Microfinance Managerial Capability Strategic Development of Female Street Vendors in Surabaya and Sidoarjo

Abstract

Most research on female entrepreneurs revealed that poor in capital capacity and managerial capability become the most problems for them to move ahead. These female street vendors poor of capability in microfinance management also become other crucial issue to be solved besides some other key issues on business planning, administrating, creating source of business financing, to survive in such competitive world. This study examines the effectiveness of financial management capability of female street vendors in strengthening their business capital and reducing the bankruptcy risk and poverty. This research conducted a survey and examined in-depth problem to get the formulation of the problems of female street vendors in facing and solving problems as alternative strategies to empower them. The Data techniques analysis used in this study is descriptive analysis techniques which were used to examine the specific characteristics and profile formulation of female street vendors in the area. Descriptive analysis techniques supported by statistical analysis techniques using logistic regression to describe the methods of business financial management female street vendors in Surabaya and Sidoarjo. The result of this research shows that the main problems faced by female street vendors in Surabaya and Sidoarjo is lack of capability in making bargaining power in competitive rigidity to larger range similar business and lack of capability in financial management strategic development. The most effective method in strengthening the female street vendors is by making similar range on their business to be one specific group that is accommodated in association supported by the government