Main Article Content

Abstract

Poor people in Indonesia are mostly found in village region. 63% of the total poor people in Indonesia and majority of village people work as a farmer. The role of Islamic Microfinance Institution such as Islamic Cooperative is to increase the farmers income who has been the member of its cooperative. The purposes of the research are to analyze the difference of farmers’ income before and after applying the equity-based financing to islamic microfinance institution by using Paired T Test, and analyze which factors were affecting the farmers’ income in case study of farmers as the member of Islamic Cooperative Al-Ittifaq and used Ordinary Least Square method. The result shows that Islamic microfinance program signifcantly and positively affect the farmers income. The variables that significantly affect the income are size of financing taken by respondents, duration of membership, distance between farmer’s house and cooperative, and background of farmers’ education.

Article Details

References

  1. Ab Manan, S. K., Saleh, N. E. P., Kamarudin, M. F., & Haryadi, A. (2013). Sustainability of Islamic micro finance institutions (IMFIs). Universal Journal of Accounting and Finance, 1(2), 70–77. https://doi.org/10.13189/ujaf.2013.010205
  2. Agustania, V. (2009). Faktor-faktor yang mempengaruhi kelancaran pengembalian kredit usaha rakyat (KUR) (Studi kasus PT BRI Unit Cimanggis). Bogor Agricultural University. Retrieved from http://repository.ipb.ac.id/handle/123456789/15458
  3. Ahmed, H. (2002). Financing microenterprises: An analytical study of Islamic microfinance institution. Islamic Economic Studies, 9(2), 27–64. Retrieved from http://www.irti.org/English/Research/Documents/IES/112.pdf
  4. Asih, M. (2007). Analisis faktor-faktor yang mempengaruhi pengembalian kredit pengusaha kecil pada program kemitraan corporate social responsibility (Studi kasus PT. Telkom Divre II Jakarta). Bogor Agricultural University. Retrieved from http://repository.ipb.ac.id/handle/123456789/15160
  5. Badan Pusat Statistik. (2016). Jumlah penduduk miskin menurut provinsi di Indonesia 2013-2016. Jakarta, Indonesia: Badan Pusat Statistik. Retrieved from ttp://bps.go.id/ linkTableDinamis/view/id/1119
  6. Beik, I. S., & Aprianti, W. N. (2013). Analisis faktor-faktor yang memengaruhi pembiayaan bank syariah untuk sektor pertanian di Indonesia. Jurnal Agro Ekonomi, 31(1), 19–36. https://doi.org/10.21082/jae.v31n1.2013.19-36
  7. Darwis, V., & Rusastra, I. W. (2011). Optimalisasi pemberdayaan masyarakat desa melalui sinergi program PUAP dengan desa mandiri pangan. Analisis Kebijakan Pertanian, 9(2), 125–142. https://doi.org/10.21082/akp.v9n2.2011.125-142
  8. Firdaus, M., & Harmini, A. (2011). Aplikasi metode kuantitatif untuk manajemen dan bisnis. Bogor, Indonesia: IPB Press.
  9. Karim, M. R., Tania, S., & Farazi, M. M. R. (2012). Role of micro-credit in poverty alleviation of rural poor: Evidence from Laxmipur District of Bangladesh. Journal of Business and Technology (Dhaka), 7(2), 37–55. https://doi.org/10.3329/jbt.v7i2.16453
  10. Nasution, Z. (2016). Model pembiayaan syariah untuk sektor pertanian. Dinar: Jurnal Ekonomi Dan Keuangan Islam, 1(1). Retrieved from http://journal.trunojoyo.ac.id/dinar/article/view/2701
  11. Nawai, N., & Mohd Shariff, M. N. (2012). Factors affecting repayment performance in microfinance programs in Malaysia. Procedia - Social and Behavioral Sciences, 64, 806–811. https://doi.org/10.1016/j.sbspro.2012.09.136
  12. Pusat Pengkajian dan Pengembangan Ekonomi Islam. (2007). Ekonomi Islam. Jakarta, Indonesia: Rajawali Press.
  13. Rahman, M. M. (2010). Islamic micro-finance and its impact on rural poverty alleviation. The International Journal of Banking and Finance, 7(1), 119–138. Retrieved from http://epublications.bond.edu.au/ijbf/vol7/iss1/7
  14. Riwajanti, N. I. (2013). Islamic microfinance as an alternative for poverty alleviation: A survey. Afro Eurasian Studies, 2(1 & 2), 254–271. Retrieved from http://www.afroeurasianstudies.net/dosyalar/site_resim/veri/9358279.pdf
  15. Sabiti, M. B., & Effendi, J. (2017). Islamic microfinance and its impact on poverty reduction in Bogor. Signifikan: Jurnal Ilmu Ekonomi, 6(1), 87–102. https://doi.org/10.15408/sjie.v6i1.4337
  16. Seibel, H. D. (2008). Islamic microfinance in Indonesia: The challenge of institutional diversity, regulation, and supervision. Sojourn: Journal of Social Issues in Southeast Asia, 23(1), 86–103. https://doi.org/10.1355/sj23-1d
  17. Soemitra, A. (2009). Bank dan lembaga keungan syariah. Jakarta, Indonesia: Kencana Prenada Media Group.
  18. Suzuki, Y., Pramono, S., & Rufidah. (2016). Islamic microfinance and poverty alleviation program: Preliminary research findings from Indonesia. Share: Jurnal Ekonomi Dan Keuangan Islam, 5(1), 63–82. https://doi.org/10.22373/share.v5i1.910
  19. Tambunan, T. (2009). UMKM di Indonesia. Bandung, Indonesia: Ghalia Indonesia.
  20. Usman, A. S., & Tasmin, R. (2016). The role of Islamic micro-finance in enhancing human development in Muslim countries. Journal of Islamic Finance, 5(1), 53–62. Retrieved from http://journals.iium.edu.my/iiibf-journal/index.php/jif/article/view/111
  21. Widiyanto, Mutamimah, S., & Hendar. (2011). Effectiveness of qard al-hasan financing as a poverty alleviation model. Economic Journal of Emerging Markets, 3(1), 27–42. https://doi.org/http://journal.uii.ac.id/index.php/JEP/article/view/2318
  22. Wulandari, P., & Kassim, S. (2016). Issues and challenges in financing the poor: case of Baitul Maal Wa Tamwil in Indonesia. International Journal of Bank Marketing, 34(2), 216–234. https://doi.org/10.1108/IJBM-01-2015-0007