Sosiohumaniora
Vol 25, No 1 (2023): Sosiohumaniora: Jurnal Ilmu-Ilmu Sosial dan Humaniora, MARCH 2023

THE MODEL FOR IMPROVING BUSINESS PERFORMANCE USING MICROFINANCIAL INSTITUTIONS AND ENTREPRENEURSHIP COMPETENCIES

Erna Herlinawati (Management, Universitas Indonesia Membangun, Jl. Soekarno Hatta No.448, Bandung 40266)
Riyandi Nur Sumawidjaja (Management, Universitas Indonesia Membangun, Jl. Soekarno Hatta No.448, Bandung 40266)
Yoyo Sudaryo (rama.chandra@inaba.ac.id)
Rama Chandra Jaya (rama.chandra@inaba.ac.id)
Gurawan Dayona Ismail (Unknown)



Article Info

Publish Date
06 Mar 2023

Abstract

This paper will assess & present empirical evidence on the issue in order to better understand how Microfinance Institutions (MFIs) mediate entrepreneurial talents. The role of MFIs is evaluated based on their functions as a source of finance, facilitators for financial management, managerial management, and marketing management. Sales growth, profit growth, asset growth, employee growth, and market share growth are all ways to gauge a company’s performance. While entrepreneurial ability is assessed using technical, marketing, financial, and interpersonal abilities. The research approach is explanatory, with data collected through questionnaires and interviews. A sample of 150 SMEs sampled the population of 34,816 SMEs in West Java’s Greater Bandung region, Indonesia, using a proportionate random sampling approach. Structural Equation Modeling and a 5-point Likert scale were used to analyze the data collected (SEM). According to the findings, microfinance institutions can help businesses succeed by a small but significant amount. Business performance is positively and significantly impacted by entrepreneurial talents. The MFIS’s significance in influencing entrepreneurial skills expands in relation to corporate performance.

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Journal Info

Abbrev

sosiohumaniora

Publisher

Subject

Arts Humanities Economics, Econometrics & Finance Law, Crime, Criminology & Criminal Justice Social Sciences

Description

Jurnal Sosiohumaniora adalah jurnal berskala nasional yang mencakup kajian ilmu sosial dan humaniora. Jurnal ini menaruh perhatian pada persoalan gender, pemberdayaan masyarakat, lembaga dan administrasi publik, sistem pemerintahan lokal dan kesehatan masyarakat. Jurnal Sosiohumaniora akan ...