Global Academy of Training and Research Journal

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DOI 10.35609/jfbr.2024.9.1(2)

Reference to this paper should be made as follows: Amtiran, P.Y; Anabuni, A.U.T; Yuni, E; Balle, M.Y; Maima, J. (2024). Impact of Financial Literacy of MSE's on The Use of Financial Products, J. Fin. Bank. Review, 9(1), 38 – 48. https://doi.org/10.35609/jfbr.2024.9.1(2)

Received: April 14, 2024 | Accepted: June 30, 2024

Impact of Financial Literacy of MSE's on The Use of Financial Products
Paulina Y. Amtiran, Anderias U. T. Anabuni, Elisabeth Yuni, Marselin Y. Balle, Jhimi Maima
Universitas Nusa Cendana, Kupang, Indonesia Abstract

Objective - The purpose of this study is to find the impact of financial literacy of micro and small enterprises on financial products.

Methodology/Technique – Data was collected through the distribution of questionnaires. The method used was data analysis using multiple regression analysis technique. The sample of this study was 70 small and micro enterprises in Sumba Island, East Nusa Tenggara.

Findings – The findings reveal a positive correlation between financial literacy and financial products.

Novelty – Improving financial literacy among SMEs will lead to increased use of financial products. The significance of this study is to implement information dissemination and training programs to improve financial literacy and promote the adoption of financial products among SMEs in Sumba Island.

Type of Paper - Empirical

Keywords: Inclusion, Financial Literacy, Financial Knowledge, Financial Behavior, Financial Attitude

JEL Classification: G02, G32, G39.

URI: http://gatrenterprise.com/GATRJournals/JFBR/vol9.1_2.html

DOI: https://doi.org/10.35609/jfbr.2024.9.1(2)

Pages 38 – 48

Price: USD 25