The Dynamics of Female Entrepreneurs in Fulfilling Their Financial Needs: Demand Side Entrepreneurial Finance Perspective of Small and Medium-sized Enterprises
The Dynamics of Female Entrepreneurs in Fulfilling Their Financial Needs: Demand Side Entrepreneurial Finance Perspective of Small and Medium-sized Enterprises

Summary/Abstract: This research contributes to the entrepreneurial finance theory from the demand side – where previously it was more emphasized on the supply side – by the way it depicts how an entrepreneur recognizes opportunities, develops ideas, looks for financing, and assembles other resources in order to begin and develop a business. The purpose of this research is to explore how an individual, in beginning a business, assembles resources, including financial capital, as well as constructs funding strength in developing a batik enterprise. This study is conducted by identifying the business environment, alternative funding, as well as how the funding is advantageous in developing a business. A descriptive qualitative research is conducted with case studies to depict the dynamics of female entrepreneurs in starting a business, receiving, using, and developing funds, as well as the environment that covers it. Eight participants were chosen from three different locations that could reflect the coastal batik region condition/variation (Lasem and Pekalongan) and non-coastal batik region condition/variation (Solo and Gemawang), using a purposive sampling method with a type of sampling quota. The data was then analyzed by using a narrative type of descriptive qualitative technique. The research results show that an individual who has thinking power will possess a strong desire to be independent and more developed, so that the individual can take advantage of business opportunities and funding that were previously not known. In addition, funds are beneficial in being able to facilitate entrepreneurs to recognize and utilize opportunities as well as develop their businesses, as a production factor, improve their business scale, so that they can have a successful business cycle. This research produces a proposition in the form of a funding model for small and medium enterprises. In the future, empirical testing is needed, in order that a model generalization can be attained. There are two funding perspectives, from the funding provision.

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