Analysis of Financial Inclusion and Sustainability of Women's MSMEs

Authors

  • Putri Asrina Universitas Riau, Indonesia
  • Rahmita Budiarti Ningsih Universitas Riau, Indonesia
  • Anthony Mayes Universitas Riau, Indonesia
  • Indri Yovita Universitas Riau, Indonesia

DOI:

https://doi.org/10.24256/kharaj.v7i4.8439

Abstract

The existence of women-owned MSMEs makes a significant contribution to improving the local economy and community welfare. However, in managing MSMEs, women entrepreneurs also face challenges in supporting business sustainability, both internal and external challenges. This study aims to analyze the relationship between financial inclusion and the sustainability of micro, small, and medium enterprises (MSMEs) managed by women in Pekanbaru City. This research was conducted using a quantitative approach by providing questionnaires to respondents. The sampling technique used purposive sampling. The data analysis technique used was Partial Least Square (PLS). The test results show that digital literacy has a direct influence on financial inclusion, while government support, financial literacy, and education have a direct influence on the sustainability of women's MSMEs in Pekanbaru City. Furthermore, it was also found that there was no indirect influence moderated by the financial inclusion variable. So financial inclusion is not a variable that is able to connect financial literacy, digital literacy, education and government support for the sustainability of women's MSMEs in Pekanbaru City.

References

Adyatma, O. S., & Ayudiati, C. (2024). Analisis Pengaruh Literasi Keuangan, Inklusi Keuangan, dan Government Support Terhadap Kinerja dan Keberlanjutan UMKM. EKOMA : Jurnal Ekonomi, Manajemen, Akuntansi, 4(1), 3169–3178. https://doi.org/10.56799/ekoma.v4i1.6472

Andriani, A. Z. (2025). Pengaruh Tingkat Pendidikan Terhadap Inklusi Keuangan Di Indonesia. 4(3), 5224–5232.

Anggraeni, W. C., Ningtiyas, W. P., & Alimah, N. M. (2021). Kebijakan Pemerintah Dalam Pemberdayaan UMKM Di Masa Pandemi Covid-19 Di Indonesia. 3(1), 47–65.

Ayu, E. N. C. P., & Dewi, G. A. K. R. S. (2021). Pengaruh Literasi Keuangan, Penggunaan Informasi Akuntansi Dan Modal Usaha Terhadap Keberlanjutan Umkm Di Kecamatan Buleleng. 10(02), 160–169.

Chaidir, M., Yulianti, G., & Ruslaini, R. (2025). Pengaruh Literasi Keuangan terhadap Keberlanjutan Bisnis UMKM di Indonesia. JUMBIWIRA : Jurnal Manajemen Bisnis Kewirausahaan, 4(1), 4(1), 218–220. https://doi.org/10.24903/je.v10i1.1217

Chin, W. W. (2000). Partial Least Squares For Researchers : An overview and presentation of recent advances using the PLS approach. January 2000.

Irdawati, & Nurlia. (2025). Pengaruh Literasi Keuangan dan Manajemen Kas terhadap Keberlanjutan UMKM Sektor Perdagangan di Kota Bekasi. 1(1), 35–48.

Jannah, S. I., Khusnah, H., Anugraini, M., Nahdlatul, U., & Surabaya, U. (2023). Efek Mediasi Penggunaan Financial Technology Pada Pengaruh Literasi Keuangan Terhadap Inklusi Keuangan. 12(1), 35–44. https://doi.org/10.26740/akunesa

Jihan, S., & Lubis, T. A. (2024). Pengaruh Literasi Digital Dan Strategi Bisnis Online To Offline ( O2O ) Terhadap Business Sustainability Di Era Digital Dengan Employee Creativity Sebagai Variabel Mediasi ( Studi Pada Umkm Mitra Marketplace Parto . Id ). Jurnal Manajemen Terapan Dan Keuangan, 13(05), 1856–1868.

Kementerian UMKM Republik Indonesia. (2025). Pengusaha UMKM Berdasarkan SIDT-UMKM. https://satudata.umkm.go.id/login

Lisnawati. (2024). Tantangan umkm di tahun 2024.

Nurhasana, S., & Hadi, W. N. (2025). The Effect Of Government Support Through The Integrated Sme Development Management System On The Sustainability Of Micro Enterprises In Probolinggo, East Java. 8, 1920–1927.

Pratiwi, A. R., Supriyatin, D., Pangestu, R., & Putri, A. F. M. (2024). Pengaruh Literasi Digital dan Keterampilan Digital Wirausaha Wanita Terhadap Kinerja UMKM di Kabupaten Purbalingga. Seminar Nasional Ilmu Ekonomi Dan Akuntansi, 1(2), 265–273.

Purbadharmaja, I. B. P., & Widanta, A. aAgung B. P. (2023). Keberlanjutan dan Inklusi Keuangan pada Pelaku UMKM Penerima BPUM di Provinsi Bali. 12(1), 108–119.

Puspitasari, A. D., Octavini, N. A., Setiawan, Y., & Nuraini, R. (2024). Jurnal Ilmiah Manajemen Dan Bisnis Keberlanjutan UMKM Perempuan : Literasi Keuangan , Inklusi Keuangan dan Fintech Jurnal Ilmiah Manajemen Dan Bisnis. 25(2), 122–142.

Downloads

Published

2025-11-24

How to Cite

Asrina, P., Rahmita Budiarti Ningsih, Anthony Mayes, & Indri Yovita. (2025). Analysis of Financial Inclusion and Sustainability of Women’s MSMEs. Al-Kharaj: Journal of Islamic Economic and Business, 7(4). https://doi.org/10.24256/kharaj.v7i4.8439

Issue

Vol. 7 No. 4 (2025): All articles in this issue include authors from 3 countries of origin (Indonesia, Turkey and Timur Leste)

Section

Articles

Citation Check

License

Copyright (c) 2025 Putri asrina, Rahmita Budiarti Ningsih, Anthony Mayes, Indri Yovita

Creative Commons License

This work is licensed under a Creative Commons Attribution-ShareAlike 4.0 International License.

Authors retain copyright and grant the journal right of first publication with the work simultaneously licensed under a Creative Commons Attribution-ShareAlike 4.0 International License. In line with the license, authors are allowed to share and adapt the material. In addition, the material must be given appropriate credit, provided with a link to the license, and indicated if changes were made. If authors remix, transform or build upon the material, authors must distribute their contributions under the same license as the original.