Drivers of Sharia P2P Lending Adoption in Indonesia: An AISAS Model Approach

Juniaty Ismail, Zikra Supri, Hendra Dukalang, Rahman Budianto, Chitra Yuliashri Katili

Abstract


The challenge of accessing capital for Micro, Small, and Medium Enterprises (MSMEs), compounded by low financial literacy, has led to limited awareness among MSME actors regarding sharia-based Peer-to-Peer (P2P) Lending. This study investigates the response of MSME actors on Sulawesi Island, Indonesia, to the adoption of fintech-based sharia P2P lending services using the AISAS (Attention, Interest, Search, Action, and Share) model. Distinct from previous research, this study specifically focuses on the utilization of sharia-based P2P fintech by MSMEs in Sulawesi, applying the AISAS model approach. A quantitative approach was employed, gathering data from 580 MSME respondents in Sulawesi, and analyzed using Smart-PLS 3.2.9 software. The results indicate that interest, search, and sharing behavior are significant predictors of sharia-compliant P2P lending adoption, while attention and action demonstrate no significant influence. This study offers valuable insights for sharia fintech P2P lending service providers and government bodies supporting MSMEs, particularly in Sulawesi, stressing the importance of enhancing outreach to promote sharia fintech P2P lending as a more accessible and efficient capital source.

========================================================================================================

ABSTRAK – Pendorong Adopsi P2P Lending Syariah di Indonesia: Pendekatan Model AISAS. Akses permodalan masih menjadi tantangan signifikan bagi Usaha Mikro, Kecil, dan Menengah (UMKM) di Indonesia. Hal ini dipicu oleh rendahnya literasi keuangan para pelaku usaha yang berakibat pada rendahnya kesadaran akan produk keuangan syariah seperti layanan Peer-to-Peer (P2P) Lending. Penelitian ini mengkaji adopsi layanan  P2P Lending Syariah di kalangan UMKM di Pulau Sulawesi, Indonesia, dengan menggunakan model Attention, Interest, Search, Action, and Share (AISAS). Berbeda dengan penelitian sebelumnya, studi ini berfokus pada pemanfaatan fintech P2P berbasis syariah oleh pelaku UMKM di Pulau Sulawesi. Menggunakan pendekatan kuantitatif, penelitian ini mengumpulkan data dari 580 pelaku UMKM dan dianalisis menggunakan Smart-PLS 3.2.9. Hasil penelitian menunjukkan bahwa minat, pencarian, dan berbagi berpengaruh signifikan terhadap adopsi P2P Lending syariah, sementara perhatian dan tindakan menunjukkan hal sebaliknya. Hasil penelitian ini berkontribusi kepada penyedia layanan P2P dan instansi pemerintah dalam mendukung pertumbuhan UMKM, khususnya di Sulawesi. Temuan ini menyoroti perlunya sosialisasi yang terarah untuk mempromosikan P2P Lending syariah sebagai solusi pembiayaan yang mudah diakses dan efisien.


Keywords


Fintech, Sharia P2P Lending, MSMEs, AISAS

Full Text:

DOWNLOAD PDF

References


Anjali, A. (2023). Analisis Model Attention, Interest, Search, Action, Share (AISAS) Terhadap Keputusan Penggunaan Aplikasi myBCA [Skripis, Politeknik Negeri Jakarta]. Politeknik Negeri Jakarta Repositori. https://repository.pnj.ac.id/id/eprint/11933/

Arner, D.W., Barberis, J.N., & Buckley, R.P. (2016). The Evolution of Fintech: A New Post-Crisis Paradigm? University of Hong Kong Faculty of Law Research Paper No. 2015/039. https://dx.doi.org/10.2139/ssrn.2676553

Asaba, S., Aiba, K., & Hirano, M. (2016). Potensi Industri Fintech untuk Mendukung Pertumbuhan UKM di Indonesia, Strategi Manajemen Raras Minerva dan Evolusi Industri.

Baihaqi, J. (2018). Financial Technology Peer-To-Peer Lending Berbasis Syariah Di Indonesia. TAWAZUN: Journal of Sharia Economic Law, 1(2), 116. https://doi.org/10.21043/tawazun.v1i2.4979

Bentler, P. M. (1987). Practical issues in structural modeling. Sociological Methods and Research, 16(1), 78-117.

Buchak, G., Matvos, G., Piskorski, T., & Seru, A. (2018). Fintech, Regulatory Arbitrage, and the Rise of Shadow Banks. Journal of Financial Economics, 130(3), 453–483. https://doi.org/10.1016/j.jfineco.2018.03. 011

Chen, Y. L., & Huang, T. Z. (2012). Mechanism Research of OWOM Marketing Based on SOR and AISAS. Advanced Materials Research, 403–408, 2.

Chin, W. W. (1998). The Partial Least Squares Approach to Structural Equation Modeling. In G. A. Marcoulides (Ed.), Modern Methods for Business Research (pp. 295-336). Lawrence Erlbaum Associates.

Diana, A. J., & Kastaman, R. (2023). Pengaruh Penggunaan Model AISAS dalam Meningkatkan Minat Beli Produk P. Jurnal Pemikiran Masyarakat Ilmiah Berwawasan Agribisnis, 9(1), 1161–1176. https://www.researchgate.net/publication/367663758_PENGARUH_PENGGUNAAN_MODEL_AISAS_DALAM_MENINGKATKAN_MINAT_BELI_PRODUK_P

Ernst & Young. (2017). Indeks Adopsi FinTech EY 2017: Kemunculan FinTech dengan cepat. http://www.ey.com/Publication/vwLUAssets/ey-fintech-adoption-index-2017/$FILE/ey-fintech-adoption-index-2017.pdf

Firmansyah, E. A., Masri, M., Anshari, M., & Besar, M. H. A. (2023). Factors Affecting Fintech Adoption: A Systematic Literature Review. FinTech, 2(1), 21–33. https://doi.org/10.3390/fintech2010002

Ghazali, N. H., & Yasuoka, T. (2018). Awareness and Perception Analysis of Small Medium Enterprise and Start-up Towards FinTech Instruments: Crowdfunding and Peer-to-Peer Lending in Malaysia. International Journal of Finance and Banking Research, 4(1), 13-24. https://doi.org/10.11648/j.ijfbr.20180401.12

Ghobakhloo, M., Sabouri, M. S., Hong, T. S., & Zulkifli, N. (2012). Information Technology Adoption in Small and Medium-Sized Enterprises; an Appraisal of Two Decades Literature. Interdisciplinary Journal of Research in Business, 1(7), 53–80. https://doi.org/10.3390/ info3010036

Ghozali, I. (2016). Aplikasi Analisis Multivariete Dengan Program IBM SPSS 23 (8th ed.). Badan Penerbit Universitas Diponegoro.

Hafia, N., Kosim, A. M., & Devi, A. (2019). Peran Financial Technology Pada Pembiayaan Peer To Peer Usaha Kecil: Pendekatan Analytic Network Process. Kasaba: Jurnal Ekonomi Islam, 12(2), 67–80. http://150.107.142.43/index.php/Kasaba/article/view/3019

Hair, J. F., Jr, Black, W. C., Babin, B. J., & Anderson, R. E. (2014). Multivariate Data Analysis (7th ed.). Pearson.

Harefa, A. A., & K. (2018). Teknologi Finansial, Regulasi dan Adaptasi Perbankan di Indonesia. Jurnal Manajemen Fundamental, 3(1), 1–11.

Ibrahim, A., & Rosniar, R. (2024). Does Intellectual Capital Efficiency Translate into Financial Performance for Islamic Banks in Indonesia? Evidence from the Pre-Pandemic Period. Qeios. https://doi.org/10.32388/CHBTCM.2

Ibrahim, A., Cahyani, A.D.O. & Muksal, M. (2024). Do Rating and Review Matter? Examining the Purchase Decision of Muslim Gen Z in Indonesia (July 16, 2024). Available at SSRN: https://ssrn.com/abstract=4905882

Iskandar, J., Najib, M., & Yusuf, A. M. (2020). Analisis Pengaruh Model Aisas (Attention, Interest, Search, Action & Share) Terhadap Tingkat Literasi Keuangan Syariah. Islamic Banking: Jurnal Pemikiran Dan Pengembangan Perbankan Syariah, 5(2), 33–52. https://doi.org/10.36908/isbank.v5i2.114

Ismail, J. (2020). Eksistensi UMKM Diterpa Badai Covid 19: Pertahanan Asset dalam Cash Is King, Relationship Marketing, Technology Skill dan Sprituality Improvements. In T. Marlin Arika (Ed.), Telisik Seputar Covid-19: Percikan Pemikiran Dosen Muda IAIN Sultan Amai Gorontalo (pp. 97–112). Insan Cendekia Mandiri.

Ismail, J. (2021). Analisis Dampak Covid 19 pada UMKM Provinsi Gorontalo. Nominal Barometer Riset Akuntansi Dan Manajemen, 10(2), 238–252. https://doi.org/10.21831/nominal.v10i2.41248

Lova, E. F. (2021). Financial Technology Peer To Peer Lending Syariah: Sebuah Perbandingan Dan Analisis. Jeblr, 1(2), 29–41.

Muzdalifa, I., Rahma, I. A., & Novalia, B. G. (2018). Peran FINTECH dalam Meningkatkan Keuangan Inklusif pada UMKM di Indonesia. Masharif Al-Syariah: Jurnal Ekonomi Dan Perbankan Syariah, 3(1), 1–24.

Nur Janah, et al. (2020). Pengaruh E-Marketing dengan Model AISAS terhadap Keputusan Investasi Reksa Dana Syariah di Bibit Reksa Fintech Dana. Jurnal Ekonomi Dan Perbankan Syariah, 8(1). https://doi.org/10.46899/jeps.v8i1.174

OJK. (2017). Kajian Perlindungan Konsumen Sektor Jasa Keuangan: Perlindungan Konsumen Pada Fintech. OJK, Departemen Perlindungan Konsumen.

OJK. (2022). Daftar Perusahaan Fintech Lending berizin Per April 2022.

Raji, R. A., Rashid, S., & Ishak, S. (2019). The mediating effect of brand image on the relationships between social media advertising content, sales promotion content and behavioral intention. Journal of Research in Interactive Marketing, 13(3), 302–330. https://doi.org/10.1108/JRIM-01-2018-0004

Randi, E. (2023). Laporan DSInnovate: Perkembangan dan Transformasi Digital di UMKM Indonesia 2022. Dailysocial.Id. https://dailysocial.id/ post/msme-empowerment-report-2022

Rifadli, D. K., & Ismail, J. (2022a). Millennials adopt online delivery: analysis using UTAUT2 model during pandemic Covid-19. Journal of Principles Management and Business, 1(01), 18–26.

Rifadli, D. K., & Ismail, J. (2022b). Multigroup Analisis Penggunaan Aplikasi Pengiriman Makanan Saat Pandemik Covid-19. Islamic Economics and Finance Journal, 1(2), 135–153. https://doi.org/10.55657/iefj.v1i2.47

Rogers, E. M. (2003). Diffusion of Innovations (5th ed.). Free Press.

Ruswandi, P. U., Hartoyo, H., & Najib, M. (2021). Attention, Interest, Search, Action, and Share (AISAS) Analysis of Promotion Effectiveness of Zomato. Binus Business Review, 12(2), 177–188. https://doi.org/ 10.21512/bbr.v12i2.6676

Saksonova, S., & Kuzmina-Merlino, I. (2017). Fintech sebagai Inovasi Keuangan – Kemungkinan dan Masalah Implementasi. Jurnal Studi Penelitian Eropa, 961–973.

Sekaran, U., & Bougie, R. (2016). Research Methods for Business: A Skill Building Approach (7th ed.). John Wiley & Sons Inc.

Serlika, A. S. (2021). Peranan Peer to Peer Lending dalam Menyalurkan Pendanaan pada Usaha Kecil dan Menengah. Jurnal Hukum Samudra Keadilan, 16(1), 37–61. https://doi.org/10.33059/jhsk.v16i1.3407

Soraya, E., Sari, N. P. R., & Sulistyawati, A. S. (2022). Pengaruh model AISAS terhadap keputusan wisatawan dalam pembelian Bali Banana. Jurnal Ekonomi Dan Perbankan Syariah, 6(1).

Subardi, H. M. P. (2021). Mekanisme Pembiayaan Fintech Peer to Peer Lending Syariah Bagi UMKM di Indonesia. Jurnal Produktivitas, 8(2), 305–311. https://doi.org/10.29406/jpr.v8i2.3458

Sugiyama, K., & Andree, T. (2011). The Dentsu Way: Secrets of Cross Switch Marketing from the World's Most Innovative Advertising Agency. McGraw-Hill.Sugiyono. (2008). Metode Penelitian Kuantitatif Kualitatif dan R&D. Alfabeta.

Umuri, K., & Ibrahim, A. (2020). Analisis Perilaku Pedagang Kaki Lima Menurut Tinjauan Etika Bisnis Islam. Jurnal Iqtisaduna, 6(2), 187-197.

Wisnu, W., & Hapsari, P. (2016). Analisis AISAS Model Terhadap Product Placement Dalam Film Indonesia Studi Kasus: Brand Kuliner di Film Ada Apa Dengan Cinta 2. Jurnal Rekam, 12(2), 69–81. http://journal.isi.ac.id/index.php/rekam/article/viewFile/1424/294

Yuneline, M. H. (2022). Edukasi Peer to Peer Lending Syariah sebagai Alternatif Permodalan bagi Usaha Mikro Kecil dan Menengah desa Ciwalen Panjalu. Jurnal Ekonomi Dan Perbankan Syariah, 4(1), 820–833.

Yunita, R. (2022). Pengaruh Attention, Interest, Search Action, Share (AISAS) terhadap tingkat literasi keuangan syariah. UIN Syekh Ali Hasan Ahmad Addary Padangsidimpuan. http://etd.uinsyahada.ac.id/id/eprint/8819

Zikra, S., Ismail, J., & Kadir, R. D. (2022). Behavior Intention in Using the Online Delivery System During the Covid-19 Pandemic. In I. M. Suwitra (Ed.), WICSTH 2021: Proceedings of the 1st Warmadewa International Conference on Science, Technology and Humanity, WICSTH 2021, 7-8 September 2021, Denpasar, Bali, Indonesia (p. 379). European Alliance for Innovation.




DOI: http://dx.doi.org/10.22373/share.v13i2.23438

Refbacks

  • There are currently no refbacks.




Copyright (c) 2024 Ismail et al.

Creative Commons License
This work is licensed under a Creative Commons Attribution-ShareAlike 4.0 International License.