The Influence of Micro-Financing and Educational Levels on Fishermen's Financial Management with Financial Literacy as a Moderating Variable
DOI:
https://doi.org/10.32832/neraca.v21i1.22458Keywords:
Financial Management, Microfinance, Financial Literacy, Education Level, FishermenAbstract
This study aims to analyze the effect of microfinance and education level on fishermen's financial management, as well as to examine the role of financial literacy as a moderating variable. This study uses a quantitative approach with a survey method involving fishermen as respondents in the Trikora Coastal Area, Bintan Regency. The data analysis technique used is SEM-PLS to test the hypothesis. The results found that microfinance with a significance value of 0.043 and financial literacy with a significance value of 0.000 had a direct, positive, and significant effect on improving fishermen's financial management. Conversely, formal education level with a significance value of 0.848 was not proven to have a significant effect. An important finding from this study is the lack of financial literacy needed to regulate the relationship between financial management and microfinance as well as between education level and financial management. These results imply that in the context of fishermen, financial knowledge does not interact with access to capital or formal education, possibly because of the dominance of urgent operational needs and the higher relevance of practical knowledge (fishing experience)
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