Peningkatan Literasi Keuangan Di Kampung Makan Rafel’s Jakarta Barat

Abstract

Kampung Makan Rafel's is a food court with the capacity of seven tenants in West Jakarta. The position of Kampung Makan Rafel's is strategic and surrounded by a number of offices and residential areas. The culinary offered is quite diverse, prices are within a reasonable range, but visitors who come are relatively limited. This causes tenants to experience financial distress due to low cash turnover. This phenomenon has triggered the existence of third parties offering lucrative online funding and investment offers. In an effort to overcome these problems, this Community Service program is aimed at increasing understanding of financial literacy for tenants and managers of Kampung Makan Rafel's. The education in the Community Service program has succeeded in increasing the financial literacy of tenants and managers of the Kampung Makan Rafel's. In addition, they are also willing to implement a simple cash flow recording. Thus, it is hoped that their business will survive continuously and grow.

Factors affecting household debt to moneylenders

“…Furthermore, the odds ratio is 0.530, which means that if a customer has high Islamic financial literacy, the opportunity to not use loan sharks is 0.530 times greater. The results of this study support the research by Paranita and Harahap (2020) that customers with a shared understanding of financial literacy tend to choose online application-based loans and even moneylenders who are considered more accessible without having to think about the consequences and bear very high interest costs.…”

“…The current phenomenon is a low level of public financial literacy. Research by Paranita and Harahap (2020) regarding increasing financial literacy in Rafel's West Jakarta eating village shows that the understanding of tenants regarding financial service products is still minimal, so they tend to choose online-based loans or loan sharks. Furthermore, based on research conducted by Darmawan and Fatiharani (2019), financial literacy influences a person's decision to take credit.…”

Business Financial Management Education During the Covid-19 Pandemic for Pasar Raya Street Vendors in Salatiga

“…The common understanding of the financial management of the street vendor business is very concerning. This is in line with the condition of the majority of micro business actors that they tend not to understand the concept of managing their business financial management (Jumhur, 2015;Anggraeni, 2016;Sudana et al, 2017;Suryani & Ramadhan, 2017;Hafifah, 2019;Paranita, 2020). This has prompted the holding of some training, mentoring, and community service programs.…”