Islamic social enterprise model at Baitul Maal Wat Tamwil (BMT) Nurul Ummah Ngasem, Bojonegoro Indonesia

Poverty and economic injustice are classic problems that have never been resolved, especially after Covid-19. The economic burden on small communities is getting heavier, wages for agricultural workers are still low, employment opportunities are still tricky, many road access is damaged, and people's daily income needs improvement. This is what the residents of Kwangenrejo Leran Kalitidu Bojonegoro Hamlet experienced. To solve the problems mentioned above, the role of the government and private economic institutions such as Baitul Maall Wat Tamwil (BMT) is needed to encourage economic improvement in society. The National Committee for Sharia Economics and Finance (KNEKS) noted that Sharia microfinance increased national economic growth by 16% and reduced poverty rates.
This type of research is qualitative with a qualitative descriptive nature. The approach used in this research is a Case Study. Data collection techniques used in-depth interviews, documentation studies, and participant observation with qualitative descriptive data analysis. The collected data was analyzed, referring to Miles and Huberman's theory of three activities: data condensation, data display, and conclusion drawing. Meanwhile, testing the validity of the data was carried out using triangulation techniques, namely a combined technique with various methods used to study the phenomenon of the research object.
The findings of this research are: first, the Islamic Social Enterprise Model BMT Nurul Ummah Ngasem Bojonegoro is a business model that combines two instruments, namely commercial business and social business. First, the model is mutually supportive (integrated) of community economic independence and the embedded finance business model. Embedded means a business service that serves customers readily by simply showing their membership card during service.