The Roles of Financial Literacy on MSMEs Financial Inclusion

Buyung Adi Dharma () and Madziatul Churiyah
Additional contact information
Buyung Adi Dharma: Universitas Negeri Malang
Madziatul Churiyah: Universitas Negeri Malang

A chapter in Proceedings of the BISTIC Business Innovation Sustainability and Technology International Conference (BISTIC 2022), 2023, pp 337-346 from Springer

Abstract: Abstract Economic recovery due to the Covid-19 pandemic is being carried out by all countries in the world who are members of The Group of Twenty (G-20) Minister of Finance and Governor of Central Banks to avoid an economic recession. All economic actors globally are changing their new business strategies and tactics. Micro, Small and Medium Enterprises (MSMEs) owned by the Indonesian people have a major role in generating the country’s economy. Business people do not only have to always think innovatively and creatively but also have to make changes to the business system, especially in the financial sector. Financial literacy is still not reached by business actors. The financial system is taken for granted and has no particular impact on business. The recording of business financial flows is still common and only simple. The purpose of community service is to train and assist business actors in providing an understanding of financial literacy. Business people receive a project to develop a financial recording system that is integrated with technology. The results of the analysis show that business actors have a good level of understanding of financial literacy to improve the business financial recording system. Financial literacy training and mentoring can support more systematic business management and profitability.

Keywords: Economic Recession; Micro Small and Medium Enterprises (MSMEs); Financial Literacy (search for similar items in EconPapers)
Date: 2023
References: Add references at CitEc
Citations:

There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:spr:advbcp:978-94-6463-178-4_34

Ordering information: This item can be ordered from
http://www.springer.com/9789464631784

DOI: 10.2991/978-94-6463-178-4_34

Access Statistics for this chapter

More chapters in Advances in Economics, Business and Management Research from Springer
Bibliographic data for series maintained by Sonal Shukla () and Springer Nature Abstracting and Indexing ().