Comparison of Financial Literacy for Micro, Small and Medium Enterprises Entrepreneurs at Bojong Soang upon Using Financial Planning Application "SAKA (peSAK Abdi)"
Daftar Isi:
- Financial literacy – the cognition and skills in managing financial resources is one of the elements that determine the success of a business. It deals with the understanding on how to manage money, especially when the money for doing the business is assisted by financial services such as banks, insurance, pawnshops, and pension funds. In Micro Small Medium Enterprise (MSME), financial literacy plays a significant role. Thus, the Indonesian government pays serious attention to improve the financial literacy of entrepreneurs involved in MSMEs, to ensure that the enterprise can survive. MSMEs are supported by the government as their existence is in accordance with one of the government’s sustainable development goals, that is to alleviate poverty. Accordingly, this research is done to gain insight on MSME entrepreneurs’ financial intelligence by measuring their level of financial literacy and to find out problems that the entrepreneurs have in understanding finance. The respondents of the research is MSME entrepreneurs in Bojong Soang. The data is gained through Financial Fitness Quiz (FFQ) to measure the entrepreneurs’ financial behaviour and literacy. The data is taken twice, before and after they are trained to use the Financial Planning Application "SAKA (peSAK Abdi)". The before and after data are compared using the paired sample t test. The result shows a significantly different result before and after the training. Hence, the use of “SAKA (peSAK Abdi)" application shows a breakthrough in increasing the level of financial literacy of the MSME Entrepreneurs in Bojong Soang.