Empowering MSMEs Through Financial Literacy: Exploring Strategies for Sustainable Growth

Alfaira Alfaira ; Dyah Palupiningtyas
International Journal of Management and Digital Sc... 📅 2025 Vol 2, No 2 🔗 DOI: 10.70062/managementdynamics.v2i2.87
Abstract
This study examines strategies to increase financial literacy to encourage the growth of MSME financial performance in Semarang Regency. Using a qualitative approach, the study involved 120 MSMEs with data collection through in-depth interviews, observations, and focus group discussions. The results of the study show that the condition of financial literacy is still low, with 65.3% of MSMEs not doing regular financial records, 77.5% mixing business-personal finance, and 81.7% lacking understanding of financial products. Structured mentoring programs with a holistic approach have proven to be effective in increasing the financial management capacity of MSMEs, marked by an increase in turnover (35.2%), operational efficiency (24.7%), and access to capital (19.8%). Multi-stakeholder collaboration and digital technology integration are key factors in the success of the program. The research results in a financial literacy development framework that can be adapted for implementation in other regions.
Keywords
Financial Literacy; MSMEs; Financial Performance; Assistance Program; Multistakeholder Collaboration
How to Cite

Alfaira Alfaira & Dyah Palupiningtyas (2025). Empowering MSMEs Through Financial Literacy: Exploring Strategies for Sustainable Growth. International Journal of Management and Digital Sciences, 2(2). https://doi.org/10.70062/managementdynamics.v2i2.87

Alfaira Alfaira; Dyah Palupiningtyas, "Empowering MSMEs Through Financial Literacy: Exploring Strategies for Sustainable Growth," International Journal of Management and Digital Sciences, vol. 2, no. 2, 2025.

Alfaira Alfaira; Dyah Palupiningtyas. "Empowering MSMEs Through Financial Literacy: Exploring Strategies for Sustainable Growth." International Journal of Management and Digital Sciences, vol. 2, no. 2, 2025.

Alfaira Alfaira; Dyah Palupiningtyas. "Empowering MSMEs Through Financial Literacy: Exploring Strategies for Sustainable Growth." International Journal of Management and Digital Sciences 2, no. 2 (2025).

Alfaira Alfaira & Dyah Palupiningtyas (2025) 'Empowering MSMEs Through Financial Literacy: Exploring Strategies for Sustainable Growth', International Journal of Management and Digital Sciences, 2(2). doi: 10.70062/managementdynamics.v2i2.87.

Alfaira Alfaira; Dyah Palupiningtyas. Empowering MSMEs Through Financial Literacy: Exploring Strategies for Sustainable Growth. International Journal of Management and Digital Sciences. 2025;2(2).

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