Improving Financial Literacy of Lampung Millennial Generation MSME Actors through Cash Management Training and Assistance

Vitria Susanti; A Zuliansyah

doi:10.29062/engagement.v9i2.2010

Vitria Susanti Universitas Islam Negeri Raden Intan Lampung
A Zuliansyah Universitas Islam Negeri Raden Intan Lampung

DOI: https://doi.org/10.29062/engagement.v9i2.2010

Keywords: Financial Literacy, Cash Management, MSMEs, Training and Assistence

Abstract

This community service initiative aims to enhance the financial literacy of millennial MSME actors in Lampung through targeted cash management training and assistance. The primary objective is to equip participants with essential financial skills, enabling them to make informed decisions and improve their business sustainability. Utilizing the Participatory Action Research (PAR) method, the program engages participants in a collaborative learning process, fostering ownership and relevance in the training content. Results indicate a significant improvement in participants' understanding of cash flow management, budgeting, and financial planning. Pre- and post-training assessments revealed a marked increase in financial literacy scores, demonstrating the effectiveness of the training. Additionally, participants reported increased confidence in managing their finances and making strategic business decisions. However, the initiative faced practical limitations, including varying levels of initial financial knowledge among participants and limited access to financial resources. Theoretical limitations include the challenge of measuring long-term impacts on business performance and financial stability. Despite these challenges, the program highlights the importance of tailored financial education for millennial MSME actors, contributing to their empowerment and the overall economic development of the Lampung region. Future efforts should focus on sustaining financial literacy initiatives and addressing resource accessibility to maximize impact.

Downloads

Download data is not yet available.

References

Annisa, Dwi Yuni, and Liza Siti Amna. “The Role of Financial Knowledge and Adoption of Fintech Payment on MSME Performance in Bandar Lampung City.” International Journal of Education 5, no. 1 (2025). http://lpppipublishing.com/index.php/ijessm.

Ayu, I, A Idawati, I Gede, and S Pratama. “Pengaruh Literasi Keuangan Terhadap Kinerja Dan Keberlangsungan UMKM Di Kota Denpasar.” Warmadewa Management and Business Journal 2, no. 1 (2020): 1–9. https://ejournal.warmadewa.ac.id/index.php/wmbj.

Edison, Yusran Anis. Manajemen Sumber Daya Manusia. Edited by 1. Bandung: Alfabeta, 2016.

Febriyanto, Febri, E Pariyanti, A Japlani, and R Rinnanik. “The Moderating Role of Islamic Financing Access in the Impact of Islamic Financial Knowledge and Financial Confidence on Financial Well-Being among MSME Owners.” Jurnal Manajemen Bisnis 15, no. 2 (2024): 241–57. https://doi.org/10.18196/mb.v15i2.22164.

Haryati, S, K Bagus Wardianto, and M Agung. “Exploring Financial Resilience in Lampung Province: The Effect of Digital Financial Literacy, Numeracy Skills, and Financial Behavior on Youth.” The Es Accounting and Finance 3, no. 1 (2024): 19–28. https://doi.org/10.58812/esaf.v3i01.

Lusardi, Annamaria, and Olivia S Mitchell. “The Economic Importance of Financial Literacy: Theory and Evidence.” Journal of Economic Literature 52, no. 1 (2014): 5–44. https://doi.org/10.1257/jel.52.1.5.

Mahbubi, Agus. “Business Model and Character of Successful Millennial Agripreneurs During The Covid-19 Pandemic.” Indonesian Journal of Business and Entrepreneurship, 2022. https://doi.org/10.17358/ijbe.8.3.333.

Maulida, Atika Zahra, and A Mahfuzah. “Strategic Management Analysis of Sharia Cooperative Problems in South Kalimantan in the Digital Era.” Journal Economics and Business of Islam 9, no. 2 (2024): 102. http://journal.iain-manado.ac.id/index.php/TJEBI/index.

Mujianto, Muhammad, H Hartoyo, R Nurmalina, and E Z Yusuf. “The Unraveling Loyalty Model of Traditional Retail to Suppliers for Business Sustainability in the Digital Transformation Era: Insight from MSMEs in Indonesia.” Sustainability 15, no. 3 (2023). https://doi.org/10.3390/su15032827.

Novitasari, A T. “Kontribusi UMKM Terhadap Pertumbuhan Ekonomi Era Digitalisasi Melalui Peran Pemerintah.” Journal of Applied Business and Economic 9, no. 2 (2022): 184–204.

Santoso, R P. Ekonomi Sumber Daya Manusia Dan Ketenagakerjaan. Edited by 1. Yogyakarta: UPP STIM YKPN, 2012.

Setiyawan, R, and T Ulfatun. “Implementation of Digital Entrepreneurship for Generation Z at Vocational School.” Scaffolding: Jurnal Pendidikan Islam Dan Multikulturalisme 5, no. 3 (2023): 794–812. https://doi.org/10.37680/scaffolding.v5i3.3950.

Simanjuntak, P J. Manajemen & Evaluasi Kinerja. Edited by 3. Depok: Universitas Indonesia, 2011.

Subagiyo, D T. “Characteristics of Financial Technology as Financing Alternative Capitalization of Medium Small-Medium Enterprises (MSME).” Fiat Justisia: Jurnal Ilmu Hukum 15, no. 2 (2021): 133–58. https://doi.org/10.25041/fiatjustisia.v15no2.1933.

Syaripudin, E I, R Raito, S Aliyah, G Gaussian, and S Sunarsa. “Mosque As the Center of Economic Empowerment of the Millennial Generation in Garut Regency.” Indonesian Journal of Islamic Economics and Finance 3, no. 2 (2024): 29–40. https://doi.org/10.37680/ijief.v3i2.5386.

Vinatra, S. “Peran Usaha Mikro, Kecil, Dan Menengah (UMKM) Dalam Kesejahteraan Perekonomian Negara Dan Masyarakat.” Jurnal Akuntan Publik 1, no. 3 (2023): 1–8. https://doi.org/10.59581/jap-widyakarya.v1i1.832.

Wise, S. “The Impact of Financial Literacy on New Venture Survival.” International Journal of Business and Management 8, no. 23 (2013). https://doi.org/10.5539/ijbm.v8n23p30.