Development of institutional financial literacy model for village-owned enterprises using the financial technology-based ADDIE method in encouraging the performance and profitability of coffee plantation products in Indonesia

Economic Annals-XXI: Volume 213, Issue (1-2), Pages: 89-93

Citation information
Kalsum, U., Hakim, A., Astriwati, & Nur, M. (2025). Development of institutional financial literacy model for village-owned enterprises using the financial technology-based ADDIE method in encouraging the performance and profitability of coffee plantation products in Indonesia. Economic Annals-XXI, 213(1-2), 89-93. doi: https://doi.org/10.21003/ea.V213-10

Ummy Kalsum*
PhD (Financial Management),
Master of Management Study Program,
Institute of Economic Science
66 Kendari-Sulawesi, Kendari City, South East Sulawesi, 93111, Indonesia
ummykalsumstie66@gmail.com
ORCID ID: https://orcid.org/0009-0006-6500-0919
* Corresponding Author

Abdul Hakim
PhD (Economics),
Master of Management Study Program,
Institute of Economic Science
66 Kendari-Sulawesi, Kendari City, South East Sulawesi, 93111, Indonesia
hajiabdulhakim12@gmail.com
ORCID ID: https://orcid.org/0009-0000-0984-2229

Astriwati
PhD (Economics),
Management Study Program,
Institute of Economic Science
66 Kendari-Sulawesi, Kendari City, South East Sulawesi, 93111, Indonesia
astriwati23@gmail.com
ORCID ID: https://orcid.org/0009-0009-8948-5545

Muh. Nur
PhD (Economics),
Master of Management Study Program,
Institute of Economic Science
66 Kendari-Sulawesi, Kendari City, South East Sulawesi, 93111, Indonesia
muh.nur363@gmail.com
ORCID ID: https://orcid.org/0000-0002-6742-1331

Development of institutional financial literacy model for village-owned enterprises using the financial technology-based ADDIE method in encouraging the performance and profitability of coffee plantation products in Indonesia

Abstract. This study shows that the combination of financial literacy and financial technology is very relevant to improve institutional performance, especially in the village plantation sector such as in Rongi Village, South Buton Regency of Indonesia. In this regard we consider the Analysis, Design, Development, Implementation, and Evaluation (ADDIE) method to be the right choice because it is structured, adaptive, and systematic in designing training programs, and provides continuous evaluation at each stage (ADDIE allows iteration and validation). FinTech integration can be conceptualized as the output of the Development and Implementation stages. The current research aims to adopt and expand the literature-based model, with a focus on Village-Owned Enterprises (BUMDes) as an institutional unit for managing coffee products in Rongi. By building institutional literacy and a simple FinTech system, it is hoped that increased transparency, operational efficiency, and profitability that can be measured empirically will be achieved.

Keywords: Institutional Financial Literacy; Village-Owned Enterprises; BUMDes; Financial Technology; FinTech

JEL Classifications: Е24; Е41; Е64; I18; J28; J31

Acknowledgements and Funding: The authors received no direct funding for this research.

Contribution: The authors contributed equally to this work.

Data Availability Statement: The dataset is available from the authors upon request.

DOI: https://doi.org/10.21003/ea.V213-10

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Received 20.09.2024
Received in revised form 21.10.2024
Accepted 3.11.2024
Available online 26.02.2025