Islamic Micro Finance: Fighting Moneylenders (A Capital Strengthening Efforts for Traditional Market Traders)

ADRI International Journal of Business and Economic

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Title Islamic Micro Finance: Fighting Moneylenders (A Capital Strengthening Efforts for Traditional Market Traders)
Creator Sabirin, Sabirin
Persadanta, Jeremia
Subject Capital; Traditional Market Traders; Moneylenders; Micro Sharia Financial Institutions
Description Capitalization in business is very important because if we don’t have enoughcapital on our business, it can limiting our business movement, especially fortraditional market traders, limitation of capital can hold up the opportunity togain the optimal revenues to maintain the viability of their business. Howeverbecause some factors, like complicated administration if they have toborrowing money from a bank or micro financial institutions, whether isprincipled conventional or sharia, at the end of this condition made tradersfrom traditional market trapped in informal financial institution, that is rentenir(loan sharks) or also known as moneylenders. Inovation is needed todeveloping micro sharia financial institution to a primary source of capital fortraders at traditional market so they will be spared from bondage moneylenderswho would trouble them in the future. Apart being an easy primary source fortheir capital, the participants will also get mentoring and empowermentprogram, so that their business continuity can be assured. This paper discussesthe development model of "Islamic microfinance institutions" Islamic MicroFinance: Melati (Fighting Moneylenders). The method that used in thinresearch is explorative descriptive by analyzing the right strategy to developingmicro sharia financial institution in Indonesia. Islamic Micro Finance : Melati(Fighting Moneylenders) is a commercial institution that also prioritizes socialfunctions. Islamic Micro Finance : Melati (Fighting Moneylenders) is providingfinancing acitvity to the participants to start a business with the more easyrequirements and provide mentoring and empowerment program, so thatbusiness continuity can be guaranteed and traders would be free from thepractice of moneylenders (Loan Sharks)
Publisher ADRI
Date 2017-05-30
Type info:eu-repo/semantics/article
Peer-reviewed Article
Format application/pdf
Source ADRI International Journal of Business and Economic; Vol 1, No 1 (2017): May 2017; 8-15
Language eng
Rights Copyright (c) 2017 ADRI International Journal of Business and Economic

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