The Jakarta Post
The Creative Economy Agency (Bekraf) provided training for business players from 100 small and medium enterprises (SMEs) in the creative economy sector in West Nusa Tenggara (NTB) on how to access capital from Islamic banks during a recent two-day Islamic finance training program.
“In the program, we gave sharia-based financial management training to the 100 SMEs, including on ways they could use to access capital in Islamic banks,” said Bekraf’s banking access director Restog K. Kusuma of the program, which was held in West Lombok and ended on Tuesday.
He said based on the results of assessments conducted by Bekraf of local SMEs in the creative economy sector, many business players did not yet understand how to manage the finances of their businesses.
Lower optimal profits, business failures and financial losses occurred because most SME business players still confused their business finances with their private and household finances, he went on.
“Many SME players do not have a capacity to maintain proper bookkeeping for their businesses while in fact, complete and orderly bookkeeping is one of requirements they need to fulfil to be able to access capital from the banking sector,” said Restog.
It was the eighth Islamic finance training program held by Bekraf after previously holding similar programs in Bandung, West Java; Banjarmasin, South Kalimantan; Jakarta; Pekalongan, Central Java; South Tangerang, Banten; Surabaya, East Java; and Yogyakarta.
Based on the province’s Industry and Trade Agency data, NTB has more than 644,000 micro, small and medium enterprise business players, of which 89 percent are micro businesses. (ebf)
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