From Microfinance to ‘‘Gintingan’’: Reinventing Local Institutions for Poverty Reduction in Indonesia

Abstract

Poverty has been acknowledged as a fundamental problem in development. It is so pervaded so the United Nations's has put 'no poverty' as the first objective to be achieved in the Sustainable Development Goals (SDGs). As a 15 th biggest countries in the world in terms of Gross Domestic Product, Indonesia are has been struggling in combating poverty with the increased proportion of inequality and most of its inhabitants are economically vulnerable. Although Microfinance has been believed as a tool to reduce poverty, however, various recent researches on the microfinance impact on poverty reduction have shown pessimistic results. This paper discusses the recent issues in the development figures of Indonesia, including the role of microfinance in poverty alleviation, which has been criticized and concluded by the discussion about an indigenous local institution of 'Gintingan' in rural area of West Java and how it has been contributing to Sustainable Community Development in Indonesia.

Reinventing Higher Education Bureaucracy through Entrepreneurial Values

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