THE ROLE OF MICROFINANCE IN THE RURAL DEVELOPMENT PROCESS; CASE STUDY OF TANDEM HILIR II VILLAGE, HAMPARAN PERAK SUB DISTRICT, DISTRICT OF DELI SERDANG
- DOI
- 10.2991/icoposdev-17.2018.65How to use a DOI?
- Keywords
- microfinance, rural development process, empowerment
- Abstract
The potential of community fundraising in the villages through microfinance is actually very large, the through of institution of informal and semi-formal microfinance that is managed by the community itself, such as: credit unions, womens microfinance groups, grameen banks and “arisan” or “jula-jula” (the local tradition of micrifinance). The influence of microfinance so far is still limited to help the community in overcoming the risk of relative vulnerability level and small business activity in the scale is still very limited. Claims on the success of the microfinance program as a model of village development and helping the poor from the poorest are not proven. The position of microfinance has not been able to speak much; its influence is still very small in the rural development proces t in the village. Management of the microfinance institutions is still limited to small groups that are separate and have not been able to be assembled into a larger and stronger group at the village level with a wide range.
- Copyright
- © 2018, 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/).
Cite this article
TY - CONF AU - Mr Iswanto AU - Dadang Darmawan PY - 2017/10 DA - 2017/10 TI - THE ROLE OF MICROFINANCE IN THE RURAL DEVELOPMENT PROCESS; CASE STUDY OF TANDEM HILIR II VILLAGE, HAMPARAN PERAK SUB DISTRICT, DISTRICT OF DELI SERDANG BT - Proceedings of the International Conference on Public Policy, Social Computing and Development 2017 (ICOPOSDev 2017) PB - Atlantis Press SP - 312 EP - 317 SN - 2352-5398 UR - https://doi.org/10.2991/icoposdev-17.2018.65 DO - 10.2991/icoposdev-17.2018.65 ID - Iswanto2017/10 ER -