Proceedings of the BISTIC Business Innovation Sustainability and Technology International Conference (BISTIC 2022)

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The Roles of Financial Literacy on MSMEs Financial Inclusion

Authors
Buyung Adi Dharma1, *, Madziatul Churiyah1
1Universitas Negeri Malang, Malang, Indonesia
*Corresponding author. Email: buyung.adi.fe@um.ac.id
Corresponding Author
Buyung Adi Dharma
Available Online 16 May 2023.
DOI
10.2991/978-94-6463-178-4_34How to use a DOI?
Keywords
Economic Recession; Micro Small and Medium Enterprises (MSMEs); Financial Literacy
Abstract

Economic recovery due to the Covid-19 pandemic is being carried out by all countries in the world who are members of The Group of Twenty (G-20) Minister of Finance and Governor of Central Banks to avoid an economic recession. All economic actors globally are changing their new business strategies and tactics. Micro, Small and Medium Enterprises (MSMEs) owned by the Indonesian people have a major role in generating the country’s economy. Business people do not only have to always think innovatively and creatively but also have to make changes to the business system, especially in the financial sector. Financial literacy is still not reached by business actors. The financial system is taken for granted and has no particular impact on business. The recording of business financial flows is still common and only simple. The purpose of community service is to train and assist business actors in providing an understanding of financial literacy. Business people receive a project to develop a financial recording system that is integrated with technology. The results of the analysis show that business actors have a good level of understanding of financial literacy to improve the business financial recording system. Financial literacy training and mentoring can support more systematic business management and profitability.

Copyright
© 2023 The Author(s)
Open Access
Open Access This chapter is licensed under the terms of the Creative Commons Attribution-NonCommercial 4.0 International License (http://creativecommons.org/licenses/by-nc/4.0/), which permits any noncommercial use, sharing, adaptation, distribution and reproduction in any medium or format, as long as you give appropriate credit to the original author(s) and the source, provide a link to the Creative Commons license and indicate if changes were made.

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Volume Title
Proceedings of the BISTIC Business Innovation Sustainability and Technology International Conference (BISTIC 2022)
Series
Advances in Economics, Business and Management Research
Publication Date
16 May 2023
ISBN
978-94-6463-178-4
ISSN
2352-5428
DOI
10.2991/978-94-6463-178-4_34How to use a DOI?
Copyright
© 2023 The Author(s)
Open Access
Open Access This chapter is licensed under the terms of the Creative Commons Attribution-NonCommercial 4.0 International License (http://creativecommons.org/licenses/by-nc/4.0/), which permits any noncommercial use, sharing, adaptation, distribution and reproduction in any medium or format, as long as you give appropriate credit to the original author(s) and the source, provide a link to the Creative Commons license and indicate if changes were made.

Cite this article

risenwbib
TY  - CONF
AU  - Buyung Adi Dharma
AU  - Madziatul Churiyah
PY  - 2023
DA  - 2023/05/16
TI  - The Roles of Financial Literacy on MSMEs Financial Inclusion
BT  - Proceedings of the BISTIC Business Innovation Sustainability and Technology International Conference (BISTIC 2022)
PB  - Atlantis Press
SP  - 337
EP  - 346
SN  - 2352-5428
UR  - https://doi.org/10.2991/978-94-6463-178-4_34
DO  - 10.2991/978-94-6463-178-4_34
ID  - Dharma2023
ER  -