Abstract
Tri Hita Karana (THK) is the foundation and guide of the general Hinduism society in living their life. This study aims to identify THK integration on the synergy Village Credit Institution (LPD) and traditional village and observe the LPD contribution in the financial and tourism development at the traditional village in Gianyar, Bali. An ethnography approach was used to identify the problem. The result found that THK has a substantial role in the existence of LPD, which contributes to the traditional village development, especially in Gianyar. The existence of LPD also contributes significantly to the village's financial development, and the existence of LPD could have a significant impact on society’s knowledge and access to financial and services and promoting the regional tourism potential. This effort is also a form of strengthening and maintaining the sustainable existence of traditional village tourism and improving LPD performance in terms of financing and financial management of traditional villages
Highlights
Local Government Regulation of Bali Province, Number 3 of 2007 concerning the Village Credit Institution (LPD), stated that village credit's significance is to empower and create welfare for the traditional society
Tri Hita Karana (THK) and Village Credit Institution (LPD) The traditional village is the customary law society unit which has a region, position, original structure, traditional rights, independent wealth, tradition, society life etiquette across generations bounded to the holy place, duty and authority, as well as the right to rule and regulate it's household (Local Government Regulation of Bali Province Number 4 of 2019 Article 1 concerning the traditional village of Bali)
The THK concept becomes a guideline in managing traditional villages integrated with the Balinese people's local wisdom
Summary
Local Government Regulation of Bali Province, Number 3 of 2007 concerning the Village Credit Institution (LPD), stated that village credit's significance is to empower and create welfare for the traditional society. It especially for the pakraman (traditional village), which could benefit social, economic, and culture. Several previous studies have been conducted to highlight the role of LPD in the tourism sector, especially pakraman. One of those studies is Arka (2016). The result showed that the THK concept strongly influenced the LPD performance through the Good Corporate Governance approach. The THK concept integrates cultural and religious values, which are strongly attached to Balinese society
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