Fransky Purba Suharno Widiasworo Putra, Abdul Aziz Ahmad, Suharno Suharno


The great potential of the Micro Waqf Bank (MWB) for the national economy is to improve economic development based on the potential of regional resources and the empowerment of populist economies in the countryside through strengthening small and micro enterprises (SMEs) as a continuation of poverty alleviation. Religious and social activities become an economic activity such as trade, agriculture, plantation, and home industry activities.

How about the benefits of MWB in order to increase public financial inclusion, especially SMEs among other things, the ease of accessing capital that is easier will be discussed in this paper. Because to obtain financing from banks, collateral and requirements that are not easy are required and high credit interest, while to obtain financing at MWB for capital loans not exceeding 3 million rupiahs is not needed. collateral and requirements such as being multiplied, because MWB only charges fees and profit sharing margins equal to three percent per year.

The purpose of this paper discusses the management and financing system in MWB. MWB different from the one in general because management involving pesantren with consideration in rural/remote areas there are always pesantren, and of course the pesantren environment feels more familiar and close to people in the countryside so that the dissemination and distribution of loan funds is easier and the loan financing pattern is created by a joint group system. That is expected to be able to bridge the gap in access to finance so that participants are able to develop businesses in order to reach their dreams and improve family welfare. Then MWB will provide assistance and training by holding regular weekly meetings with borrowing groups. Weekly group meetings must be held once a week, as well as activities to pay weekly installments. This MWB is not permitted to take deposits from the community because it has a focus on community empowerment through financing along with business assistance. The hope is that in the future MWB will continue to grow in number so that it is expected to be a quick solution in providing access to capital or financing for rural communities that are not yet connected with formal financial institutions.

Keywords: SMEs, Micro Waqf Bank, Rural Poverty, Empowerment, Financing

Full Text:



Alyas, & Rakib, M. (2017). Strategy for the Development of Micro, Small and Medium Enterprises in Strengthening People's Economy (Case Study of Bread Business in Maros Regency). Sosiohumaniora, 19, 114 - 120.

Anggraeni, F. D., Hardjanto, I., & Hayat, A. (2013). Micro-Enterprise Development, Small, Medium (Umkm) Through Facilitation of External and Internal Potential Parties (A Case Study of the "Corn Chips" Business Group in Pandanwangi Village, Blimbing District, Malang City). Journal of Public Administration, 1286-1295.

Avais, M. (2014). Financial Innovation and Poverty Reduction. International Journal of Scientific and Research Publications, 1-4

Central Statistical Agency. (2017). Indonesian Statistics for 2017 Poverty and Inequality Center. Center: Central Statistics Agency. Jakarta.

Central Statistical Agency. (2018). Indonesian Statistics for 2018 Poverty and Inequality Center. Center: Central Statistics Agency. Jakarta.

Financial Services Authority. (2017). Management of Micro Waqf Banks. Jakarta: Authority Financial services.

Financial Services Authority. (2017). Generating the Role of Financial Institutions Micro Sharia in Community Economic Empowerment around Islamic boarding schools. (p. 13). Jakarta: Financial Services Authority.

Financial Services Authority. (2017). Community Empowerment Program GuideAround Islamic Boarding Schools Through Islamic Microfinance Institutions. Jakarta: Financial Services Authority.

Haryanto, S. (2011). Potential and Role of Microfinance Institutions (MFIs) in Small and Micro Business Development Efforts). Journal of Modernization Economics, 229-238.

Hutomo, M. Y. (2000). Community Empowerment in the Field of Economics: Theoretical Review and Implementation. Daily Seminar on Community Empowerment at the National Development Planning Agency of the Republic of Indonesia (pp. 1-11). Jakarta: Bappenas of the Republic of Indonesia.

Ibrahim, M. (2016). The Role of the Office of Cooperatives and Small and Medium Enterprises in the Empowerment of Small and Medium Enterprises in the City of Samarinda (Study in the Java Village of Samarinda Ulu District, Samarinda City). EJournal of Governmental Science in Social Sciences, 4.

Irmawati, S., Damelia, D., & Puspita, D. W. (2013). Financial Inclusion Model in Rural Based MSMEs. Journal of Economics and Policy, 153-161.

Kartasasmita, G. (1996). Development for the People: Integrating. Growth and equity. Jakarta: Cidesindo Library

Mubarok, Z. (2010). Community Empowerment Evaluation Viewed from the Capacity Development Process in Urban PNPM Mandiri Activities in Sastrodirjan Village, Pekalongan Regency. Semarang: UNDIP Thesis.

Noor, M. (2011). Community empowerment. CIVIS University of PGRI Semarang, 87-99.

Pranarka, A. W., & Moeljarto, V. (1996). Empowerment: Concepts, Policies. Jakarta: CSIS.

Rofiah, K. (2011). The Role of Microfinance Institutions in Community Economic Empowerment in Ponorogo Regency. Kodifikasia Journal, 147-171.

Saiman, L. (2014). Entrepreneurship: Theory, Practice, Case Edition 2. Jakarta: Salemba Empat

Setyawati, I. (2009). The Role of Micro, Small and Medium Enterprises (Umkm) in the National Economy. Widya Ekonomi Journal, 27.

Siboro, I. K. (2015). Moneylenders (Analysis of Loan Functions in the Interest of Rokan Hilir Community, Bagan Sinembah Subdistrict, Bagan Batu Village). Jom Filip, 1-15.

Siboro, I. K. (2015). Moneylenders (Analysis of Loan Functions in the Interest of Rokan Hilir Community, Bagan Sinembah Subdistrict, Bagan Batu Village). Jom Filip, 1-15.

Sumidiningrat, G. (1999). Community Empowerment and Social Safety Nets. Jakarta: Gramedia.

Tedjasuksmana, B. (2014). Portrait of Indonesian MSMEs Facing the ASEAN Economic Community in 2015. The 7th NCFB and Doctoral Colloquium 2014 (p.199). Surabaya: Widya Mandala Catholic University Surabaya.

Worokinasih, S. (2012). Strengthening the Performance of Microfinance Institutions for Empowering Micro, Small and Medium Enterprises. Department of Business Administration, 86-91.


  • There are currently no refbacks.