Micro Finance Model of Agriculture in Supporting Economic Growth in Aceh

Muammar Khaddafi, Mohammad Heikal, Wahyuddin, Falahuddin and Arfan Ikhsan Lubis

International Journal of Academic Research in Business and Social Sciences, 2016, vol. 6, issue 11, 631-643

Abstract: The general objective of this study was to analyze the model of micro-financing of agriculture in order to develop the rural economy and support economic growth in Aceh. The specific purpose of this study is to identify and analyze the social and economic profile of households recipient farmer agricultural credit and micro enterprises in Aceh, to evaluate the performance of credit financing to the Government Bank Sector Micro Farms, identify prospects, challenges and constraints of microfinance institutions in microfinance lending farming in Aceh and analyze the sustainability of microfinance models of agriculture in Aceh, and formulate policies appropriate agricultural micro-financing in supporting economic growth in Aceh. Financing system analysis conducted qualitative description, including ease of access to credit, credit suitability, filing and retrieval mechanism of credit, smoothness, obstacles and constraints in lending, loan interest rate and loan repayment system including congestion anticipation loans. Determination of the effectiveness of microcredit agriculture Scoring is done via method. The effectiveness of agricultural micro-credit schemes assessed through monitoring and evaluation of the performance of some aspects of inputs, processes, outputs, outcomes, benefits and impact. Analysis of the sustainability of credit schemes analyzed based on financial viability, institutional viability (managerial), and the viability of the participants, Results of studies in which micro-financing system for farming and still there has been no financial institution that helps, financing done still in the form of government assistance to the farmers and there is no oversight of government ranging from distribution, so that harvesting and collection processes, outputs, outcomes, benefits and can not feel the impact in the community.

Keywords: Finance; Micro; Outcomes; Benefits and Impact (search for similar items in EconPapers)
Date: 2016
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Persistent link: https://EconPapers.repec.org/RePEc:hur:ijarbs:v:6:y:2016:i:11:p:631-643

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