Corona Virus Disease (COVID) is a scourge for many groups, from workers who are afraid of losing their jobs, entrepreneurs who are worried that their business is not strong enough to survive amid a decline in consumer purchasing power, to the Government who is preoccupied with how to handle a pandemic that is right for health and also economy. However, all parties are trying to adapt to this situation in order to survive.
In Several Countries, since the first case of COVID occurred in March 2020, many things have been done by the Government and business actors in adapting to this pandemic. The government has implemented Large-Scale Social Restrictions (PSBB) since April to limit community mobility so as to reduce the risk of spreading COVID.
This has forced some business actors to stop or limit their operations. Not only the majority of large business activities are in the formal sector, but also Small and Medium Enterprises (UKM) activities also experience the same thing.
It is common knowledge that SMEs are a quite vulnerable business segment in the midst of this pandemic. This is because many SMEs are not sufficiently strong in capital to face continuous operational losses. In addition, the large number of SMEs that …