Mujiansyah, Mujiansyah Inclusive Financial Innovation Model for SME Empowerment: Integration of Financing Institutions, Venture Capital, and Microfinance. Banjarmasin.

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ABSTRAK

Small and Medium Enterprises (SMEs) in Indonesia face the challenge of limited access to finance, with only 30% of SMEs having access to formal bank credit. This study examines an inclusive financial innovation model for empowering SMEs through the integration of conventional financing institutions, venture capital, and microfinance. The main theoretical framework includes the complementarity theory in SME financing, the blended finance model, and the ecosystem approach in SME financing. The problem formulation includes how to integrate various financing models, the role of financial technology, the development of an inclusive credit assessment model, and strategies for improving SME financial literacy. Using a qualitative document review method, this study analyzes various secondary data sources through thematic content analysis. The findings show significant potential for the Integrated SME Finance Ecosystem (ISFE) model that combines an integrated digital platform, an alternative credit scoring system, and a step-up financing approach. The conclusion shows that the integration of financing models can increase SME financial access by up to 50%, but requires regulatory harmonization and collaboration between stakeholders. This study provides theoretical contributions to the development of the concept of inclusive finance and practical implications for policy makers and financial institutions in improving SME financing access in Indonesia.

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