Title: Financial literacy of SMEs in Citarum Watershed Area, Indonesia

Authors: Sam'un Jaja Raharja; Nenden Kostini

Addresses: Department of Business Administration, Universitas Padjadjaran, Jatinangor, Sumedang Regency, West Java, 45363, Indonesia ' Department of Business Administration, Universitas Padjadjaran, Jatinangor, Sumedang Regency, West Java, 45363, Indonesia

Abstract: One aspect of the role of small and medium enterprises (SMEs) is encouraging economic growth and development, domestically, and internationally. This study aims to determine the level of financial literacy of SMEs. This research uses quantitative and descriptive methods. Data were collected from 100 SMEs in the Citarum Watershed, Indonesia. Multivariate analysis techniques and factor analysis are used to process data. Results show that two factors determine the level of financial literacy of SMEs. The first factor is financial products and services. The second factor is the basic financial concepts. Suggestions for future research include other factors that influence financial literacy.

Keywords: financial literacy; financial products and services; financial concepts; crowd funding; inclusive financial program; Citarum Watershed.

DOI: 10.1504/IJMEF.2021.114017

International Journal of Monetary Economics and Finance, 2021 Vol.14 No.2, pp.142 - 151

Received: 22 Jan 2020
Accepted: 14 Aug 2020
Published online: 06 Apr 2021 *

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