KINERJA KEUANGAN PADA USAHA KECIL MENENGAH PENERIMA DANA BERGULIR MODAL KERJA DI KABUPATEN KEDIRI

Abstract

The objective of research is to analyze the financial performance of UKM beforeand after receiving Dana Bergulir Modal Kerja. The main data that is collected as secondarydata. Descriptive analysis is used to investigation on company characteristic has received DanaBergulir Modal Kerja, while the financial and marketing are analyzed by using quantitaveanalysis which used financial ratio analysis and different t-test. Result of analysis showed thatthe organized of Dana Bergulir Modal Kerja done by the businessmen who has right target.There’s only one financial ratio index that has real differenciates statistically that is net profitmargin showed that almost the big of UD decreased on that index. Statistically the sellingturnover after receiving Dana Bergulir Modal Kerja. The right empowerment for UKM by DanaBergulir Modal Kerja is done by “tanggung renteng”system.