The Role of Microfinance Institutions in Supporting the Development of Micro, Small And Medium Enterprises

DOI

10.2991/assehr.k.200306.193How to use a DOI?

Keywords

microfinance institutions, medium enterprises, regional economy

Abstract

Microfinance Institutions (MFIs), created based on Law No 1 of the Year 2013 concerning Microfinance Institutions, aim to provide legal certainty and fulfill financial service needs for the poor and/or low-income people. Meeting the needs of financial services by increasing access to micro-scale funding, contributing to the increase in economic empowerment and community productivity, as well as increasing the income and welfare of the community. Thus, MFIs can be one of the effective solutions to support the development of Micro, Small and Medium Enterprises (MSMEs) due to their financial service procedures being more flexible and more affordable in rural areas. MSMEs are basically part of the poor who have the willingness and productive ability to improve people’s lives in the regions. MSMEs must be provided the widest access to obtain funding from MFIs. Hence, it is important to know the role of MFIs in supporting the development of MSMEs. associated with improving regional economies.

Copyright

© 2020, the Authors. Published by Atlantis Press.

Open Access

This is an open access article distributed under the CC BY-NC license (http://creativecommons.org/licenses/by-nc/4.0/).

Download article (PDF)

TY  - CONF
AU  - Muhammad Firdaus
AU  - Tan Kamello
AU  - Saidin
AU  - Sunarmi
PY  - 2020
DA  - 2020/03/13
TI  - The Role of Microfinance Institutions in Supporting the Development of Micro, Small And Medium Enterprises
BT  - Proceedings of the International Conference on Law, Governance and Islamic Society (ICOLGIS 2019)
PB  - Atlantis Press
SP  - 113
EP  - 116
SN  - 2352-5398
UR  - https://doi.org/10.2991/assehr.k.200306.193
DO  - 10.2991/assehr.k.200306.193
ID  - Firdaus2020
ER  -