Financial Management based on Catur Purusa Artha in Microcredit Finance (LPD)

Ni Komang Urip Krisna Dewi (), Nyoman Angga Pradipa and Kadek Dian Jatiwardani
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Ni Komang Urip Krisna Dewi: Politeknik Negeri Bali, Accounting Department
Nyoman Angga Pradipa: Politeknik Negeri Bali, Accounting Department
Kadek Dian Jatiwardani: Politeknik Negeri Bali, Tourism Department

A chapter in Proceedings of the International Conference on Sustainable Green Tourism Applied Science - Social Applied Science 2024 (ICoSTAS-SAS 2024), 2024, pp 345-351 from Springer

Abstract: Abstract The Village Credit Institution (LPD) is a unique financial institution in Bali. LPD is managed by village residents (banjar). LPD has an important role in supporting the economic growth of the community on the island of Bali. Even though LPDs have a vital position in Bali, several LPDs have experienced bankruptcy due to poor financial management and fraud prevention. LPD in Bali strives to manage management based on local Balinese values to avoid bankruptcy. One of the local values applied is Catur Purusa Artha. Catur Purusa Artha are the four goals of human life. This research aims to analyze financial management and prevention of fraud based on the values of the Catur Purusa Artha philosophy in Village Credit Institutions (LPD). This research uses a qualitative approach with a case study method. Informants are informants at LPD X and other related informants. Data collection was carried out by interviews, non-participant observation, and documentation. The novelty in this research is that previous researchers only focused on those based on Tri Hita Karana. Researchers tried to explore different values, namely the Catur Purusa Artha value. The result found that LPD actualizes Catur Purusa Artha in managing finances in LPD. Catur Purusa Artha consists of four balanced and harmonious life goals, consisting of Dharma (virtue), Artha (prosperity), Kama (desire), and Moksa (liberation). LPD’s actualization in interpreting Catur Purusa Artha in financial prevention and management is not only actualized for the community/personal interests of LPD, but also for nature or the environment.

Keywords: Catur Purusa Artha; Financial Management; Microcredit Finance (search for similar items in EconPapers)
Date: 2024
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Persistent link: https://EconPapers.repec.org/RePEc:spr:advbcp:978-94-6463-622-2_38

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DOI: 10.2991/978-94-6463-622-2_38

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