Unleashing the Potential: Social Capital's Key Role in Empowering Songket Weaving SMEs and Fueling Economic Growth in Central Lombok

Abstract

The objective of this study is to fill the knowledge gap regarding the role of social capital in sustaining Songket weaving SMEs and fostering economic empowerment in Central Lombok. The research design adopts an explanatory mixed-method approach, utilizing both quantitative and qualitative data collection methods such as observation, documentation, interviews, and in-depth interviews. Quantitative data is gathered using specific Likert scales and analyzed through SEM-PLS, while qualitative data is analyzed descriptively using purposive sampling. The study primarily focuses on female Songket weavers from Sade and Sukarara, two villages renowned for their weaving craft, with 20 and 30 informants respectively. The findings indicate a significant and direct influence of social capital on enhancing economic empowerment within Songket weaving SMEs. Financial, network, and moral support were identified as crucial factors in promoting economic independence. The study underscores the importance for policymakers and stakeholders to devise targeted interventions that comprehensively address the significance of social capital in advancing economic empowerment among Songket weaving SMEs in Central Lombok.