Adaptive Financing Pattern for Small Scale Fisheries with Case Study of Pajeko Fisheries in Bitung

he agriculture, forestry, and fisheries sectors have a share of 22.05% with 4.21% growth in North Sulawesi. The fisheries sub-sector dominates by 30%. The disbursement of banking institutions' credit for the sector increased by 35% in 2015-2017 but absorbs only 7% of total loans disbursed. The...

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Autores principales:	Fini Lovita, Arif Satria, Dedi Budiman Hakim
Formato:	article
Lenguaje:	EN ID
Publicado:	Bogor Agricultural University 2020
Materias:	Agriculture (General) S1-972 Business HF5001-6182
Acceso en línea:	https://doaj.org/article/d21ad2c25412473d8d4507270f71990e
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spelling	oai:doaj.org-article:d21ad2c25412473d8d4507270f71990e2021-11-04T04:20:00ZAdaptive Financing Pattern for Small Scale Fisheries with Case Study of Pajeko Fisheries in Bitung1693-58532407-252410.17358/jma.17.2.173https://doaj.org/article/d21ad2c25412473d8d4507270f71990e2020-07-01T00:00:00Zhttps://jurnal.ipb.ac.id/index.php/jmagr/article/view/32424https://doaj.org/toc/1693-5853https://doaj.org/toc/2407-2524he agriculture, forestry, and fisheries sectors have a share of 22.05% with 4.21% growth in North Sulawesi. The fisheries sub-sector dominates by 30%. The disbursement of banking institutions' credit for the sector increased by 35% in 2015-2017 but absorbs only 7% of total loans disbursed. The reluctance of formal financial institutions to provide credit to improve small fisheries has increased in non-formal financing. This study identifies factors influencing financing sources choice, comparison of bank and non-bank financing sources, and recommend adaptive financing patterns for small fisheries. Based on descriptive qualitative analysis of in-depth interviews with 32 respondents from 85 Pajeko fishers (mini purse seine) in the Bitung Oceanic Fishing Port (PPS), concluded that 97% of Pajeko fishers in Bitung chose non-bank to finance their operation with determinant factors of financial source: (i) easiness administration (88%), (ii) payment flexibility (78%), and (iii) collateral (69%). The result of comparison simulation shows that boat owner financing with profit sharing for three (boat, boat owner, crews) is the most profitable for the boat owner, while bank loan financing with profit sharing for two (boat owner, crews) is the most profitable for crews. Accordingly, an adaptive financing strategy development is recommended for banking institutions based on influencing factors of fisher’s choices and Pajeko fisher’s characteristics-based approach. Keywords: Pajeko fishery, resource of financing, bank financing source, non-bank financing source, adaptive financingFini LovitaArif SatriaDedi Budiman HakimBogor Agricultural UniversityarticleAgriculture (General)S1-972BusinessHF5001-6182ENIDJurnal Manajemen & Agribisnis, Vol 17, Iss 2, Pp 173-173 (2020)
institution	DOAJ
collection	DOAJ
language	EN ID
topic	Agriculture (General) S1-972 Business HF5001-6182
spellingShingle	Agriculture (General) S1-972 Business HF5001-6182 Fini Lovita Arif Satria Dedi Budiman Hakim Adaptive Financing Pattern for Small Scale Fisheries with Case Study of Pajeko Fisheries in Bitung
description	he agriculture, forestry, and fisheries sectors have a share of 22.05% with 4.21% growth in North Sulawesi. The fisheries sub-sector dominates by 30%. The disbursement of banking institutions' credit for the sector increased by 35% in 2015-2017 but absorbs only 7% of total loans disbursed. The reluctance of formal financial institutions to provide credit to improve small fisheries has increased in non-formal financing. This study identifies factors influencing financing sources choice, comparison of bank and non-bank financing sources, and recommend adaptive financing patterns for small fisheries. Based on descriptive qualitative analysis of in-depth interviews with 32 respondents from 85 Pajeko fishers (mini purse seine) in the Bitung Oceanic Fishing Port (PPS), concluded that 97% of Pajeko fishers in Bitung chose non-bank to finance their operation with determinant factors of financial source: (i) easiness administration (88%), (ii) payment flexibility (78%), and (iii) collateral (69%). The result of comparison simulation shows that boat owner financing with profit sharing for three (boat, boat owner, crews) is the most profitable for the boat owner, while bank loan financing with profit sharing for two (boat owner, crews) is the most profitable for crews. Accordingly, an adaptive financing strategy development is recommended for banking institutions based on influencing factors of fisher’s choices and Pajeko fisher’s characteristics-based approach. Keywords: Pajeko fishery, resource of financing, bank financing source, non-bank financing source, adaptive financing
format	article
author	Fini Lovita Arif Satria Dedi Budiman Hakim
author_facet	Fini Lovita Arif Satria Dedi Budiman Hakim
author_sort	Fini Lovita
title	Adaptive Financing Pattern for Small Scale Fisheries with Case Study of Pajeko Fisheries in Bitung
title_short	Adaptive Financing Pattern for Small Scale Fisheries with Case Study of Pajeko Fisheries in Bitung
title_full	Adaptive Financing Pattern for Small Scale Fisheries with Case Study of Pajeko Fisheries in Bitung
title_fullStr	Adaptive Financing Pattern for Small Scale Fisheries with Case Study of Pajeko Fisheries in Bitung
title_full_unstemmed	Adaptive Financing Pattern for Small Scale Fisheries with Case Study of Pajeko Fisheries in Bitung
title_sort	adaptive financing pattern for small scale fisheries with case study of pajeko fisheries in bitung
publisher	Bogor Agricultural University
publishDate	2020
url	https://doaj.org/article/d21ad2c25412473d8d4507270f71990e
work_keys_str_mv	AT finilovita adaptivefinancingpatternforsmallscalefisherieswithcasestudyofpajekofisheriesinbitung AT arifsatria adaptivefinancingpatternforsmallscalefisherieswithcasestudyofpajekofisheriesinbitung AT dedibudimanhakim adaptivefinancingpatternforsmallscalefisherieswithcasestudyofpajekofisheriesinbitung
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Adaptive Financing Pattern for Small Scale Fisheries with Case Study of Pajeko Fisheries in Bitung

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