1 Regional Development Planning Agency of Papua Province, Jayapura, Papua Province, Indonesia
2 Regional Development Planning Agency of Magelang City, Central Java Province, Indonesia
Abstract
This research is a focused analysis of BUMKam (Village-Owned Enterprises) in Holtekamp, Jayapura, with a particular emphasis on the microfinance units. The study^s primary goal is to delve into the untapped potential of these microfinance units and scrutinize the key challenges impeding their ef-fective management. The research reveals a notable deficiency in the integra-tion and coordination among the various BUMKam units in Holtekamp. This lack of synergy leads to suboptimal revenue generation within the micro-finance sector. Moreover, the research identifies low levels of community participation and a deficit in essential managerial skills as additional barriers to the efficient operation of these microfinance units. A crucial finding of the study is the pressing need for a comprehensive BUMKam model. This model should feature interconnected units that can facilitate the establish-ment of integrated markets, encompassing a broad spectrum of economic ac-tivities such as goods, money, labor, loan funds, stocks, and exports. By im-plementing such a holistic approach, the microfinance sector can be revital-ized within the BUMKam framework, contributing to sustainable economic growth and financial stability in Holtekamp, Jayapura. This research offers valuable insights into the microfinance landscape, emphasizing its pivotal role in the prosperity and development of the local community.
Keywords: Microfinance, Village-Owned Enterprises, Community participation, Reve-nue generation
