Manuscript Title:

JOINT RESPONSIBILITY SYSTEM IN OVERCOMING BAD CREDIT

Author:

IDA NURYANA, UBUD SALIM, SUMIATI, M. HELMI DJAWAHIR

DOI Number:

DOI:10.17605/OSF.IO/XNTC9

Published : 2021-12-10

About the author(s)

1. IDA NURYANA - Doctoral Program, Management Science, Faculty of Economics and Business. Brawijaya University.
2. UBUD SALIM - Doctoral Program, Management Science, Faculty of Economics and Business. Brawijaya University.
3. SUMIATI - Doctoral Program, Management Science, Faculty of Economics and Business. Brawijaya University.
4. M. HELMI DJAWAHIR - Doctoral Program, Management Science, Faculty of Economics and Business. Brawijaya University.

Full Text : PDF

Abstract

Cooperative is microfinance institution that offers financial services to low-income families in this situation. These clients are frequently categorized as micro and small businesses (MSEs). Cooperatives include participants who carry out regular operations and create small communities for financial distribution in order to assist micro and small businesses (MSEs) or small enterprises by offering loans that are paid back in monthly installments by the small groups. The researcher's aim is to learn what there is to know about "The Joint Responsibility System." What is it in this structure that allows the cooperative to grow so well that its membership has almost reached 10,000 people? Cooperative management, managers, and community executives, as well as members, are among the study samples. Data processing through evaluation, questionnaire, recording, and data interpretation utilizing Compiling, Disassembling, Reassembling, and Arraying, Interpreting, and Concluding in qualitative methods for the positivism model. The findings reveal that the cooperative and its participants are in equally matched. All participants of the party were dissatisfied because they had to divide their mates'/other members' arrears increments. As a result, the cooperative's collective liability scheme is burdensome to the participants. This arrangement is beneficial; the cooperative's efficiency improves, and the cooperative's reputation rises as a result of the implementation of a joint accountability system.


Keywords

Joint Responsibility, Performance, Value System.