Financial Literacy and BUMDES revitalization on SMEs’ sustainability in the period of Covid-19 Pandemic
Corresponding Author(s) : Marsdenia Marsdenia
Prosiding International Conference on Sustainable Innovation (ICoSI),
Vol. 2 No. 1 (2022): Optimizing Global Benefit for Future Wellbeing
Abstract
This article aims to give a new insight regarding the revitalization of BUMDES on going concern of SMEs and elaborate how
SMEs actor should literate in financial matters in order to manage SMEs in proper way. This paper try to study on SMEs in two
different locations of different islands, there are Sumatera island and Java island. The different location of SMEs provides
different characterictic of community in social, culture and demography which should take in our consideration in developing
SMEs to achive of SMEs’ sustainability. As we know, SMEs business also suferred of covid-19 pandemic since SMEs majority
related to small and medium amount of capital. This paper using qualitative method and confirmed the result through indepth
interview to key person such as Kepala Desa (Head of Village), SMEs actor, and many more The study revealed the level of
financial literation of SMEs actor contributed on the SMEs sustainability, at minimal level of moderate level and BUMDES play
a significant role not only to support SMEs cashflow but also in motivating SMEs actor to manage and run business in efficient
and effective way. Suggestion to government to released policy in supporting this conclusion for SMEs in the future. This study
have limitations since study only in two locations, so the extends of SMEs location will come up to more conclusive and increase
the generalization of this study.
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