• ISSN: 2010-023X (Print)
    • Abbreviated Title: Int. J. Trade, Economics and Financ.
    • Frequency: Quaterly
    • DOI: 10.18178/IJTEF
    • Editor-in-Chief: Prof.Tung-Zong (Donald) Chang
    • Managing Editor: Ms. Shira. W. Lu
    • Abstracting/ Indexing:  Crossref, CNKI, EBSCO

    • Article Processing Charge (APC): 500 USD

    • E-mail: ijtef.editorial.office@gmail.com

IJTEF 2021 Vol.12(1): 9-15 ISSN: 2010-023X
DOI: 10.18178/ijtef.2021.12.1.686

Descriptive Analysis of Financial Literacy SMEs in Bandung

Asni Harianti, Maya Malinda, Miki Tjandra, and Devas Kambuno

Abstract—One of the supporting factors for the success of MSME is determined by the intelligence of managing finances or known as financial literacy. Financial literacy is a basic requirement that must be possessed by MSME entrepreneurs which is closely related to the knowledge of personal and business financial management, as well as knowledge to gain access to capital through financial services or institutions. This descriptive study aims to see a picture of the level of financial literacy in SMEs in Bandung. The type of data used in this study are primary data and secondary data Primary data obtained through surveys using a questionnaire to see the level of financial literacy (Financial Fitness Quis / FFQ) developed by O'Neil. The questionnaire consisting of 20 practical financial statements, covering 5 (five) dimensions of financial management, was distributed to 343 SMEs in the city of Bandung. Secondary data obtained through observation and study of literature relating to research problems. The results of the study show that MSMEs in the city of Bandung must take actions that need to be considered in the future to improve their finances to avoid financial difficulties. As a form of concern for MSMEs in the city of Bandung and as a form of support for the government, researchers are trying to alleviate the illiteracy of financial actors of MSMEs through appropriate financial management training and making of a simple financial application program SAKA (peSAK Abdi).

Index Terms—Small Medium Entreprises (SMEs), Bandung, financial literacy, financial apps pe-SAK Abdi.

The authors are with the Universitas Kristen Maranatha, Jl Suria Sumantri No. 65, Bandung, Indonesia (e-mail: asni.harianti@eco.maranatha.edu, maya.malinda@eco.maranatha.edu, mikitjan@gmail.com, 1752087@eco.maranatha.edu).


Cite: Asni Harianti, Maya Malinda, Miki Tjandra, and Devas Kambuno, "Descriptive Analysis of Financial Literacy SMEs in Bandung," International Journal of Trade, Economics and Finance vol.12, no.1, pp. 9-15, 2021.

Copyright © 2021 by the authors. This is an open access article distributed under the Creative Commons Attribution License which permits unrestricted use, distribution, and reproduction in any medium, provided the original work is properly cited (CC BY 4.0).


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