ANALISIS PENGUATAN MODAL SOSIAL DALAM MENGELOLA RISIKO KREDIT MACET: STUDI PADA KOPERASI MITRA MANINDO, MANDAILING NATAL, SUMATERA UTARA

Lokot Zein Nasution
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Abstract

The performance of microcredit in Indonesia is the highest in the world, both in terms of program aspects and nominal financing. However, high performance is still accompanied by a high level of NPL, which still has a low impact on poverty reduction. This fact leads to the assessment that the expansion of the micro-credit program in Indonesia is basically still not managed ideally. Theoretically, the ideal governance of microcredit refers to the ability of the organization / company to capture the poor and be able to transform it into more prosperous. The only capital that is inherent in the poor is social capital, so optimizing it is governance that is considered ideal. Based on these problems, this study aims to find out how social capital can be the key to success in minimizing the risk of microcredit. Based on the Treatment Effect analysis conducted on 249 respondents, the results showed that the impact of social capital realized through group loans was a determinant factor in increasing the profitability of members’ businesses. This success is due to the advantages of group loans that are able to create values of social capital, namely: (i) togetherness values; (ii) openness value; (iii) the value of deliberation; (iv) value of mutual trust; (v) discipline value; and (vi) the value of responsibility. The six values have impacted two important things, namely: (i) changes in member behavior; and (ii) the development of member businesses. The findings of this study can be a model in constructing the importance of social capital in minimizing the risk of microcredit.

Keywords

micro credit; social capital; joint liability lending

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