Proceedings of the 5th International Conference on Tourism, Economics, Accounting, Management and Social Science (TEAMS 2020)

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The Role of Village Micro-Finance Institution Towards Rural Development

Authors
I Nengah Suarmanayasa, Gede Putu Agus Jana Susila, I Wayan Cipta
Corresponding Author
I Nengah Suarmanayasa
Available Online 14 December 2020.
DOI
10.2991/aebmr.k.201212.016How to use a DOI?
Keywords
Performance, Rural development, Village micro-finance institution
Abstract

The third Nawa Cita requires development to be started from villages and outskirts. Village as a source of progress in Indonesia still has various problems. One of the problems that is faced by the rural communities is the lack of capital access. This limitation is considered as the main cause of the development delays in villages. For this reason, village financial institutions, such as Village Micro-Finance Institutions (Lembaga Perkreditan Desa—LPD), are important to be optimized. This study aims to determine the role of LPD towards village development. Descriptive qualitative method was used for this study. Financial reports, articles, books, and descriptions regarding the role of LPD towards village development were used as the data. The result of this study found that LPD has a significant role towards village development in Bali Province. The role of LPD is reflected economically, socially, and religiously. In accordance with the mandate of Regional Government Regulation No. 3 year 2017, LPD is obliged to give about 20% of the profits for village development, and 5% for social funds. These funds are allocated to the village for poverty alleviation, improving the quality of education and providing business opportunities for rural communities.

Copyright
© 2020, 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/).

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Volume Title
Proceedings of the 5th International Conference on Tourism, Economics, Accounting, Management and Social Science (TEAMS 2020)
Series
Advances in Economics, Business and Management Research
Publication Date
14 December 2020
ISBN
10.2991/aebmr.k.201212.016
ISSN
2352-5428
DOI
10.2991/aebmr.k.201212.016How to use a DOI?
Copyright
© 2020, 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

risenwbib
TY  - CONF
AU  - I Nengah Suarmanayasa
AU  - Gede Putu Agus Jana Susila
AU  - I Wayan Cipta
PY  - 2020
DA  - 2020/12/14
TI  - The Role of Village Micro-Finance Institution Towards Rural Development
BT  - Proceedings of the 5th International Conference on Tourism, Economics, Accounting, Management and Social Science (TEAMS 2020)
PB  - Atlantis Press
SP  - 123
EP  - 127
SN  - 2352-5428
UR  - https://doi.org/10.2991/aebmr.k.201212.016
DO  - 10.2991/aebmr.k.201212.016
ID  - Suarmanayasa2020
ER  -