The Linkages Of Demography Factors On Monetary Inclusion Among Low-Income Households Across Aceh, Indonesia

  • Muammar Khaddafi, Jumadil Saputra, Mohd Heikal, Ichsan, Suriyani Muhamad


The monetary inclusion has recently become an important issue for developing countries, made more acute by instability in the global financial system, and limited gain entry to official monetary organizations among the local community. Gain entry to such official monetary organizations is seen as an important stage in enhancing the living conditions of poor families and vulnerable groups.  This study investigates monetary inclusion surrounded by low-income families through their access to formal financial institutions in Aceh, Indonesia. A quantitative analysis design uses survey questionnaires with cross-sectional data, working with responses from 505 participants. The data are analyzed using Cross-Tabulation, and measured by Pearson Chi-square, performed with statistical software Predictive Analytic Software (PASW-22). The study finds that gain entry to official monetary organizations regarding savings, deposits, and credit products among low-income households across Aceh are significantly correlated with demographic factors involving area (district), and age. Job status is not found to be significantly correlated with access to formal financial institutions explicitly for deposit and credit products, but does correlate with access to product saving. This research recommends further study which considers and involves customer perception regarding formal financial institutions, through bipolar differentiated semantics measure and other demographic factors namely gender, level of income, and marital status.