PENGARUH LITERASI KEUANGAN TERHADAP KEPUTUSAN PEMBIAYAAN PADA PELAKU USAHA MIKRO KECIL MENENGAH (UMKM) DI LABUHANBATU

  • Syafaruddin Munthe Universitas Alwashliyah Labuhanbatu
Keywords: Financial Literacy, Financing Decisions, MSMEs, Credit

Abstract

This study aims to analyze the relationship between the level of financial literacy and financing decisions. This study took samples of Small and Medium Enterprises in Labuhanbatu Regency. The number of samples in this study were 48 respondents. This research is a quantitative descriptive study with data collection methods using surveys.Based on the results and discussion above, it can be concluded that the level of financial literacy owned by MSMEs in Labuhanbatu Regency tends to be very low, then based on the results of the research hypothesis analysis it is found that the path coefficient calculation value is 0.104 with a P-Value of 0.000 <0 ,05. This means that if the addition of the financial literacy variable is equal to one unit, it will be followed by an addition to the financing decision variable value of 0.000. Because the P-Value of sig 0.000 is smaller than 0.05, it is stated to be statistically significant. Thus this study found that financial literacy has a positive and significant effect on financing decisions. This means that the higher the financial literacy possessed by MSME actors, the better the financing decisions made by MSME actors. Likewise, the lower the level of financial literacy possessed by MSME actors, the higher the risks that are likely to be felt by MSME actors

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Published
2023-09-14