Evaluating Social Impact : A Case Study of Baitut Tamkin Lombok using SROI Analysis

Mia Sari; Nadia Nurul Izza; Siti Salmah; Abdul Haris

doi:10.58968/imr.v2i1.243

Authors

Mia Sari Tazkia Islamic University
Nadia Nurul Izza Tazkia Islamic University
Siti Salmah Tazkia Islamic University
Abdul Haris BTTM Tazkia

DOI:

https://doi.org/10.58968/imr.v2i1.243

Keywords:

SROI, Social Impact, Baitut Tamkin, Lombok

Abstract

This paper aims to evaluate the social impact of the BTTM Tazkia project in Lombok using Social Return on Investment (SROI) analysis as the main method. A qualitative approach was used to explore the impacts associated with these projects, while in-depth interviews were used as the main instrument for data collection. The results of the SROI analysis produce a ratio of 1:3.98, reflecting that each investment unit of IDR 1 produces a social impact and value of IDR 3.98. These findings illustrate the significant positive impact of this program in creating social value that covers various aspects, including financial, social and spiritual aspects. These findings indicate that the SROI approach and qualitative approach used provide a deep understanding of the impact of BTTM Tazkia's holistic development projects in Lombok. These results have strong implications for designing, managing, and measuring the impact of similar programs in the future, as well as fostering a broader understanding of the social value created by organizations in sustainable development efforts.

Downloads

Download data is not yet available.

References

Ajija, S. R., SE, M. E., Ahmad Hudaifah, S. E.,Wasiaturrahma, S. E., Sulistyaningsih, L., A’yun, K. Q., ... & Azzizah, U. A. (2018). Koperasi BMT: Teori, Aplikasi dan Inovasi. Inti Media Komunika

Akhmadi, N. (2005). Microfinance in Indonesia. The SMERU Research Institute, 13, 1–32. www.smeru.or.id

Anam, A. K., Arifin, M., Mahaputra, W., & Prasetiyo, R. A. (2022). Analysis of Social Return On Investment ( SROI ) on Social Innovation of Superman Sumanding. 03(2), 88–105.

Bigsocietycapital. (2023, Agustus 29). What is social impact investing? Retrieved from https://bigsocietycapital.com/information/whatis-social-impact-investing/

Corvo, L., Pastore, L., & Mastrodascio, M. (2022). The social return on investment model : a systematic literature review. 30(7), 49–86. https://doi.org/10.1108/MEDAR-05-2021-1307

Dokumentasi, Profil Koperasi Baituttamkin, di Kutip pada Tanggal 15 September 2020

Hasan, M., & Azis, M. (2018). Pembangunan Ekonomi & Pemberdayaan Masyarakat: Strategi Pembangunan Manusia dalam Perspektif Ekonomi Lokal.

Hasid, H. Z., SE, S., Akhmad Noor, S. E., SE, M., & Kurniawan, E. (2022). Ekonomi sumber daya alam dalam lensa pembangunan ekonomi. Cipta Media Nusantara.

Kadel, R., Stielke, A., Ashton, K., Masters, R., & Dyakova, M. (2022). Social Return on Investment (SROI) of mental health related interventions—A scoping review. Frontiers in Public Health, 10. https://doi.org/10.3389/fpubh.2022.965148

Lindungi Hutan. (2022, April 09). SROI: Pengertian, Prinsip, Mekanisme, Rumus dan Manfaatnya (Update 2023). Retrieved from lindungihutan.com: https://lindungihutan.com/blog/sroi/

Majdi, M. Z. (2021). Model Pemberdayaan Ekonomi Perempuan Berbasis Majelis Melalui Skema Qardhul Hasan: Studi Kasus di Baitut Tamkin NTB Unit Aikmel. IX(01), 1–17.

Mukhlisin, M., & Laela, S. F. (2022). How Does Accounting Play a Role in Islamic Microfinance and Islamic Wealth Management Practices? Case Studies in Indonesia, Pakistan and Egypt. Wealth Management and Investment in Islamic Settings: Opportunities and Challenges, 78, 183–199. https://doi.org/10.1007/978-981-19-3686-9_12

Newman, A., Schwarz, S., & Ahlstrom, D. (2018). Microfinance and Entrepreneurship: An Introduction Alexander. Angewandte Chemie International Edition, 6(11), 951-952., 3(1), 10-27. https://medium.com/@arifwicaksanaa/pengertian-use-case-a7e576e1b6bf

Nicholls, J., & Lawlor, E. (2012). A guide to social return on investment. Cabinet Office.

Parikesit, B. S., Darsono, D., Yudithadewi, D., & Widyandaru, R. Z. (2022). SROI Analysis of Social Responsibility Programs in Pagar Dewa Village. 2022, 47–55. https://doi.org/10.11594/nstp.2022.2607

Patta Rapanna, S. E., & Zulfikry Sukarno SE, M. M. (2017). Ekonomi pembangunan (Vol. 1). Sah Media.

Prakasita, D. G., & Fawzi, I. L. (2022). The Analysis Of Social Impact Of Indonesia Teaching Fellowship ( Itf ) Teacher Training Program by Ruangguru and Bakti Kominfo In Sorong Using The Social Return on Investment ( SROI ) METHOD. 01(9), 1293– 1301.

Rahim, A., & Rahman, A. (2007). Islamic Microfinance: A Missing Component in Islamic Banking. 2, 38–53.

Ramadhani, N. (2023, May 26). Mengenal Investasi Nilai Sosial dengan Dampak Sosial dan Lingkungan yang Positif! Retrieved from akseleran.co.id: https://www.akseleran.co.id/blog/investasi-nilai-sosial/

Resalawati, A. (2011). Pengaruh perkembangan usaha kecil menengah terhadap pertumbuhan ekonomi pada sektor UKM di Indonesia.

Riyadi, S. F., Fedryansyah, M., Santoso, M. B., Octa, R., Charin, P., Darmawan, E., Putra, A., & Pratama, R.

A. (2022). Evaluasi Social Return On Investment (SROI) Pada Program Pantai Piwang Kabupaten Natuna. 2022, 18–29.

Sanrego, Y. D., & Rusydiana, A. S. (2021). Social Solidarity Economy and Social Capital: Beyond Lending of Islamic Microfinance Institution? 1. March, 1–19.

Santoso, M. B., Adinegara, R., Ismanto, S. U., Mumajad, I., & Mulyono, H. (2018). Assessment of the Impact of CSR Implementation Social Investment. Jurnal Pemikiran Dan Penelitian Administrasi Bisnis Dan Kewirausahaan, 3(2), 153–167. https://www.academia.edu/download/80091003/9190.pdf

Septasawitri, D., Prabawani, B., & Nugraha, H. S. (2023). Analisis Social Return On Investment (SROI) dalam Penerapan Program Ketahanan Ekonomi dan Pangan Rumah Tangga Desa Dendang. Jurnal Administrasi Bisnis, 12(1), 43–53. https://doi.org/10.14710/jab.v12i1.45914

Suryani, R., Widiastuti, F., Dwika, R. T., & Ikhlas, N. (2022). Pengukuran Dampak Program Pertanian Mandiri Di Desatobing Jae Menggunakan Analisis Social Return on Investment (SROI). 4, 36–50.

Tambunan, T. T. (2021). UMKM di Indonesia: perkembangan, kendala, dan tantangan. Prenada Media.

Vitriani, A. (2023). Analisis SROI (Social Return on Investment) pada Program Pemberdayaan di PT Pamapersada Nusantara Site Mtbu Tanjung Enim.

Wahyudi, K. D. (2018). Kebijakan strategis usaha pertanian dalam rangka peningkatan produksi dan pengentasan kemiskinan. Majalah Ilmiah Dian Ilmu, 11(2).

Wijaya, O., Susanto, D. A., Rozaki, Z., & Nurhidayati, A. P. (2021). The Impact of Social Investment Toward The Implementation of Corporate Social Responsibility (CSR) in Mushroom Agribusiness Development with Social Return on Investment (SROI) Approach. 5, 9–25.

Wulandari, R., & Dzakiroh, H. (2019). Do Islamic Microfinance Practise Descrease the Level of Three Aspects of Poverty. Iqtishadia, 12(1), 87. https://doi.org/10.21043/iqtishadia.v12i1.2883