Funding for MSMEs Selling Seaweed on Export Destination Coast

Authors

  • Jatmiko Murdiono Negeri Jakarta University, Indonesia
  • Sri Winarsih Pancasakti University, Bekasi, Indonesia
  • Helena Louise Panggabean M.H. Thamrin University, Jakarta, Indonesia
  • Indra Sani ITB Asia, Malang, Jawa Timur

DOI:

https://doi.org/10.38035/sjtl.v1i2.73

Keywords:

Funding, Funding, Micro, Small, and Medium Enterprises (MSMEs), Seaweed, Export

Abstract

The aim of this study is to provide a better understanding of the challenges and opportunities in supporting MSMEs in the seaweed sector, as well as formulate concrete measures to improve their access to funding necessary for the growth and sustainability of their businesses. This research utilizes a qualitative approach. Qualitative research methodology is a set of techniques and procedures used to collect, analyze, and interpret data in qualitative research studies. This approach aims to understand social phenomena in depth, focusing on collecting rich and detailed data through non-numerical methods such as interviews, observations, and focus groups. Qualitative research methodology is a flexible and adaptable approach, allowing researchers to explore in depth complex social phenomena. Various methods were used to collect, analyze, and interpret data, which proved invaluable in understanding the experiences, views, and meanings possessed by participants in research studies. In the context of this study, data collection was carried out through a literature survey. Seaweed has been widely used by humans and various industries, providing an impact on the community that plants and preserves. As an economic source for the community, it also helps preserve the sea with seaweed as an economic source. Identify financing challenges, strategies to improve access to financing, collaboration among stakeholders, and examples of successful case studies. With a good understanding of these issues, solutions can be formulated to support the growth and sustainability of MMeS in the seaweed industry. In various countries around the world, especially in ASEAN, MMeS has been running by dabbling in seaweed conservation with various dynamics and helping ecosystems in the sea as well as a source of life for the community. Recommendations on the role of local or local governments to assist funding, exports, and the need for assistance, besides that the contribution of the results of this research is only a small part in qualitative form in participation in collaboration.

References

Amornkitvikai, Y., Tham, S. Y., Harvie, C., & Buachoom, W. W. (2022). Barriers and Factors Affecting the E-Commerce Sustainability of Thai Micro-, Small- and Medium-Sized Enterprises (MSMEs). Sustainability, 14(14), 8476. https://doi.org/10.3390/su14148476

Anwar, M. (2023). Cost and Income Analysis of Seaweed Cultivation Using the Off-Base Method in Seriwe Village Jerowaru Subdistrict East Lombok District. Jurnal Ilmiah Membangun Desa Dan Pertanian, 8(6), 242–248. https://doi.org/10.37149/jimdp.v8i6.628

Asabu, M. D. (2017). Successes and Failures of International Financial Institutions (IFIs) in Exporting Neoliberalism in Africa: The Case of Ethiopia. International Journal of Political Science and Development, 5(6), 203–209. https://doi.org/10.14662/IJPSD2017.034

Bleši?, I., Pivac, T., & Lena Lopatny, M. (2021). Using Analytic Hierarchy Process (Ahp) For Tourist Destination Choice: A Case Study Of Croatia. Tourism in Southern and Eastern Europe, 95–107. https://doi.org/10.20867/tosee.06.7

Burra, N. J., & Devi, K. N. U. (2022). Marketing Challenges Faced by Seaweed Farmers in Zanzibar, Tanzania. Asian Journal of Agricultural Extension, Economics & Sociology, 274–284. https://doi.org/10.9734/ajaees/2022/v40i111710

Campiglio, E. (2016). Beyond carbon pricing: The role of banking and monetary policy in financing the transition to a low-carbon economy. Ecological Economics, 121, 220–230. https://doi.org/10.1016/j.ecolecon.2015.03.020

Daichi, S., Kim, Y. R., & Yasuyuki, T. (2019). The Effect of Social Interactions on Exporting Activities: Evidence from Micro, Small, and Medium-Sized Enterprises in rural Vietnam. In Research Papers in Economics. https://www.rieti.go.jp/jp/publications/dp/19e020.pdf

Fauziah, Y. (2021). Pengaruh Perkembangan Usaha Mikro Kecil dan Menengah Terhadap Pertumbuhan Ekonomi di ASEAN 4. Jurnal Ekonomi Akuntansi Dan Manajemen, 20(2), 160. https://doi.org/10.19184/jeam.v20i2.25283

Ganesan, M., Trivedi, N., Gupta, V., Madhav, S. V., Radhakrishna Reddy, C., & Levine, I. A. (2019). Seaweed resources in India – current status of diversity and cultivation: prospects and challenges. Botanica Marina, 62(5), 463–482. https://doi.org/10.1515/bot-2018-0056

Kang, H., Yang, Z., & Zhang, Z. (2023). The competitiveness of China’s seaweed products in the international market from 2002 to 2017. Aquaculture and Fisheries, 8(5), 579–586. https://doi.org/10.1016/j.aaf.2021.10.003

Kousar, R., Makhdum, M. S. A., Abbas, A., Nasir, J., & Naseer, M. A. ur R. (2019). Issues and Impacts of the Apricot Value Chain on the Upland Farmers in the Himalayan Range of Pakistan. Sustainability, 11(16), 4482. https://doi.org/10.3390/su11164482

Lahiri, R. (2012). Problems And Prospects Of Micro , Small And Medium Enterprises (Msmes) In India In The Era Of Globalization. International Conference on the Interplay of Economics, Politics, and Society for Inclusive Growth.

Lowe, J., & Tejada, J. F. C. (2019). The role of livelihoods in collective engagement in sustainable integrated coastal management: Oslob Whale Sharks. Ocean & Coastal Management, 170, 80–92. https://doi.org/10.1016/j.ocecoaman.2018.10.018

Martínez?Curci, N. S., Fierro, P., & Navedo, J. G. (2023). Does experimental seaweed cultivation affect benthic communities and shorebirds? Applications for extensive aquaculture. Ecological Applications, 33(3), e2799. https://doi.org/10.1002/eap.2799

Mateo, J. P., Campbell, I., Cottier-Cook, E. J., Luhan, M. R. J., Ferriols, V. M. E. N., & Hurtado, A. Q. (2020). Analysis of biosecurity-related policies governing the seaweed industry of the Philippines. Journal of Applied Phycology, 32(3), 2009–2022. https://doi.org/10.1007/s10811-020-02083-7

McWilliam, W., & Wesener, A. (2021). Attitudes and Behaviours of Certified Winegrowers towards the Design and Implementation of Biodiversity Farming Strategies. Sustainability, 13(3), 1083. https://doi.org/10.3390/su13031083

MSME Financing in the Philippines: Status, Challenges and Opportunities. (2020).

Muizelaar, W., & Jung, G. (2022). Potential of the Chilean seaweed sector: Sustainable large scale production opportunities and beneficial effects of local seaweed varieties. Wageningen Livestock Research.

Nema, D. K., Suryavanshi, P., & Verma, T. L. (2021). A Study On Ever-Changing Definition of Micro, Small and Medium Enterprises (MSMEs). International Journal of Recent Scientific Research, 12(6), 41950–41954. https://doi.org/http://dx.doi.org/10.24327/ijrsr.2021.1206.5995

Peterson, R. A., & Wotruba, T. R. (2013). What Is Direct Selling?—Definition, Perspectives, and Research Agenda. Journal of Personal Selling and Sales Management, 16(4), 1–16. https://doi.org/http://dx.doi.org/10.1080/08853134.1996.10754070

Reddy, S. V., Beeraladinni, D., & Kumar, M. (2022). A Study of Value Chain Map & Economics of Papaya in Karnataka State. International Journal of Environment and Climate Change, 12(12), 1715–1723. https://doi.org/10.9734/ijecc/2022/v12i121615

Riniwati, H., Made, S., & Sahidu, A. (2020). The Trade Specialization Index (TSI) of Indonesian Seaweeds. Proceedings of the Proceedings of the 13th International Interdisciplinary Studies Seminar, IISS 2019, 30-31 October 2019, Malang, Indonesia, 2. https://doi.org/10.4108/eai.23-10-2019.2293021

Rubekie, A. P., & Bwathondi, P. O. J. (2024). Logistic regression analysis to determine gender specific challenges and factors affecting seaweed farming along the coast of Tanzania mainland. Journal of Applied Aquaculture, 36(1), 93–128. https://doi.org/10.1080/10454438.2022.2128963

Silvia, D., Imam, S., Yeti, M., Prastiwinarti, W., Ningtyas, R., Nain, Z., & Purnama Sari, N. (2022). Improving The Quality Of Candies’s Seaweed Of Pulau Seribu Community With An Ergonomic Design Approach. Mitra Akademia: Jurnal Pengabdian Masyarakat, 5(2), 249–255. https://doi.org/10.32722/mapnj.v5i2.5238

Songwe, B., Msuya, F. E., Khamis, S. M., & Khalfan, M. (2016). Commercial Seaweed Farming in Zanzibar Coastal Villages: Potential for Innovative and Competitive Economic Growth. Huria: Journal of the Open University of Tanzania, 22(1), 140–157.

Spillias, S., Valin, H., Batka, M., Sperling, F., Havlík, P., Leclère, D., Cottrell, R. S., O’Brien, K. R., & McDonald-Madden, E. (2023). Reducing global land-use pressures with seaweed farming. Nature Sustainability, 6(4), 380–390. https://doi.org/10.1038/s41893-022-01043-y

Tombolotutu, A. D., Khaldun, R. I., Palampanga, A. M., Djirimu, M. A., & Tenge, E. (2019). Trade Liberalization and Export Competitiveness: A Case Study on Indonesian Seaweed In the Global Market. IOP Conference Series: Earth and Environmental Science, 270(1), 012056. https://doi.org/10.1088/1755-1315/270/1/012056

Wahyularassati, A., Susiloningtyas, D., & Handayani, T. (2019). Value-chain distribution of seaweed production in Amal Coast, Tarakan Island. IOP Conference Series: Earth and Environmental Science, 311(1), 012082. https://doi.org/10.1088/1755-1315/311/1/012082

Wijaya, A., Awaluddin, M., & Kurniawan, A. E. (2022). The Essence of Fuel and Energy Consumptions to Stimulate MSMEs Industries and Exports: An Empirical Story for Indonesia. International Journal of Energy Economics and Policy, 12(2), 386–393. https://doi.org/10.32479/ijeep.12645

Yasmeen, G., Kunin, R., & Valley, V. S. (2018). Micro, Small, and Medium Enterprises in Agri-food.

Yulisti, M., Sri Luhur, E., Yulia Arthatiani, F., & Mulyawan, I. (2021). Competitiveness analysis of Indonesian seaweeds in global market. IOP Conference Series: Earth and Environmental Science, 860(1), 012061. https://doi.org/10.1088/1755-1315/860/1/012061

Yun, M. (2018). Modes of Globalization and Firm Performance?: MSMEs in Vietnam. Korea and the World Economy, 19(3), 243–263. http://www.akes.or.kr/wp-content/uploads/2019/01/2_MS180907-final.pdf

Zouari, A., & Chaney, D. (2021). Institutional orientation: Definition, measure, and impact on export performance. Recherche et Applications En Marketing (English Edition), 36(3), 50–69. https://doi.org/10.1177/2051570720989704

Downloads

Published

2023-07-23

How to Cite

Murdiono, J., Winarsih, S., Louise Panggabean, H., & Sani, I. (2023). Funding for MSMEs Selling Seaweed on Export Destination Coast . Siber Journal of Transportation and Logistics, 1(2), 80–90. https://doi.org/10.38035/sjtl.v1i2.73