Vol 6 (1) ◽  
Author(s):  
Salmi Yuniar Bahri ◽  
Abdul Khalik ◽  
Martin Romiza
Keyword(s):  
Small And Medium Enterprises ◽  
Social Economy ◽  
Active Role ◽  
Savings And Loans ◽  
Research Perspective ◽  
Goods And Services ◽  
The Government ◽  
Village Government ◽  
Medium Enterprises ◽  
The Village

Small and Medium Enterprises (SMEs) are one of the pillars of the domestic economy, especially for village government. However, they often do not get good support from the village government. Therefore, the government must involve the existence of Village-Owned Enterprises (BUMDes) to increase the income of SMEs so that they can improve the village economy. Village-Owned Enterprises have become a pillar of social economy (social economy) and commercial (commercial Institution) for people who want to manage and develop the potential and needs of villages to be used as business facilities in increasing village community income, as well as contributing to good social service and presentation. Meanwhile, as a commercial institution, it aims to seek profit through offering local resources (goods and services) to the community. This research uses a qualitative descriptive approach that emphasizes understanding the design of the proposed social phenomenon approach from the subject of the research perspective. This research was conducted in Gerung Permai Village, Suralaga District, East Lombok Regency by involving BUMDes Management and UKM actors as sources of data taken by means of interviews and questionnaires. The results of the research are that BUMDes Gerung Permai, Suralaga District, East Lombok Regency supports the existence of SMEs as a means to improve the community's economy. Therefore, BUMDes plays an active role in providing assistance to SMEs in the form of savings and loans with only one percent interest.

scholarly journals Crisis Mitigation through Cash Assistance to Increase Local Consumption Levels—A Case Study of a Bimonetary System in Barcelona, Spain

2021 ◽  
Vol 14 (9) ◽  
pp. 430
Author(s):  
Susana Martín Belmonte ◽  
Jordi Puig ◽  
Mercè Roca ◽  
Marta Segura
Keyword(s):  
User Satisfaction ◽  
Financial Stability ◽  
Local Economic Development ◽  
Local Economy ◽  
Cash Assistance ◽  
Positive Effects ◽  
Local Currency ◽  
The Government ◽  
Transactional Data

Subsidies in the form of direct transfers from the government to citizens constitute a powerful mechanism for crisis mitigation and for the alleviation of economic inequalities. However, the connection between direct transfers of cash assistance to selected individual beneficiaries and the prosperity of their immediate surrounding local economy has not been sufficiently explored. This paper presents a case study which analyzes the effects of allocating cash assistance in the form of a local currency. It shows that, under certain conditions, such a transfer not only provides the beneficiaries with additional purchasing power to satisfy their needs but also that the monetary injection benefits local SMEs by generating additional turnover. Using transactional data from the system, some indicators are proposed to analyze the properties of the system, namely, user satisfaction, total and average income generated by local businesses, the local multiplier, the recirculation of the local currency, and the velocity of its circulation. Our findings indicate that cash assistance provided in the REC local currency could contribute to local economic development and financial stability by sustaining local commerce, while preserving most of the original positive effects of cash assistance in a legal tender.

scholarly journals Analisa Pengembangan Ekonomi Lokal Desa Mojomalang Kecamatan Parengan Kabupaten Tuban

2021 ◽  
Vol 16 (2) ◽  
pp. 197-206
Author(s):  
Yusuf Hariyoko
Keyword(s):  
Economic Development ◽  
Local Economic Development ◽  
Local Economy ◽  
Local Potential ◽  
Study Approach ◽  
Job Opportunities ◽  
Innovation And Technology ◽  
Village Communities ◽  
Village Government ◽  
The Village

Based on Law Number 6 of 2014 concerning The Village, village development has to utilize the local economic resources. Mojomolang Village, as one of the developing villages based on the Building Village Index (BVI), does not yet have a local economy to develop. This study aims to analyze local economic development in Mojomolang Village. This research is qualitative with a case study approach. The data were collected through interviews and observations. Aspects of local economic development used as research parameters are locality, economic base, job opportunities, community resources, knowledge, and communication. The results of the study indicate that local economic development has not been well implemented in Mojomalang Village. The local potential has not been used optimally; local economy-based jobs are not yet available for village communities; the knowledge of human resources is still low, seen from the lack of utilization of innovation and technology. Based on this, the village government needs to develop local potential based on the economic sector of the majority of the community and take advantage of BUMDes to move the village community's economy. Abstrak Pembangunan desa menjadi ujung tombak setelah adanya Undang-Undang Nomor 6 Tahun 2014 tentang Desa. Indeks Desa Membangun (IDM) yang mengadopsi pendekatan pembangunan berkelanjutan mengharuskan adanya pemanfaatan sumber daya ekonomi lokal dalam rangka pembangunan desa yang inklusif. Desa Mojomolang, sebagai salah satu desa berstatus membangun berdasarkan IDM, belum memiliki pengembangan ekonomi lokal. Penelitian ini bertujuan untuk menganalisis pengembangan ekonomi lokal di Desa Mojomolang. Penelitian ini menggunakan metode kualitatif dengan pendekatan studi kasus. Pengambilan data dilakukan melalui wawancara dan observasi. Aspek pengembangan ekonomi lokal yang digunakan sebagai fokus penelitian adalah lokalitas, basis ekonomi, kesempatan kerja, sumberdaya komunitas, pengetahuan, dan komunikasi. Hasil penelitian menunjukkan bahwa pengembangan ekonomi lokal di Desa Mojomalang masih belum terlaksana. Lokalitas dan basis ekonomi sesuai potensi lokal masih belum tergarap dengan baik;  kesempatan dan lapangan kerja dari ekonomi lokal belum tersedia untuk masyarakat desa; aspek pengetahuan yang dimiliki SDM masih minim dilihat dari kurangnya pemanfaatan inovasi dan teknologi. Berdasarkan hal ini, maka pemerintah desa perlu mengembangkan potensi lokal yang berbasis pada sektor ekonomi mayoritas masyarakat atau sektor ekonomi buatan serta menggunakan BUMDes sebagai entitas baru dalam menggerakkan perekonomian masyarakat desa.

scholarly journals Disparitas Pendapatan dan Pengembangan Ekonomi Lokal di Kota Surabaya

2020 ◽  
Vol 22 (2) ◽  
pp. 325-334
Author(s):  
Nurullaili Mauliddah
Keyword(s):  
Random Sampling ◽  
Swot Analysis ◽  
Local Economic Development ◽  
Local Economy ◽  
City Government ◽  
Primary Data ◽  
Stratified Random Sampling ◽  
The Government ◽  
Quantitative Descriptive ◽  
The City

ABSTRACT The purpose of this study is to explain and find out whether local economic development in the city of Surabaya has been going well and have an impact on decreasing disparity between sub-districts in Surabaya. The research method used is quantitative descriptive with SWOT analysis and Williamson Index (IW). The instrument used in obtaining primary data was a questionnaire distributed to MSMEs under the guidance of the Surabaya City Government by sampling using Proportional Stratified Random Sampling. The results of the study illustrate the potential for the local economy to have been developed and facilitated by the government in the form of training, access to capital, facilitation of business legality, etc. However, the disparity between sub-districts is still relatively high with the calculation of the average Williamson Index of 0.5 in the period 2014-2018. Therefore, government intervention is still very much needed in developing the local economic potential of Surabaya City ABSTRAK Tujuan dari penelitian ini untuk menjelaskan dan mengetahui apakah pengembangan ekonomi lokal di Kota Surabaya telah berjalan dengan baik dan memberikan dampak terhadap penurunan disparitas antar wilayah kecamatan di Kota Surabaya. metode penelitian yang digunakan adalah deskriptif kuantitatif dengan alat analisis SWOT dan perhitungan Indeks Williamson (IW). Instrumen yang digunakan dalam menggali data primer adalah kuesioner yang disebar kepada pelaku UMKM binaan Pemerintah Kota Surabaya dengan pengambilan sampel menggunakan tehnik Proportional Stratified Random Sampling. Hasil penelitian menunjukkan potensi ekonomi lokal telah dikembangkan dan difaslitasi oleh pemerintah baik dalam bentuk pelatihan, akses modal, fasilitasi legalitas usaha dsb. Namun demikian, disparitas antar wilayah kecamatan masih tergolong tinggi dengan hasil perhitungan Indeks Williamson rata-rata dalam kurun waktu tahun 2014-2018 sebesar 0,5. Oleh karena itu, intervensi pemerintah masih sangat dibutuhkan dalam pengembangan potensi ekonomi lokal Kota Surabaya.  

The Systemic Effects of Prudential Regulation Toughening:The Results of a Stress-test for Russian Banks

2012 ◽  
pp. 4-31 ◽  
Author(s):  
M. Mamonov ◽  
A. Pestova ◽  
O. Solntsev
Keyword(s):  
Financial Services ◽  
Banking Sector ◽  
Stress Test ◽  
Credit Market ◽  
Capital Adequacy ◽  
Government Support ◽  
Government Ownership ◽  
Prudential Regulation ◽  
The Government ◽  
The Stability

The stability of Russian banking sector is threatened by three negative tendencies - overheating of the credit market, significant decrease of banks capital adequacy ratios, and growing problems associated with banks lending to affiliated non-financial corporations. The co-existence of these processes reflects the crisis of the model of private investments in Russian banking sector, which was observed during the last 20 years. This paper analyzes the measures of the Bank of Russia undertaken to maintain the stability of the banking sector using the methodology of credit risk stress-testing. Based on this methodology we conclude that the Bank of Russias actions can prevent the overheating of the credit market, but they can also lead to undesirable effects: further expansion of the government ownership in Russian banking sector and substitution of domestic credit supply by cross-border corporate borrowings. The later weakens the competitive positions of Russian banks. We propose a set of measures to harmonize the prudential regulation of banks. Our suggestions rely on design and further implementation of the programs aimed at developing new markets for financial services provided by Russian banks to their corporate and retail customers. The estimated effects of proposed policy measures are both the increase in profitability and capitalization of Russian banks and the decrease of banks demand for government support.

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