The Effect of Financial Literacy on the Financial Management of Indigenous Papuan Traders in the Traditional Market of Sorong City
Main
Fensca Fenolisa Lahallo*
Frits Gerit John Rupilele
Indigenous Papuan merchant mothers, the backbone of the family economy, often face limitations in financial knowledge and skills. This is reflected in simple financial management patterns, such as not separating personal and business finances, minimal budget planning, and low saving or investment awareness. Many are trapped in financial stagnation or losses due to poor understanding of income management, expense control, and economic risk strategies, hindering business continuity and daily needs fulfillment. This research examines the influence of financial literacy on the financial management of native Papuan women traders in Sorong City's Traditional Market. A mixed-method approach was used, combining quantitative surveys with qualitative techniques. Data collection involved observation, interviews, and questionnaires from a sample of 157 traders. The findings show that having knowledge in finance positively impacts how one manages their finances. This is supported by a t-value of 15.873, indicating a strong correlation. Additionally, with a significance level of 0.000 and an R Square of 0.619, it can be concluded that financial literacy accounts for 61.9% of the variability in financial management, while the remaining 38.1% is attributed to other factors. The study revealed that most traders do not keep financial records despite a moderate-to-high understanding of saving. Management relies on memory due to uncertain income, and the lack of separation between business and household finances remains a major obstacle. Thus, financial literacy is vital for better financial management. However, training remains essential, focusing on simple financial recording and separating business from household finances.
Adela, V., Agyei, S. K., Frimpong, S., Awisome, D. B., Bossman, A., Abosompim, R. O., Benchie, J. K. O., & Ahmed, A. M. A. (2024). Bookkeeping practices and SME performance: The intervening role of owners’ accounting skills. Heliyon, 10(1). https://doi.org/10.1016/j.heliyon.2023.e23911
Batham, S., Arora, H., & Gupta, V. (2025). Investigation of the Antecedents of Personal Saving Behavior: A Systematic Literature Review Using TCM-ADO Framework. Journal of Risk and Financial Management, 18(10), 554. https://doi.org/10.3390/jrfm18100554
Boimau, Y. G. (2023). Analisis Pengaruh Literasi Keuangan Terhadap Pengelolaan Keuangan Pedagang Pasar Inpres Kota Soe, Kab. Timor Tengah Selatan. UPT Perpustakaan Undana.
Darwis, D. (2023). Pengaruh Kearifan Lokal pada Literasi Keuangan Terhadap Pengelolaan Keuangan Masyarakat Adat Kasepuhan Ciptagelar. FITK UIN Syarif Hidayatullah Jakarta.
Fawwaz, M. I., & Pratikto, H. (2023). Pengaruh Literasi dan Pengalaman Keuangan terhadap Pengelolaan Keuangan melalui Niat Berperilaku pada Pengrajin Kasur Busa Kecamatan Pakisaji Kabupaten Malang. Transekonomika: Akuntansi, Bisnis Dan Keuangan, 3(3), 496–511. https://doi.org/10.55047/transekonomika.v3i3.425
Havitz, R. A., & Murwaniputri, H. (2022). Pengaruh Literasi Keuangan Terhadap Pengelolaan Keuangan Pengusaha Kecil Asli Papua Di Kota Jayapura. Jurnal Manajemen Dan Bisnis, 6(2), 74–86. https://doi.org/10.55264/jumabis.v6i2.86
Lahallo, F. F., & Rupilele, F. G. J. (2023a). Cerdas Kelola Uang Melalui Penguatan Literasi Keuangan bagi Siswa SD Negeri 6 Kota Sorong. Journal of Dedication to Papua Community, 6(2), 95–103. https://doi.org/10.34124/jpkm.v6i2.158
Lahallo, F. F., & Rupilele, F. G. J. (2023b). Faktor-Faktor Yang Mempengaruhi Literasi Keuangan (Survey Pada Mahasiswa Program Studi Manajemen Universitas Victory Sorong). Jurnal Jendela Ilmu, 4(1), 31–37. https://doi.org/10.34124/ji.v4i1.146
Lahallo, F. F., Rupilele, F. G. J., Muskita, S. M. W., Ferdinandus, A. Y., Pakpahan, R. R., & Madina, L. O. (2022). Pentingnya Pengenalan Literasi Keuangan bagi Anak Usia Dini pada Rumah Baca Kanaan Kota Sorong. Journal of Dedication to Papua Community, 5(2). https://doi.org/10.34124/jpkm.v5i2.118
Lestari, B. W., Bintari, W. C., Iriani, L. D., & Sugianto, S. (2023). Pengaruh Literasi Keuangan terhadap Pengelolaan Keuangan pada Pelaku Usaha Mikro, Kecil, dan Menengah di Kota Sorong. Jurnal Manajemen Bisnis Dan Organisasi, 2(1). https://jurnal-cahayapatriot.org/index.php/jmbo/article/view/120
Lusardi, A., & Mitchell, O. S. (2014). The economic importance of financial literacy: Theory and evidence. Journal of Economic Literature, 52(1), 5–44. https://doi.org/10.1257/jel.52.1.5
Mishra, D., Agarwal, N., Sharahiley, S., & Kandpal, V. (2024). Digital financial literacy and its impact on financial decision-making of women: Evidence from India. Journal of Risk and Financial Management, 17(10), 468. https://doi.org/10.3390/jrfm17100468
Nugraha, R. I. (2020). Pengaruh Literasi Keuangan Terhadap Pengelolaan Keuangan (Studi Kasus UMKM Sektor Perdagangan di Wilayah Kota Tasikmalaya). Universitas Islam Indonesia Repository.
Rahmat, S., Nurdiana, N., Hasan, M., Nurjannah, N., & S, R. (2023). Pengaruh Literasi Keuangan terhadap Pengelolaan Keuangan Pelaku Usaha Tani di Kota Makassar. Ideas: Jurnal Pendidikan, Sosial, Dan Budaya, 9(1), 317. https://doi.org/10.32884/ideas.v9i1.1120
Rumbianingrum, W., & Wijayangka, C. (2018). Pengaruh literasi keuangan terhadap pengelolaan keuangan UMKM. Almana: Jurnal Manajemen Dan Bisnis, 2(3), 156–164. https://doi.org/10.36555/almana.v2i3.162
Santiara, I. M., & Sinarwati, N. K. (2023). Pengaruh Literasi Keuangan terhadap Pengelolaan Keuangan UMKM di Kecamatan Tejakula. CAPITAL: Jurnal Ekonomi Dan Manajemen, 6(2), 349. https://doi.org/10.25273/capital.v6i2.14514
Schmidt, E., Mueller, V., & Rosenbach, G. (2020). Rural households in Papua New Guinea afford better diets with income from small businesses. Food Policy, 97, 101964. https://doi.org/10.1016/j.foodpol.2020.101964
Suprihandari, M. D., Kamudu, F., & Haider, A. (2024). Financial Literacy and Culinary SMEs. Transekonomika: Akuntansi, Bisnis Dan Keuangan, 4(3), 189–197. https://doi.org/10.55047/transekonomika.v4i3.625
Wardiningsih, R., Wahyuningsih, B. Y., & Sugianto, R. (2021). Pelatihan Pengelolaan Keuangan Bagi Pelaku UMKM Penerima BPUM Sebagai Dampak Covid-19 Di Desa Jenggik Kecamatan Terara. Nusantara, 3(2), 258–266. https://doi.org/10.36088/nusantara.v3i2.1257
