Analisis Kelayakan Pengembangan Usaha Mikro, Kecil, Dan Menengah Ditinjau Dari Aspek Keuangan Syariah (Studi Kasus Pada Usaha Kuliner “PUDINGKU LUCKY”)

Abstrak

Micro, Small and Medium Enterprises are always interesting to study, not only from operational aspects and marketing aspects, including financial aspects. The government's efforts to encourage the MSME sector to continue to grow and compete from a financial aspect are not working as expected. December 2023 data shows that the ratio of MSMEs to credit access is still less than 20% or 19.36% to be precise. Access to financing from the banking sector can be used as additional working capital or business expansion, but of course requires a financial feasibility analysis to assess whether the business being run and being provided with financing is economically feasible or not. Conventionally, from a financial aspect, the measuring tools used to determine the feasibility of a business are Payback Period (PP), Average Rate of Return (ARR), Net Present Value (NPV), Internal Rate of Return (IRR), and Profitability Index (PI) . However, conventional assessments still use interest rates in their calculations, which in Islam is a prohibited practice, so financial feasibility assessments based on sharia concepts are really needed, namely by using the Gold Value Method (GVM) and Gold Index (GI). From the analysis results, the GVM value was 62.7 and GI 3.8, which shows that the business is worthy of development.

Kata kunci

• Feasibility study
• micro small and medium enterprises
• sharia finance