Proceedings of the International Conference on Sustainable Green Tourism Applied Science - Social Applied Science 2024 (ICoSTAS-SAS 2024)

Financial Management based on Catur Purusa Artha in Microcredit Finance (LPD)

Authors
Ni Komang Urip Krisna Dewi1, *, Nyoman Angga Pradipa1, Kadek Dian Jatiwardani2
1Accounting Department, Politeknik Negeri Bali, Badung, Bali, Indonesia
2Tourism Department, Politeknik Negeri Bali, Badung, Bali, Indonesia
*Corresponding author. Email: uripkrisna@pnb.ac.id
Corresponding Author
Ni Komang Urip Krisna Dewi
Available Online 31 December 2024.
DOI
10.2991/978-94-6463-622-2_38How to use a DOI?
Keywords
Catur Purusa Artha; Financial Management; Microcredit Finance
Abstract

The Village Credit Institution (LPD) is a unique financial institution in Bali. LPD is managed by village residents (banjar). LPD has an important role in supporting the economic growth of the community on the island of Bali. Even though LPDs have a vital position in Bali, several LPDs have experienced bankruptcy due to poor financial management and fraud prevention. LPD in Bali strives to manage management based on local Balinese values to avoid bankruptcy. One of the local values applied is Catur Purusa Artha. Catur Purusa Artha are the four goals of human life. This research aims to analyze financial management and prevention of fraud based on the values of the Catur Purusa Artha philosophy in Village Credit Institutions (LPD). This research uses a qualitative approach with a case study method. Informants are informants at LPD X and other related informants. Data collection was carried out by interviews, non-participant observation, and documentation. The novelty in this research is that previous researchers only focused on those based on Tri Hita Karana. Researchers tried to explore different values, namely the Catur Purusa Artha value. The result found that LPD actualizes Catur Purusa Artha in managing finances in LPD. Catur Purusa Artha consists of four balanced and harmonious life goals, consisting of Dharma (virtue), Artha (prosperity), Kama (desire), and Moksa (liberation). LPD’s actualization in interpreting Catur Purusa Artha in financial prevention and management is not only actualized for the community/personal interests of LPD, but also for nature or the environment.

Copyright
© 2024 The Author(s)
Open Access
Open Access This chapter is licensed under the terms of the Creative Commons Attribution-NonCommercial 4.0 International License (http://creativecommons.org/licenses/by-nc/4.0/), which permits any noncommercial use, sharing, adaptation, distribution and reproduction in any medium or format, as long as you give appropriate credit to the original author(s) and the source, provide a link to the Creative Commons license and indicate if changes were made.

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Volume Title
Proceedings of the International Conference on Sustainable Green Tourism Applied Science - Social Applied Science 2024 (ICoSTAS-SAS 2024)
Series
Advances in Economics, Business and Management Research
Publication Date
31 December 2024
ISBN
978-94-6463-622-2
ISSN
2352-5428
DOI
10.2991/978-94-6463-622-2_38How to use a DOI?
Copyright
© 2024 The Author(s)
Open Access
Open Access This chapter is licensed under the terms of the Creative Commons Attribution-NonCommercial 4.0 International License (http://creativecommons.org/licenses/by-nc/4.0/), which permits any noncommercial use, sharing, adaptation, distribution and reproduction in any medium or format, as long as you give appropriate credit to the original author(s) and the source, provide a link to the Creative Commons license and indicate if changes were made.

Cite this article

TY  - CONF
AU  - Ni Komang Urip Krisna Dewi
AU  - Nyoman Angga Pradipa
AU  - Kadek Dian Jatiwardani
PY  - 2024
DA  - 2024/12/31
TI  - Financial Management based on Catur Purusa Artha in Microcredit Finance (LPD)
BT  - Proceedings of the International Conference on Sustainable Green Tourism Applied Science - Social Applied Science 2024 (ICoSTAS-SAS 2024)
PB  - Atlantis Press
SP  - 345
EP  - 351
SN  - 2352-5428
UR  - https://doi.org/10.2991/978-94-6463-622-2_38
DO  - 10.2991/978-94-6463-622-2_38
ID  - Dewi2024
ER  -