RURAL ENTREPRENEURSHIP: TOWARDS COLLABORATIVE PARTICIPATIVE MODELS FOR ECONOMIC SUSTAINABILITY

Abstract

Rural entrepreneurship development is one of the strategies for encouraging the acceleration of rural development by focusing on the exploration of local resources. The role of rural entrepreneurship is crucial in creating new economic activities that can help to reduce unemployment and poverty, especially in rural areas. One of the Indonesian government's programs for encouraging rural entrepreneurship is establishing BUMDes - a village-owned enterprise. This study aims to propose a participatory rural development model to optimize stakeholder collaboration in promoting local economic growth in rural areas. This study uses a qualitative method with a multi-case study approach. There are three BUMDes from three regencies in West Java, Indonesia participated in this research. Triangulation used to check the validity of the data by comparing the results of interviews, FGD's, observations and secondary data. The results of the study found three sustainability dimensions to measure the success of BUMDes performance such as economic sustainability, social sustainability and market sustainability. The results suggest a collaborative model to optimizing BUMDes performance. The new model illustrates the collaboration between stakeholders to pursue rural entrepreneurship sustainability.