Improving Indonesian Women's Abiliaty Avoid Loan Sharking for Small Micro Entrepreneurs in Micro Waqf Bank

Abstract

Fulfilling household needs for a woman is required to be able to obtain and manage halal sourced finances from a small and micro-entrepreneur. The trap of conventional and online loan sharks poses a significant risk to the borrower's assets due to the lack of business capital they have in the short term. This study aims to analyze micro waqf bank customers with small and micro-entrepreneurs to avoid entrapment by a loan shark. The study at the El-Manahij micro waqf bank, Lebak Regency, Banten Province, used qualitative descriptive types through data collection interviews with managers, supervisor and the head of Halmi group. In contrast, data analysis used triangulation, namely data reduction, data display, data verification and conclusion. Research shows that customers choose micro waqf banks to replace moneylenders providing their business capital and have regular activities in the form of weekly group meetings aimed at knowing business progress, religious studies and gradual loan repayments. Micro waqf bank managers receive pawned valuables with sharia contracts to increase business capital. The customers are responsible for repaying business loans in stages, running social gatherings for customers to obtain excess capital and supervising fellow customers. The research implication shows that getting away from the snares of loan sharks can minimize the burden on micro and small businesses where they live. The significant role of micro waqf banks in providing sharia pawn support is to increase business capital to limit dealing with loan sharks.