The Dynamics of Implementing Social-Based Financing Schemes: A Case Study on the Integration of Microfinance and the Free Nutritious Meal (MBG) Program in Lampung Province to Support MSME Sustainability
Keywords:
Microfinance, MBG, UMKM, Social Financing, Lampung
Abstract
This study aims to analyze the dynamics of the implementation of social-based financing schemes through the integration of microfinance and the Free Nutritional Meal Program (MBG) in Lampung Province, as well as its impact on the sustainability of MSMEs. With a qualitative approach and multiple case study design, data were collected through in-depth interviews, and policy documentation from three regions in Lampung. The results show that the integration of microfinance–MBG contributes to increasing the economic resilience of MSMEs, although there are still challenges in institutional coordination and policy consistency. This study provides recommendations for improving cross-sectoral policy design and strengthening local capacity.
References
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Ouattara, N., Xueping, X., BI, T. B. A. Y., Traoré, L., Ahiakpa, J. K., & Olounlade, O. A. (2020). Determinants of smallholder farmers’ access to microfinance credits: A case study in Sassandra-Marahoué District, Côte d’Ivoire. Agricultural Finance Review, 80(3), 401–419. https://doi.org/10.1108/AFR-07-2019-0075
Panjinegara, P., Nadzri, F. A. A., & Yusuf, S. N. S. (2023). Governance Of Kredit Usaha Rakyat, A Microfinance With Government Credit Guarantee Scheme. Proceedings of the International Conference in Technology, Humanities and Management (ICTHM 2023), 12-13 June, 2023, Istanbul, Turkey, 131, 1041–1050. https://doi.org/10.15405/epsbs.2023.11.85
Panjinegara, P., Nadzri, F. A. A., & Yusuf, S. N. S. (2024). Management Challenges Faced by Women Microentrepreneurs Participating in the Government-Guaranteed Microfinance Scheme in Indonesia. Management and Accounting Review, 23(2), 21–40. https://doi.org/10.24191/MAR.V23i02-02
Paper, W. (2013). Does Access to Finance Matter in Microenterprise Growth ? Evidence from Bangladesh. January.
Rasel, M. A., & Win, S. (2020). Microfinance governance: a systematic review and future research directions. Journal of Economic Studies, 47(7), 1811–1847. https://doi.org/10.1108/JES-03-2019-0109
Rathore, B. S. (2015). Social capital: Does it matter in a microfinance contract? International Journal of Social Economics, 42(11), 1035–1046. https://doi.org/10.1108/IJSE-03-2014-0057
Sandhu, N. (2021). Dynamics of banks’ lending practices to farmers in India. Journal of Small Business and Enterprise Development, 28(1), 102–120. https://doi.org/10.1108/JSBED-05-2019-0161
Shaikh, S. A. (2017). Poverty alleviation through financing microenterprises with equity finance. Journal of Islamic Accounting and Business Research, 8(1), 87–99. https://doi.org/10.1108/JIABR-07-2013-0022
Subramanian, S. (2018). Stewardship Theory of Corporate Governance and Value System : The Case of a Family-owned Business Group in India. 1976. https://doi.org/10.1177/0974686218776026
Tanin, T. I., Ng, A., Salim, K., Nkoba, M. A., & Razak, L. A. (2019). How does microfinance prosper ? An analysis of environmental , social , and governance context. March, 1–22. https://doi.org/10.1002/sd.1952
Toindepi, J. (2016). Investigating a best practice model of microfinance for poverty alleviation conceptual note. International Journal of Social Economics, 43(4), 346–362. https://doi.org/10.1108/IJSE-05-2014-0091
Ullah, I., & Khan, M. (2017). Microfinance as a tool for developing resilience in vulnerable communities. In Journal of Enterprising Communities (Vol. 11, Issue 2). https://doi.org/10.1108/JEC-06-2015-0033
Wahyu, E., Umi, S., & Widjaja, M. (2022). MethodsX Methods for studying group loans , join responsibility , and women ’ s empowerment ✩. MethodsX, 9, 101749. https://doi.org/10.1016/j.mex.2022.101749
Wardhono, A., Modjo, M. I., & Utami, E. W. (2019). The Role of Credit Guarantee Schemes for Financing MSMEs: Evidence from Rural and Urban Areas in Indonesia.
When, L. M., States, U., Mook, L., & Resources, C. (2012). Accounting for social value.
Yin, R. (2003). Applications fo Case Study Research. In Applied Social Research Methods Series.
Yoshino, N., & Taghizadeh-hesary, F. (2018). Optimal Credit Guarantee Ratio for Small and Medium-sized enterprises ’ Financing : Evidence from Asia. Economic Analysis and Policy. https://doi.org/10.1016/j.eap.2018.09.011
Africa, S. (2018). FINANCING STRUCTURE AND FINANCIAL SUSTAINABILITY OF SELECTED SADC MICROFINANCE INSTITUTIONS ( MFIs ) by Innocent BAYAI ∗. 1–31.
Al-Shami, S., Mamun, A. Al, Sidek, S., & Rashid, N. (2020). Causes of failure among Malaysian female entrepreneurs: A qualitative case study of Malaysian microcredit borrowers. Qualitative Research in Financial Markets, 12(1), 43–71. https://doi.org/10.1108/QRFM-12-2018-0142
Ansari, V. A. (2014). A Theoretical Framework for Corporate Governance. 56–72.
Ardelia Maharani, P., Riyani Namira, A., & Viony Chairunnisa, T. (2024). Peran Makan Siang Gratis Dalam Janji Kampanye Prabowo Gibran Dan Realisasinya. Jolasos : Journal of Law and Social Society, 1–10.
Atmadja, A. S., Sharma, P., & Su, J. J. (2018). Microfinance and microenterprise performance in Indonesia: an extended and updated survey. International Journal of Social Economics, 45(6), 957–972. https://doi.org/10.1108/IJSE-02-2017-0031
CISDI. (2024). Makan Bergizi Gratis : Menilik Tujuan , Anggaran dan Tata Kelola Program (Vol. 1, Issue 17).
Crossley, R. M., Elmagrhi, M. H., & Ntim, C. G. (2021). Sustainability and legitimacy theory: The case of sustainable social and environmental practices of small and medium-sized enterprises. Business Strategy and the Environment, 30(8), 3740–3762. https://doi.org/10.1002/bse.2837
Dorkas, A., Atahau, R., Dolfriandra, A., & Lee, C. (2020). Rural micro fi nance sustainability : Does local wisdom driven - governance work ? Journal of Cleaner Production, 267, 122153. https://doi.org/10.1016/j.jclepro.2020.122153
Dorkas, A., Atahau, R., Sakti, I. M., Namilana, A., Hutar, R., Huruta, A. D., & Kim, M. (2023). Cogent Economics & Finance Financial literacy and sustainability of rural microfinance : The mediating effect of governance Financial literacy and sustainability of rural microfinance : The mediating effect of governance. Cogent Economics & Finance, 11(2). https://doi.org/10.1080/23322039.2023.2230725
Dwijayanti, A. (2024). Policy Spillover : Analisis Jaringan Dampak Kebijakan Makan Siang Bergizi Gratis terhadap Sektor Pertanian Policy Spillover : Network Analysis of The Impact of Free Nutricious Lunch Policy on the Agricultural Sector. XX(1), 281–308.
Ferdousi, F. (2015). Impact of microfinance on sustainable entrepreneurship development. Development Studies Research, 2(1), 51–63. https://doi.org/10.1080/21665095.2015.1058718
Fox-Wolfgramm, S. J. (1997). Towards developing a methodology for doing qualitative reserch research: The dynamic-comparative case study method. Scandinavian Journal of Management, 13(4), 439–455. https://doi.org/10.1016/S0956-5221(97)00028-6
Hamidi, M. L., & Salahudin, F. (2021). AN ALTERNATIVE CREDIT GUARANTEE SCHEME FOR FINANCING MSEs IN ISLAMIC BANKING. 7(1), 27–54.
Khurshed, A., Dasgupta, R., & Malai, M. (2013). RCF model of Indian Bank for micro credit. Journal of Asia Business Studies, 7(1), 57–67. https://doi.org/10.1108/15587891311301025
Kropp, J. D., Turvey, C. G., Just, D. R., Kong, R., & Guo, P. (2009). Are the poor really more trustworthy? A micro-lending experiment. Agricultural Finance Review, 69(1), 67–87. https://doi.org/10.1108/00021460910960471
Mahmood, S., Hussain, J., & Matlay, H. Z. (2014). Optimal microfinance loan size and poverty reduction amongst female entrepreneurs in Pakistan", Journal of Small Business and Enterprise Development. Journal of Small Business and Enterprise Development, 21(2), 231–249.
Maria, G., & Mann, B. (2020). No Title.
Matsvai, S., Mushunje, A., & Tatsvarei, S. (2022). Cogent Economics & Finance Technical efficiency impact of microfinance on small scale resettled sugar cane farmers in Zimbabwe Technical efficiency impact of microfinance on small scale resettled sugar cane farmers in. Cogent Economics & Finance, 10(1). https://doi.org/10.1080/23322039.2021.2017599
Midgley, J. (2015). Microenterprise , global poverty and social development. 51(4), 467–479. https://doi.org/10.1177/0020872808090240
Ouattara, N., Xueping, X., BI, T. B. A. Y., Traoré, L., Ahiakpa, J. K., & Olounlade, O. A. (2020). Determinants of smallholder farmers’ access to microfinance credits: A case study in Sassandra-Marahoué District, Côte d’Ivoire. Agricultural Finance Review, 80(3), 401–419. https://doi.org/10.1108/AFR-07-2019-0075
Panjinegara, P., Nadzri, F. A. A., & Yusuf, S. N. S. (2023). Governance Of Kredit Usaha Rakyat, A Microfinance With Government Credit Guarantee Scheme. Proceedings of the International Conference in Technology, Humanities and Management (ICTHM 2023), 12-13 June, 2023, Istanbul, Turkey, 131, 1041–1050. https://doi.org/10.15405/epsbs.2023.11.85
Panjinegara, P., Nadzri, F. A. A., & Yusuf, S. N. S. (2024). Management Challenges Faced by Women Microentrepreneurs Participating in the Government-Guaranteed Microfinance Scheme in Indonesia. Management and Accounting Review, 23(2), 21–40. https://doi.org/10.24191/MAR.V23i02-02
Paper, W. (2013). Does Access to Finance Matter in Microenterprise Growth ? Evidence from Bangladesh. January.
Rasel, M. A., & Win, S. (2020). Microfinance governance: a systematic review and future research directions. Journal of Economic Studies, 47(7), 1811–1847. https://doi.org/10.1108/JES-03-2019-0109
Rathore, B. S. (2015). Social capital: Does it matter in a microfinance contract? International Journal of Social Economics, 42(11), 1035–1046. https://doi.org/10.1108/IJSE-03-2014-0057
Sandhu, N. (2021). Dynamics of banks’ lending practices to farmers in India. Journal of Small Business and Enterprise Development, 28(1), 102–120. https://doi.org/10.1108/JSBED-05-2019-0161
Shaikh, S. A. (2017). Poverty alleviation through financing microenterprises with equity finance. Journal of Islamic Accounting and Business Research, 8(1), 87–99. https://doi.org/10.1108/JIABR-07-2013-0022
Subramanian, S. (2018). Stewardship Theory of Corporate Governance and Value System : The Case of a Family-owned Business Group in India. 1976. https://doi.org/10.1177/0974686218776026
Tanin, T. I., Ng, A., Salim, K., Nkoba, M. A., & Razak, L. A. (2019). How does microfinance prosper ? An analysis of environmental , social , and governance context. March, 1–22. https://doi.org/10.1002/sd.1952
Toindepi, J. (2016). Investigating a best practice model of microfinance for poverty alleviation conceptual note. International Journal of Social Economics, 43(4), 346–362. https://doi.org/10.1108/IJSE-05-2014-0091
Ullah, I., & Khan, M. (2017). Microfinance as a tool for developing resilience in vulnerable communities. In Journal of Enterprising Communities (Vol. 11, Issue 2). https://doi.org/10.1108/JEC-06-2015-0033
Wahyu, E., Umi, S., & Widjaja, M. (2022). MethodsX Methods for studying group loans , join responsibility , and women ’ s empowerment ✩. MethodsX, 9, 101749. https://doi.org/10.1016/j.mex.2022.101749
Wardhono, A., Modjo, M. I., & Utami, E. W. (2019). The Role of Credit Guarantee Schemes for Financing MSMEs: Evidence from Rural and Urban Areas in Indonesia.
When, L. M., States, U., Mook, L., & Resources, C. (2012). Accounting for social value.
Yin, R. (2003). Applications fo Case Study Research. In Applied Social Research Methods Series.
Yoshino, N., & Taghizadeh-hesary, F. (2018). Optimal Credit Guarantee Ratio for Small and Medium-sized enterprises ’ Financing : Evidence from Asia. Economic Analysis and Policy. https://doi.org/10.1016/j.eap.2018.09.011
Published
2025-06-23
How to Cite
Panjinegara, P., & Shofa, F. (2025). The Dynamics of Implementing Social-Based Financing Schemes: A Case Study on the Integration of Microfinance and the Free Nutritious Meal (MBG) Program in Lampung Province to Support MSME Sustainability. International Journal of Economics, Business and Innovation Research, 4(04), 535-556. https://doi.org/10.63922/ijebir.v4i04.1979
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