Measuring The Financial Performance of Kojero Savings and Loan Cooperatives Using The Pearls Approach: A Comparative and Trend Analysis

Rio Baviga; Kasman Karimi; Reni Yuliviona

doi:10.63922/ijbqr.v4i03.5320

Rio Baviga Sekolah Tinggi Ilmu Ekonomi Sakti Alam Kerinci
Kasman Karimi Universitas Bung Hatta Padang
Reni Yuliviona Universitas Bung Hatta Padang

DOI: https://doi.org/10.63922/ijbqr.v4i03.5320

Keywords: Financial Performance, PEARLS Model, Comparative Analysis, Trend Analysis

Abstract

This study aims to evaluate the financial performance of KSP Kojero for the 2019-2023 period using the PEARLS model through comparative and trend analysis methods. The data used in this study are the annual financial reports of KSP CU Mekar Maju. The results of the study indicate that: (1) Protection aspects P1 and P2 are in a very healthy condition, with reserves reaching 100%-333%. (2) The financial structure is generally healthy, although the institutional capital (E9) is still below the target of 10%. (3) Asset quality (A1) shows an improving trend, although the default rate is still slightly above 5%. (4) The cooperative shows high efficiency with a stable operating cost ratio at 5% and a significant increase in member savings returns (R7) reaching 10.6% in 2023. Overall, the financial performance of KSP CU Mekar Maju is categorized as healthy and shows sustainable growth.

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