Management Sciences and Quantitative Methods Commons^™

Strategies To Increase Farmers' Financial Inclusion, Minto Yuwono, Rita Nurmalina Prof, Dr.Ir, Ms, Budi Suharjo Dr.Ir. Ms, Bunasor Sanim Prof, Dr.Ir, Msc

The South East Asian Journal of Management

This research aims to determine the level of interest by farmers in using the services of formal financial institutions, especially digital financial services (DFS). The methods of the research were descriptive statistics and SEM analysis. The majority of respondents (50%) farmed an average area of land less than 0.5 hectares, 26% of respondents an average of 0.75-1 hectares and 24% of respondents an average of 0.5-0.75 hectares of land. Based on the status of land ownership, as many as 76% of respondents owned the property itself, 19% had a “lease” arrangement and 5% used state owned “arable”land. A total of …