Jointly-Owned Enterprises implemented by several villages are programs that will be sustainable

The community is the object of development in every village, starting from 2009 the government has been active in producing community empowerment programs to be able to grow a healthy rural economy and avoid high unemployment rates considering that every year many young people graduate the best at the undergraduate level but do not have a place to be able to take part in the world of work.

In 2009 the government carried out community empowerment activities that were based on human development. Each fund given to the village will cut from the budget ceiling as much as 25% to carry out women's savings and loan activities or a revolving fund that will be loaned to people who need additional capital.

This revolving fund is managed by the selected activity implementing unit and the results are determined from inter-village deliberation facilitated by empowerment facilitators. In this deliberation, an activity management unit will be formed, a supervisory agency for an activity management unit, and an inter-village cooperation body. The participants were all village heads in one sub-district, representatives from community leaders from each village and representatives of women's groups as well as representatives of the beneficiaries of the program.

The revolving funds collected around 3 to 4 billion in each sub-district for six years. These funds are distributed to community groups who want to increase their capital in doing business. Many people submitted proposals to get this assistance because the administrative costs were only 12 percent of the total funds they wanted to collect.

The management board will take services from the administrative percent every month according to the income after deducting the initial capital so that the finances remain in balance at the end of each year without the initial capital score.

In 2014, the government revoked the program so that the funds that had been collected in the sub-districts had to be frozen by the cam in order to maintain the mandate of the law. Because this is public money that must be managed properly.

For 8 years the fund was inactive because at the beginning of 2015 the government gave birth to a village fund program where all policies changed completely from the previous program. So that the community funds that have been collected cannot be carried out because there are no regulations governing the mechanism for managing revolving funds since the village funds were dropped.

Exactly in 2022, the government, in this case, the village ministry, issued a regulation on community roll-out to be reactivated by transforming from a revolving fund into a Village Financial Institution Joint-Owned Enterprise.

In order to carry out this transformation, it is necessary for all parties to be actively involved in carrying out these regulations as quickly as possible. There are so many obstacles and obstacles in the field because a lot of the revolving funds were already stuck in the community itself.

As time goes on, the main focus is on the transformation of DBM to BUMDESMA LKD, then when it is later on its way, the revolving fund will be brought back into order which has been jammed in the community. Like it or not, the community must return state money to its place because the funds provided are borrowing and not merely providing grants.

𝐬𝐮𝐜𝐜𝐞𝐬𝐬 𝐰𝐢𝐥𝐥 𝐛𝐞 𝐨𝐛𝐭𝐚𝐢𝐧𝐞𝐝 𝐛𝐲 𝐚 𝐭𝐫𝐮𝐞 𝐩𝐞𝐫𝐬𝐨𝐧

Cc : @pennsif @steemcurator01