The Synergy of BWM and BUMDES as an Alternative for Improving the Welfare of SME

Authors

  • Fauzul Hanif Noor Athief Universitas Muhammadiyah Surakarta
  • Linda Isma Cahyaningrum Universitas Muhammadiyah Surakarta
  • Darlin Rizki STAIN Teungku Dirundeng Meulaboh
  • Afief El Ashfahany Universitas Muhammadiyah Surakarta

DOI:

https://doi.org/10.30651/jms.v8i3.20656

Abstract

This research paper investigates the symbiotic relationship between two institutions, BWM Imam Syuhodo and BUMDes Wonorejo, both committed to advancing the welfare of small and medium-sized enterprises (SMEs). The primary objective of this study is to provide a comprehensive exploration of the collaborative process between these entities and to offer a thorough analysis of the resultant impact on SMEs. Employing a qualitative research approach, this study incorporates field research methodology involving meticulous observations of the participating institutions, in-depth interviews with relevant stakeholders, and systematic documentation of physical and textual data. The findings of this research reveal a significant synergy between BWM Imam Syuhodo and BUMDes Wonorejo, facilitated under the auspices of the Financial Services Authority. This synergy was realized during the inauguration of BUMDes through a well-executed bazaar event, characterized by seamless operations and positive repercussions for local SMEs. The collaborative efforts have served as a vital conduit for entrepreneurs, offering expanded market access and exerting a transformative influence on the financial stability of SMEs. As a result, the surrounding community has witnessed tangible advancements in their business landscape, further underscoring the potential of such synergistic endeavors for SME welfare enhancement.

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Published

2023-11-16

How to Cite

Athief, F. H. N., Cahyaningrum, L. I., Rizki, D., & Ashfahany, A. E. (2023). The Synergy of BWM and BUMDES as an Alternative for Improving the Welfare of SME. Jurnal Masharif Al-Syariah: Jurnal Ekonomi Dan Perbankan Syariah, 8(3). https://doi.org/10.30651/jms.v8i3.20656

Issue

Vol. 8 No. 3 (2023)

Section

Artikel

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