Do Debtor's Business and Welfare Better? Study on Ultra Micro Financing Program in Indonesia

Abstract

Ultra Micro Financing is a government program that aims to improve the welfare of micro, small and medium businesses. This article aims to analyse the influence of Ultra Micro Financing on business and debtor welfare. There are 234 debtors as respondents. Analysis uses the Wilcoxon signed rank test. The variables for the debtor's business are business assets and business turnover, while debtor welfare are electricity costs and consumption expenditure. The results show that there has been an increase in the average debtor business as measured by business assets per year, increasing by 38.94% and business turnover per year increasing by 18.50%. Debtor welfare as measured by monthly electricity costs increased by 9.64% and per capita consumption expenditure per week increased by 12.50%.