Weni Hawariyuni

Microfinance plays a crucial role in alleviating poverty, and also in enhancing the business performance. Grameen Bank in Bangladesh, BancoSol in Bolivia, and Bank Rakyat Indonesia (BRI/ Indonesia People Bank) are the successful microfinance institutions (MFIs) in the world. These MFIs are not only successful in eradicating poverty, but also in motivating the business performance of enterprise, particularly the micro and small enterprises in their own country. This study focuses on the determinants of the success of female microenterprise in receiving KUR (Kredit Usaha Rakyat/ Credit loan for Small People) from one of the successful microfinance institutions, namely, BRI Unit in Medan City, North Sumatra, Indonesia. This study applies the methodology of the before and after approach for measuring the success. It utilizes some financial indicators to measure the success of the microenterprises, namely income, fixed assets, and household expenditure. The findings show that financing i...

The present study seeks to examine empirically the antecedents of internet intention and adoption of young creative entrepreneur by applying the conceptual theory of technology acceptance model (TAM). There were 237 respondents indicated as young entrepreneur in the creative industries in Malaysia. A close ended questionnaire was designed to tap into the owner’s perception on perceived usefulness of the internet, perceived ease of use of the internet, and perceived credibility on the internet technology, intention to use the latest technology and adoption of the current internet for the business itself. Seven hypothesised relationships were tested in the structural model of internet adoption. Structural Equation Modeling (SEM) using AMOS 24.00 was conducted to establish and validate a hypothesised model. The data was analysed using path analysis of structural equation modeling (SEM) to test the causal and mediating effects amongst exogenous and endogenous variables. Based on the ana...

This study attempts to explore the performance of microenterprise before and after accessing BRI’s microproducts. It also attempts to compare the performance between the microenterprises which have access to KUPEDES and KUR products. The performance of the microenterprises is measured in terms of income, fixed assets, and household expenditures. In this regard, it focuses specifically on BRI Units located in Medan City, Indonesia. This study uses descriptive analysis as methodology. The main finding indicates that KUPEDES as original product of BRI Unit is more effective than KUR which is micro product subsidized by Indonesian government. This study also found that there are still some problems faced by microenterprises in accessing microloan. It is expected that policy makers of microfinance institutions (MFIs), including the BRI Unit and Indonesian government could solve the common problems faced by MSMEs, such as financing, raw materials, marketing, advanced technology, and other...

Objective – This study proposes a conceptual framework of Zakat based management model using blockchain technology with its transparent, secure, auditable, and efficient system in order to enhance the trust in zakat agencies. Design/methodology – This study is based on literature and theoretical reviews. This study took BAZNAS as the model of the Indonesian zakat agency to use Blockchain-based zakat payment on which zakat payers can track the fund allocated to the beneficiaries directly. Results – This research demonstrates the importance of Blockchain and smart contract technologies in zakat management by developing a model that combines zakat management agencies with the components of Blockchain and smart contract technologies. Research limitations/implications – The proposed model can contribute to the sustainability and efficiency of zakat agencies and is in line with the poverty eradication effort in Indonesia.

Microfinance is known as one of the crucial tools in eradicating poverty and improving the performance of micro entrepreneur. Microfinance was established as the reluctance of formal financial institutions, specifically commercial banks in delivering the microcredit for the poor people. Nowadays, we have varieties of microfinance institutions including Grameen Bank in Bangladesh which was founded by Prof Muhammad Yunus, BancoSol program in Bolivia, and Bank Rakyat Indonesia Micro banking (BRI Unit) in Indonesia. These three microfinance institutions recorded its success in eradicating poverty and enhancing microenterprise performance. There is great demand from Muslim countries to found Islamic microfinance as microfinance demonstrates its achievement in eradicating poverty and enhancing the performance of microenterprise. The aim of Islamic microfinance is providing financial services based on shariah compliance. In this regard, some scholars have been developed some Islamic microf...

DESCRIPTION Abstract Purpose – This study aims to investigate the effectiveness of microfinance in contributing towards the success of microenterprises. By focusing on the case of Bank Rakyat Indonesia (BRI) through its offering of the KUPEDES microproduct, the success of microenterprises is assessed using three performance measurements, namely income, fixed assets, and household expenditures. Design/Methodology/Approach – This study adopts the survey method to determine the performance of the microenterprises before and after the microfinance intervention. The survey was executed from November 2009 to December 2009 on 400 microfinance clients in the area surrounding Medan city, Indonesia. Findings – This study finds that the KUPEDES microfinance has positive effect in contributing towards the success of microenterprises in terms of income, fixed assets, and household expenses. It also demonstrates that the kind of businesses operated significantly influence the success of the micro...

DESCRIPTION Abstract Purpose – This study aims to investigate the effectiveness of microfinance in contributing towards the success of microenterprises. By focusing on the case of Bank Rakyat Indonesia (BRI) through its offering of the KUPEDES microproduct, the success of microenterprises is assessed using three performance measurements, namely income, fixed assets, and household expenditures. Design/Methodology/Approach – This study adopts the survey method to determine the performance of the microenterprises before and after the microfinance intervention. The survey was executed from November 2009 to December 2009 on 400 microfinance clients in the area surrounding Medan city, Indonesia. Findings – This study finds that the KUPEDES microfinance has positive effect in contributing towards the success of microenterprises in terms of income, fixed assets, and household expenses. It also demonstrates that the kind of businesses operated significantly influence the success of the micro...

DESCRIPTION Abstract Purpose – This study aims to investigate the effectiveness of microfinance in contributing towards the success of microenterprises. By focusing on the case of Bank Rakyat Indonesia (BRI) through its offering of the KUPEDES microproduct, the success of microenterprises is assessed using three performance measurements, namely income, fixed assets, and household expenditures. Design/Methodology/Approach – This study adopts the survey method to determine the performance of the microenterprises before and after the microfinance intervention. The survey was executed from November 2009 to December 2009 on 400 microfinance clients in the area surrounding Medan city, Indonesia. Findings – This study finds that the KUPEDES microfinance has positive effect in contributing towards the success of microenterprises in terms of income, fixed assets, and household expenses. It also demonstrates that the kind of businesses operated significantly influence the success of the micro...

DESCRIPTION Abstract Purpose – This study aims to investigate the effectiveness of microfinance in contributing towards the success of microenterprises. By focusing on the case of Bank Rakyat Indonesia (BRI) through its offering of the KUPEDES microproduct, the success of microenterprises is assessed using three performance measurements, namely income, fixed assets, and household expenditures. Design/Methodology/Approach – This study adopts the survey method to determine the performance of the microenterprises before and after the microfinance intervention. The survey was executed from November 2009 to December 2009 on 400 microfinance clients in the area surrounding Medan city, Indonesia. Findings – This study finds that the KUPEDES microfinance has positive effect in contributing towards the success of microenterprises in terms of income, fixed assets, and household expenses. It also demonstrates that the kind of businesses operated significantly influence the success of the micro...

This study aims to investigate the effectiveness of different microfinance model in enhancing the performance of microenterprises in terms of income, fixed assets, and household expenditures. By focusing on the case of Bank Rakyat Indonesia, one of the most successful commercial microfinance providers in the world, two types of microfinance products, namely KUPEDES and KUR are being compared. The KUPEDES is original product of BRI Unit, while the KUR is a micro-product subsidized by the Indonesian government. Based on the experience of BRI Unit in Medan city, Indonesia, we assess the impact of microfinance intervention on 400 clients. The findings demonstrated that KUPEDES as original microproduct is more successful compared to KUR product in enhancing the performance of microenterprise through income, fixed assets, and household expenditures as successful indicators. Keywords: Microfinance, Intervention, Microenterprises, Performance, Indonesia

This study focuses on the determinants of the success of microenterprise owners in receiving loan from one of the successful microfinance institutions in the world, namely BRI Unit in Medan city, North Sumatra, Indonesia. This study applies the methodology before and after approach for measuring the success. It utilizes some financial indicators to measure the success of the microenterprises such as income, fixed assets, and household expenditures. The findings found financing in terms of amount of loan accessed has positive relationship with success indicators in terms of changes in income and fixed assets. However, it does not have positive relationship with changes in household expenditures. In the meantime, firm characteristics in terms of dummy variable for type of business of food and household facilities and necessities have positive relationship with changes in income. In conclusion, financing, firm characteristics, and household characteristics are the factors that determin...