The Role of Finacial Capital in Sustainable Seaweed Cultivation Asriyanti Syarif(a*), Rahmawati Andi Nadja(b), Darmawan Salman(b), Andi Adry Arief(c)
a) Agriculture Science Program, Graduate School, Hasanuddin University, Makassar, Indonesia
b) Department Socio-Economics of Agriculture, Faculty of Agriculture, Hasanuddin University, Makassar, Indonesia
c) Department of Fisheries Socioeconomics, Faculty of Marine Science and Fisheries, Hasanuddin University, Makassar, Indonesia
Abstract
Financial capital is a necessary asset for seaweed-based livelihood systems. Sustainability of aquaculture requires capital from providers: banks, the private sector, and the role of intermediary traders. The purpose of the study was to analyze the process of providing credit, the strategy of providing credit, and the impact of providing credit. The research was conducted in Laikang Village, Manggarabombang District, Takalar Regency. The informants used were 20 seaweed farmers, 1 banker, 1 private sector, and 1 intermediary trader. The data analysis used was descriptive qualitative. The results showed that (1) The process is done by applying for a loan, including documenting the survey process by the bank/private party to see the condition of the house and seaweed land and if declared feasible, a loan agreement is made (2) The strategy used to contact banks or parties that can facilitate the provision of capital usually involves relatives or family (3) The impact of the loan is that the cultivation process can be sustained, the cultivator must work hard to repay the loan, and the cultivator is dependent on financial institutions.
