PERAN BMT SAHABAT MESUJI DALAM MENGURANGI PRAKTIK RENTENIR

Abstract

Money lender are a non-institutional financial service provider that serves as an alternative for the Mesuji community to obtain loans. In practice, Money lender charge relatively high interest rates with short repayment terms. Some loan shark users experience difficulty repaying the principal and interest, resulting in asset seizures. This study aims to demonstrate the role of BMT Sahabat Mesuji in reducing Money lender practices in the surrounding community. This study used a qualitative approach with a phenomenological design. Informants supporting this research were the BMT manager and several Money lender users who had switched to using the BMT. Data were collected through interviews and cross-examined. The results indicate that the presence of the BMT has reduced loan shark practices in the Mesuji sub-district through product socialization programs, low financing margins, and active participation in social activities.