Financial Literacy for VOE’s MSMEs: Training on Transaction Recording and Working Capital Management in Gwinjaya
Keywords:
Financial Literacy, Transaction Recording, Working Capital ManagementAbstract
Purposes: This community service activity aims to improve the financial literacy of Micro, Small, and Medium Enterprises (MSMEs) through training on systematic financial transaction recording and effective working capital management. Enhanced financial literacy is expected to help MSME actors manage their businesses more professionally, optimize working capital use, and support sustainable business growth. The program addresses the low level of financial understanding among MSMEs and Village-owned enterprise (VOE) managers, particularly regarding cash flow, profit and loss, and working capital management.
Design/Methodology/Approach: The program was delivered through face-to-face sessions combining lectures, interactive discussions, and practical exercises. Financial management simulations and card-based games were used to enhance understanding of transaction recording and working capital planning. The activity involved 15 MSME participants, and its effectiveness was evaluated through pre-test and post-test assessments measuring changes in financial literacy.
Findings: The pre-test and post-test results show a significant improvement in participants’ financial literacy after the training. Participants demonstrated better understanding of transaction recording, cash flow management, and working capital planning. The findings also indicate that limited financial records had previously constrained MSMEs and VOEs in accessing formal financing. Moreover, participants expressed a strong interest in follow-up activities focusing on business capital development and financial reporting practices.
Originality/Value: This program offers a practical and context-based financial literacy model for rural MSMEs and VOE by integrating participatory learning and simulation methods. The approach contributes to improving financial management capacity and supports sustainable village-level economic development.
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Copyright (c) 2026 Meinarni Asnawi, Pascalina Van Sweet Sesa, Klara Wonar (Author)
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