Analysis of the Effect of Jakpreneur Program Implementation on Improving MSMEs Financial Performance

Abstract

The government plays an important role in supporting the growth of MSMEs, contributing greatly to the nation's economy. This study aims to examine the implementation of the Jakpreneur program in improving the financial performance of MSMEs in DKI Jakarta. The samples in this study were 220 respondents with the criteria of MSMEs in the West Jakarta area who had been established and joined the Jakpreneur program for more than one year. Research data were analyzed using the PLS-SEM method. The results showed that the Training, Marketing, Financial Reporting, and Capital programs had a positive and significant effect, while the Mentoring program had a positive but insignificant effect. On the other hand, the Licensing Program has an insignificant effect on improving the financial performance of MSMEs.