Determinants of Online Sellers Intention in to Apply Micro Credit
Keywords:e-marketplace, intention, microcredit, MSME, online seller
The contribution of MSMEs to Indonesia's Gross Domestic Product (GDP) reached 61.41%, but only about 8% of MSME players have used e-commerce. One of the government policies to encourage MSMEs going online is to facilitate access to have microcredit (KUR) which has tailored to the e-commerce business model. This study aimed to look at the relationship of demography and characteristics of online business with the intention of to apply microcredit since the location and type of business of MSMEs are mostly not fixed. The data were obtained by online survey to the respondents selected by convenience sampling. This study used descriptive analysis and cross tabulation analysis of 235 respondents who are registered as members of the Indonesian Online Sellers Association. The results of the study showed that only the types of online business and other sources of income were significantly related to the intention in to apply for microcredit. Credit lending through media e-marketplaces could identify proper financing for the type of business for MSMEs. Further research by utilizing e-marketplace merchant database will provide a better description of MSME models for the intention in to apply microcredit.
â€¢ Abdullah NSN, Wahab NA. 2015. Investigating factors affecting the intention to use Islamic personal financing. International Journal of Management Studies. 22(S):47-60.
â€¢ Agyemang IK, Deh IY. Asuamah SY. 2013. Socio-Demographics effect in factors that shape decision to start own business. Journal of Small Business and Entrepreneurship Development. 1(1):34-41
â€¢ Alibaygi A, Pouya M. 2011. Socio-demographic determinants of entrepreneurial intentions: A case from Iran. African Journal of Business Management. 5(34): 13316-13321. DOI: 10.5897/AJBM11.2168
â€¢ Amin H. 2012. Patronage factors of Malaysian local customers toward Islamic credit cards. Management Research Review. 35(6): 512-530. DOI 10.1108/01409171211238271
â€¢ Ansari S, Farooqi R. 2017. Moderating effect of demographic variables on attitude towards online shopping: An empirical study using PROCESS. IOSR Journal of Business and Management. 19(11): 47-54.
â€¢ Ashari BH, Wibawa BM, Persada SF. 2017. Analisis deskriptif dan tabulasi silang pada konsumen online shop di instagram (Studi kasus 6 universitas di kota Surabaya). Jurnal Sains dan Seni ITS. 6(1):17-21.
â€¢ Asosiasi Penyelenggara Jasa Internet Indonesia. 2017. Penetrasi Pengguna Internet Indonesia 2017. Jakarta (ID): APJII
â€¢ Bain & Co. 2016. Can Southeast Asia Live Up to Its E-commerce Potentials? Singapore (SG). Bain & Company Inc
â€¢ Bank Indonesia. 2015. Profil Bisnis Usaha Mikro, Kecil dan Menengah. Jakarta (ID): BI.
â€¢ Bizri R, Jardali R, Bizri MF. 2017. Financing family firms in the Middle East: the choice between Islamic and conventional finance. International Journal of Entrepreneurial Behavior & Research. DOI 10.1108/IJEBR-10-2016-0349.
â€¢ Corrot P, Nussenbaum A. 2014. Marketplace: The Future of E-commerce. Paris (SG): Mirakl Marketplace SitusÂ©.
â€¢ Dachyar M, Banjarnahor L. 1997. Factors influencing purchase intention towards consumer-to-consumer e-commerce. Intangible Capital. 13(5):946-968.
â€¢ Gundes F, Sazkaya MK. 2018. Study of consumersâ€™ adoption and behavioural intention toward innovative banking products. Kafkas University. Faculty of Economics and Administrative Sciences. Journal. 9(17): 101-130. DOI:10.9775/kauiibfd.2018.005.
â€¢ Hassman M, Dafna S, Raphael B. 2013. Micro-enterprise lack of access to credit â€“ The israeli case. International Journal of Business and Economic Development. 1(3):1-14
â€¢ Hsu M H, Chang C M, Chu K K, Lee Y J. 2014. Determinants of repurchase intention in online group-buying: The perspectives of DeLone & McLean IS success model and trust. Computers in Human Behavior. 36:234â€“245.
â€¢ Ikatan Bankir Indoensia. 2014. Mengelola Kredit Secara Sehat. Jakarta (ID): Gramedia.
â€¢ Jadhav V, Khanna M. 2017. A demographic study of online buying behavior among college students in Mumbai, India. South Asian Journal of Management. 24(4): 11-34.
â€¢ Kajenthiran K, Karunanithy M, Achchuthan S. 2016. Antecedents of youth's intentions in seeking microcredit: Evidence from Jaffna district, Sri Lanka. International Journal of Accounting & Business Finance. 78-99.
â€¢ Katundu MA, Gabagambi DM. 2014. Demographic Determinants of Tanzanian Graduatesâ€™ enterpreneurial entry intentions: the casse of University of Dar-es-salaam. Research Journal of Economics, Business and ICT. 9(1):1-7.
â€¢ Indonesian Ministry of Communication and Informatics. 2017. Kolaborasi Mendorong Delapan Juta UMKM Go Online. Siaran Pers No. 222/HM/KOMINFO/11/2017. [Published 2017 November 15]. [Downloaded 2018 Juni 29]. Avai;able at: https://kominfo.go.id/content/detail/11484/siaran-pers-no-222hmkominfo112017
â€¢ Kotler P, Keller KL. 2016. Manajemen Pemasaran Edisi Ke-12 Jilid Pertama. Jakarta (ID): Indeks
â€¢ KPMG. 2017. Retail Payments in Indonesia Who Will drive The Cashless Revolution? Jakarta (ID): KPMG International
â€¢ Laudon, Kenneth C dan Traver, Carol G. (2016). E-Commerce 2016 (12th Edition). New Jersey (US): Pearson.
â€¢ Makpotche M, Logossah K, Amewokunu Y, Lawson-Body A dan Sedzro K. 2015. Impact of Cultural Beliefs on Entrepreneursâ€™ Intention to use Bank Loans. Journal of Applied Finance & Banking. 5(4):11-32.
â€¢ Mc.Kinsey & Co. 2018. The Digital Archipelago: How Online Commerce is Driving Indonesiaâ€™s Economic Development. Jakarta (ID): McKinsey & Company
â€¢ Nguyen C. 2018. Demographic factors, family background and prior self-employment on entrepreneurial intention â€“ Vietnamese business students are different: why? Journal of Global Entrepreneurship Research. 8(10):1-17.
â€¢ Pemerintah Indonesia. 2008. Undang-Undang tentang Usaha Mikro, Kecil dan Menengah. UNDANG-UNDANG REPUBLIK INDONESIA NOMOR 20 TAHUN 2008.
â€¢ Pemerintah Indonesia. 2013. Undang-Undang tentang Lembaga Keuangan Mikro. UNDANG-UNDANG REPUBLIK INDONESIA NOMOR 1 TAHUN 2013.
â€¢ Premalatha JJR. 2014. Influence of demographic profile on acceptance of internet banking in a non metro city in Tamil Nadu, India: An empirical study. Journal of Internet Banking and Commerce. 19(3): 1-15.
â€¢ Rahayu R, Day J. 2015. Determinant factors of e-commerce adoption by SMEs in Developing Country: Evidence from Indonesia. Procedia - Social and Behavioral Sciences. 195: 142 â€“ 150.
â€¢ Savrul M, Incekara A, Sener S. 2014. The potential of e-commerce for SMEs in a globalizing business environment. Procedia - Social and Behavioral Sciences. 150: 35 â€“ 45.
â€¢ Schiffman dan Kanuk. 2010. Perilaku Konsumen. Edisi 7. Jakarta (ID): Indeks.
â€¢ Singh I. 2014. Role of demographic variables in the formation of entrepreneurial intention. IOSR Journal of Business and Management. 16(12): 20-25.
â€¢ TalaÅŸ E, Ã‡elik AK, Oral IO. 2013. The Influence of demographic factors on entrepreneurial intention among undergraduate students as a career choice: the case of a Turkish University. American International Journal of Contemporary Research. 3(12): 22-31.
â€¢ Thaker MABMT, Mohammed MO, Duasa J, Abdullah MA. 2016. The behavioral intention of micro enterprises to use the Integrated Cash Waqf Micro Enterprise Investment (ICWME-I) Model as a source of financing. Gadjah Mada International Journal of Business. 18(2): 111-130.
â€¢ Thamizhvanan A dan Xavier MJ. 2012. Determinants of customersâ€™online purchase intention: An empirical study in India. Journal of Indian Business Research.5(1):17-32.
â€¢ Tolba A, Souedi I, Fahmi K. 2016. Factors influencing intentions of Egyptian MSME owners in taking commercial bank loans. Journal of Small Business & Entrepreneurship. 27(6): 497-518.
â€¢ Ueasangkomsate P. 2015. Adoption e-commerce for export market of small and medium enterprises in Thailand. Procedia Social and Behavioral Sciences. 207:111â€“120.
â€¢ Venkatesh J, Kumari RL, 2015. The application of e-commerce in Indian MSME sector. International Journal of Management and Social Science Research Review. 1(14): 49-55.
â€¢ Wickramasinghe V, Fernando D. 2017. 2017. Use of microcredit for household income and consumption smoothing by low income communities. International Journal of Consumer Studies. 2017:1â€“12. DOI: 10.1111/ijcs.12378.
How to Cite
- Papers must be submitted on the understanding that they have not been published elsewhere (except in the form of an abstract or as part of a published lecture, review, or thesis) and are not currently under consideration by another journal published by any other publisher.
- It is also the authors responsibility to ensure that the articles emanating from a particular source are submitted with the necessary approval.
- The authors warrant that the paper is original and that he/she is the author of the paper, except for material that is clearly identified as to its original source, with permission notices from the copyright owners where required.
- The authors ensure that all the references carefully and they are accurate in the text as well as in the list of references (and vice versa).
- Authors retain copyright and grant the journal right of first publication with the work simultaneously licensed under aÂ Creative Commons Attribution License that allows others to share the work with an acknowledgement of the work's authorship and initial publication in this journal.
- Authors are able to enter into separate, additional contractual arrangements for the non-exclusive distribution of the journal's published version of the work (e.g., post it to an institutional repository or publish it in a book), with an acknowledgement of its initial publication in this journal.
- Authors are permitted and encouraged to post their work online (e.g., in institutional repositories or on their website) prior to and during the submission process, as it can lead to productive exchanges, as well as earlier and greater citation of published work (SeeÂ The Effect of Open Access).
- The journal/publisher is not responsible for subsequent uses of the work. It is the author's responsibility to bring an infringement action if so desired by the author.