Lending Models Seaweed Farming of Bajo Community

Fausayana, Ine; Salman, Darmawan; Ali, M. Saleh. S.; Darma, Rahim; Nurani Sirajuddin, Sitti
May 2014
Australian Journal of Basic & Applied Sciences;May2014, Vol. 8 Issue 7, p434
Academic Journal
The research was aimed to determine the lending models seaweed farming of Bajo community. The experiment was conducted from March to September 2013. This research was a case study on seaweed farmers in the village of Bungin Permai, Konawe South District, Southeast Sulawesi, Indonesia. Community in this village are the majority seaweed farmers of Bajo, a tribe whose life is highly dependent on marine resources and the village that is located in the middle of the sea (floating village). The data collected was primary data and secondary data through observation and interviews in farmers, farmer groups, merchant groups, and lending institutions. Data were analyzed using cash flow analysis, and qualitative descriptive analysis. The results showed that, the financing model of seaweed farming in the village of Bungin Permai was a model of traditional loan, where the lender is referred to as Ponggawa/bos will buy dried seaweed production from farmers by a margin of IDR 1,500 from the current price in the market. There were no pure bank funds channeled to the development of seaweed farming in the village of Bungin Permai. The proposed financing model was a model of financing with terms and procedures tailored to the cash flow of business conditions, natural conditions, social and cultural community in the village. To develop the potential of seaweed in Bungin Permai village and farmers can produce economies of scale, it is expected that the support provided by the Government and lending institution and can be adjusted to the conditions farmer cash flow, social and cultural communities.


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