Community Response To The Implementation Of The Saving Group Program By The Living Foundation Foundation In Sumbul Village, STM Hilir District, Deli Serdang Regency

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Community Response to the Implementation of the Saving Group Program by the Living Foundation Foundation in Sumbul Village, STM Hilir District, Deli Serdang Regency

Introduction

Located in the District of STM Hilir, Deli Serdang Regency, Sumbul Village faces significant economic challenges that affect the well-being of its community. To address this issue, the Living Foundation Foundation launched the Saving Group program, aiming to improve the standard of living of the community through saving and entrepreneurship activities. This study aims to explore how the Sumbul Village community responds to the program and to develop concepts and theories related to Saving Group.

Background

Sumbul Village, like many other rural communities, struggles with economic instability, which can lead to poverty and social inequality. The Living Foundation Foundation recognized the need to empower the community through financial and entrepreneurship education. The Saving Group program was designed to provide a platform for community members to save and invest in various business activities, ultimately improving their economic well-being.

Methodology

This study employed a descriptive research design, involving a population of 57 people from Sumbul Village. A census sampling technique was used, where all members of the population were involved to provide data. Questionnaire instruments were used to collect data, and quantitative analysis with descriptive data analysis techniques was employed to analyze the data.

Results

The results of the analysis show that the community's response to the Saving Group program is overwhelmingly positive. In the aspect of socialization, program participants demonstrate a clear understanding of the objectives and benefits of Saving Group. This is reflected in the high level of participation and commitment to the program. The community shows a strong interest in saving activities, as evident in the arrangement of savings groups and their understanding of the articles of association issued by the Living Foundation Foundation.

Furthermore, entrepreneurship activities also received a positive response. Program participants are not only involved in saving but also in various business activities designed to increase family income. The types of entrepreneurial activities carried out vary, and the community shows a good understanding of the business potential that can be developed.

Impact of the Saving Group Program

The success of the Saving Group program in Sumbul Village has a significant impact on improving individual economies and community strengthening. By being involved in savings and joint effort activities, villagers began to build a more solid social network, supporting each other in achieving economic goals. This creates a positive and collaborative environment, which is expected to contribute to sustainable local economic development.

Conclusion

The Saving Group program by the Living Foundation Foundation in Sumbul Village can be considered an effective model in empowering the community through financial and entrepreneurship education. With the right support and sustainable development, it is hoped that this program can continue to improve the welfare of the people of Sumbul Village and become an example for other villages in Deli Serdang Regency.

Recommendations

Based on the findings of this study, the following recommendations are made:

  1. Continued Support: The Living Foundation Foundation should continue to provide support to the Saving Group program, ensuring its sustainability and effectiveness.
  2. Capacity Building: The community should be provided with capacity-building training to enhance their skills and knowledge in entrepreneurship and financial management.
  3. Networking: The community should be encouraged to establish networks with other villages and organizations to share best practices and learn from each other's experiences.
  4. Monitoring and Evaluation: Regular monitoring and evaluation of the program should be conducted to assess its impact and identify areas for improvement.

Limitations

This study has several limitations, including:

  1. Small Sample Size: The study involved a small sample size, which may limit the generalizability of the findings.
  2. Limited Data Collection: The study relied on questionnaire instruments, which may not capture the full range of community responses to the Saving Group program.
  3. Short-Term Focus: The study focused on the short-term impact of the program, and further research is needed to assess its long-term effects.

Future Research Directions

Future research should focus on:

  1. Long-Term Impact: Assessing the long-term impact of the Saving Group program on the community's economic well-being.
  2. Scalability: Exploring the scalability of the program to other villages and regions.
  3. Comparative Analysis: Conducting a comparative analysis of the Saving Group program with other community development initiatives.

By addressing these limitations and exploring new research directions, this study aims to contribute to the development of effective community development programs that empower rural communities to improve their economic well-being.
Q&A: Community Response to the Implementation of the Saving Group Program by the Living Foundation Foundation in Sumbul Village, STM Hilir District, Deli Serdang Regency

Introduction

The Saving Group program implemented by the Living Foundation Foundation in Sumbul Village, STM Hilir District, Deli Serdang Regency has received a positive response from the community. This program aims to improve the standard of living of the community through saving and entrepreneurship activities. In this Q&A article, we will address some of the frequently asked questions about the Saving Group program and its impact on the community.

Q: What is the Saving Group program, and how does it work?

A: The Saving Group program is a community-based initiative that aims to empower rural communities to improve their economic well-being through saving and entrepreneurship activities. The program involves the formation of savings groups, where community members pool their resources to save and invest in various business activities.

Q: What are the benefits of the Saving Group program?

A: The Saving Group program offers several benefits to the community, including:

  • Improved financial literacy and management skills
  • Increased access to credit and financial services
  • Enhanced entrepreneurship skills and knowledge
  • Improved economic well-being and standard of living
  • Strengthened social networks and community cohesion

Q: How does the Saving Group program address poverty and economic instability in Sumbul Village?

A: The Saving Group program addresses poverty and economic instability in Sumbul Village by providing community members with access to financial resources and entrepreneurship training. This enables them to start and grow their own businesses, creating employment opportunities and improving their economic well-being.

Q: What is the role of the Living Foundation Foundation in the Saving Group program?

A: The Living Foundation Foundation plays a crucial role in the Saving Group program by providing technical assistance, training, and support to community members. The foundation also provides access to financial resources and markets, enabling community members to start and grow their businesses.

Q: How does the Saving Group program impact the community's social and economic development?

A: The Saving Group program has a positive impact on the community's social and economic development by:

  • Strengthening social networks and community cohesion
  • Improving financial literacy and management skills
  • Enhancing entrepreneurship skills and knowledge
  • Increasing access to credit and financial services
  • Improving economic well-being and standard of living

Q: What are the challenges faced by the Saving Group program, and how are they addressed?

A: The Saving Group program faces several challenges, including:

  • Limited access to financial resources and markets
  • Limited entrepreneurship skills and knowledge
  • Limited financial literacy and management skills
  • Limited social and economic infrastructure

These challenges are addressed through:

  • Providing technical assistance and training to community members
  • Access to financial resources and markets
  • Enhancing entrepreneurship skills and knowledge
  • Improving financial literacy and management skills
  • Strengthening social networks and community cohesion

Q: What is the future of the Saving Group program, and how can it be scaled up?

A: The future of the Saving Group program is promising, with plans to scale up the program to other villages and regions. This will involve:

  • Expanding the program to reach more community members
  • Enhancing the program's technical assistance and training
  • Increasing access to financial resources and markets
  • Strengthening social networks and community cohesion

Conclusion

The Saving Group program implemented by the Living Foundation Foundation in Sumbul Village, STM Hilir District, Deli Serdang Regency has received a positive response from the community. The program addresses poverty and economic instability in the village by providing community members with access to financial resources and entrepreneurship training. The program's impact on the community's social and economic development is significant, and it has the potential to be scaled up to other villages and regions.