Lembaga Perkreditan Desa as the economic and socio-cultural capital

Abstract

Amid the increasingly competitive competition among banking institutions today, the Village Credit Institution ‘Lembaga Perkreditan Desa’ (LPD) belonging to the Pakraman village in Bali is getting stronger. This scientific work discusses LPD as the economic and socio-cultural capital of Balinese society. As a result of qualitative research, the data obtained through literature review, observation and in-depth interviews with nine informants, namely the administrators of the Empowering Institute of LPD of Bali Province and managers LPD Kesiman, Denpasar; LPD Seminyak, Kuta-Badung; and LPD Beraban Kediri. The data analysis was done by a descriptive interpretation by using management theory and Bourdeau social practice theory. The results of the research indicate that as economic capital, LPD proved able to build entrepreneurship and empower local villagers of pakraman. As a social capital, LPD has its own value structure, has a social network and gained the trust of its customers. Furthermore, as a cultural capital, LPD is able to strengthen the tradition of local pakraman villagers and become part of the cultural pillars of Balinese society. It is expected that LPD strengthening will continue to be done according to the needs and development of Balinese people