CONSISTENCY WITH CAPITAL MANAGEMENT IN NASARI SYARI’AH SAVING AND LOAN COOPERATIVES

The Savings and Loans Cooperative and Sharia Financing (KSPPS) is a microfinance institution that collects funds from the public and distributes them to people who need these funds. The purpose of this study was to determine the financial management system for sharia financing with a murabaha contract at KSPPS Nasari Syariah. This research is qualitative research using interview and documentation methods and obtained the results of primary and secondary data. The results of research on working capital management by increasing business show that capital management for KSP Nasari Syariah is 96.27%. This coefficient level indicates that capital management has a strong influence on business improvement at KSP Nasari Syariah.


INTRODUCTION
Cooperative stands for ko (coo) and operation (operation). Based on the 1992 Law, a cooperative is a business entity consisting of people. Another definition of a cooperative is a legal entity, based on cooperative principles as a people's economic movement based on the principle of kinship. Cooperative members consist of individuals and cooperative legal entities. Individual means a person who voluntarily becomes a member of a cooperative. Meanwhile, cooperative legal entities are people who are members and have a broader scope. Capital is a broad term that can describe anything that provides value or benefit to its owner. Usually, capital is more often associated with cash used for productive or investment purposes. In general, capital is an important component of running a day-to-day business and financing its future growth.
Capital in cooperatives is a fund that will be used in conducting cooperative efforts. Cooperative capital consists of own capital, namely risk-bearing capital or called equity capital and loan capital in order to develop its business activities.The results of research on working capital management by increasing business show that capital management for KSP Nasari Syariah is 96.27%. This coefficient level indicates that capital management has a strong influence on business improvement at KSP Nasari Syariah.
As for the financial highlights as of 30 June 2018 at KSP Nasari Syariah:

Journal of Accounting Research, Utility Finance and Digital Assets
According to Jumingan (2017: 66) "Working capital is the excess of current assets over short-term debt. This excess is called net working capital. This excess is the amount of current assets originating from long-term debt and own capital. This definition is qualitative because it shows the possibility of the availability of current assets that are greater than short-term debt and shows the level of security for short-term creditors and guarantees business continuity in the future.
According to Wiratna Sujarweni (2017: 186) "Company investments in the form of cash, securities, receivables and inventories, reduced by current liabilities used to finance current assets".
From the several definitions of working capital put forward by the experts above, it can be assumed that working capital is a capital used by a company to finance the company's operational activities every day and become an investment for the future that is invested in current assets.

RESEARCH METHOD
The research method that researchers used at KSP Nasari Syariah is qualitative research. Qualitative research methods are research used to examine the conditions of natural objects, where the researcher is the key instrument (Sugiyono, 2005). The difference with quantitative research is that this research departs from data, utilizes existing theory as explanatory material and ends with a theory.
According to Moleong (2005: 6), qualitative research is research that intends to understand phenomena about what is experienced by research subjects such as behavior, perceptions, motivations, actions, etc. holistically, and by means of descriptions in the form of words and language, in a special natural context and by utilizing various natural methods.
As for some of the opinions of experts about the meaning of qualitative research as follows: a. Acording to Saryono (2010), Qualitative research is research that is used to investigate, find, describe, and explain the qualities or features of social influence that cannot be explained, measured or described through a quantitative approach. b. Acording to Sugiyono (2011), Qualitative research method is a research method based on post-positivism philosophy, used to research on natural object conditions, (as opposed to experiments) where the researcher is the key instrument, sampling of data sources is carried out purposively and snowball, collection techniques are triangulation (combined), data analysis is inductive or qualitative, and the results of this study emphasize meaning rather than generalization. widows who collect their salaries at the post office because it is an alternative financial network that is able to serve more quickly.
KSP NASARI initially only operated in the Municipality of Semarang, then in Central Java Province and then in the Special Region of Yogyakarta, West Java Province, East Java, and special capital areas of Jakarta & Banten Province, South Sumatra, Bali, NTT, NTB, Province North Sumatra, South Kalimantan Province and South Sulawesi Province. Now KSP Nasari has been able to serve retirees throughout Indonesia with the approval of the Minister of Cooperatives & UKMRI through Letter Number: 01/DEP.I/2003 on January 14, 2003.
And along with the growing needs of the community/members (non-full members) for sharia-based financial products, on October 23, 2017, the Nasari Mandiri Syariah Savings and Loans Cooperative (KSPPS) Nasari Mandiri Syariah with its head office in Jakarta was established, and then obtained approval from Minister of Whereas KSP Nasari has been operating in Bumi Serambi Mecca Aceh on December 4, 2011, with the establishment in the city of Lhokseumawe which later developed in the cities of Banda Aceh and Langsa. In order to fulfill the mandate of members who require sharia-based financial products, in October 2017 KSPPS Nasari Mandiri Syariah was established which is a separate business entity which is the result of a conversion from a Conventional Cooperative to a Sharia Cooperative.
On August 31, 2010 KSP Nasari received a very proud prize whereby the chairman of KSP Nasari Sahala Panggabean,MBA was awarded the SATYALANCANA DEVELOPMENT award from the Government of the Republic of Indonesia at the 63rd cooperative day commemoration event in Surabaya on July 15 2010 through Presidential Decree No. 20/TK/2010 because it is considered successful in developing cooperatives and SMEs in the Central Java region, actively mobilizing cooperative partners for small and medium enterprises, encouraging and motivating the community to actively cooperate and SMEs, actively coordinating with relevant agencies in the development of cooperatives and SMEs, and being able to encourage the improvement of self-help cooperatives.

RESULTS AND DISCUSSION Business Profile
KSP NASARI was established in Semarang on August 31, 1998, in the midst of a severe economic and monetary crisis. The presence of KSP Nasari, which provides pension credit, was enthusiastically welcomed by retired civil servants, military and police as well as their widows who collect their salaries at the post office because it is an alternative financial network that is able to serve more quickly.
KSP NASARI initially only operated in the Municipality of Semarang, then in Central Java Province and then in the Special Region of Yogyakarta, West Java Province, East Java, and special capital areas of Jakarta & Banten Province, South Sumatra, Bali, NTT, NTB, Province North Sumatra, South Kalimantan Province and South Sulawesi Province. Now KSP Nasari has been able to serve retirees throughout Indonesia with the approval of the Whereas KSP Nasari has been operating in Bumi Serambi Mecca Aceh on December 4, 2011, with the establishment in the city of Lhokseumawe which later developed in the cities of Banda Aceh and Langsa. In order to fulfill the mandate of members who require sharia-based financial products, in October 2017 KSPPS Nasari Mandiri Syariah was established which is a separate business entity which is the result of a conversion from a Conventional Cooperative to a Sharia Cooperative.
On August 31, 2010 KSP Nasari received a very proud prize whereby the chairman of KSP Nasari Sahala Panggabean,MBA was awarded the SATYALANCANA DEVELOPMENT award from the Government of the Republic of Indonesia at the 63rd cooperative day commemoration event in Surabaya on July 15 2010 through Presidential Decree No. 20/TK/2010 because it is considered successful in developing cooperatives and SMEs in the Central Java region, actively mobilizing cooperative partners for small and medium enterprises, encouraging and motivating the community to actively cooperate and SMEs, actively coordinating with relevant agencies in the development of cooperatives and SMEs, and being able to encourage the improvement of self-help cooperatives.

Cooperative Profile
Nasari Syariah was formed from the conversion of KSP Nasari, based in the city of Semarang, into a Sharia Financing Savings and Loans Cooperative (KSPPS) on October 23, 2017. Then the KSP Nasari Sharia Business Unit spin-off to a Sharia Financing Cooperative, domiciled and headquartered in Jakarta. Nasari Syariah aims to participate in implementing and supporting government expertise and programs in the field of people's economy and national development in general, providing sharia-based financial services to its members under the guidance/guidance of the Ministry of Cooperatives and SMEs of the Republic of Indonesia

Management Data
There are several ways that researchers do in data processing: 1. Editing, namely the authors and researchers conduct another study of the data obtained from KSP Nasari Syariah in an effort to determine the completeness and feasibility of the data used as a research report for the analysis process. 2. Description, which describes the data and rearranges the data that has been collected in a systematic description.

Interview Result
Some of the interview results that researcher got based on the data needed for researchers: 1. Does the management of capital in the cooperative experience consistency? There were no problems whatsoever in managing capital at KSP Nasari Syariah 3. Is there any influence of business capital on the cooperative?
Answer: There is, one of the effects that occurs when there are many deposits, there are also many sales for pensioners' loans 4. Where does the cooperative capital come from?
Answer: There are from banks, from third party funds, namely deposits. From deposit customers who are managed to be able to provide loans to retirees. 5. How do you manage capital in a cooperative?
Answer: KSP Nasari Syariah manages capital in a way, for example there are deposits of around several billion of these deposits that are turned into loans for retirees, pensioners who are given these loans each month have their income deducted by the bills they borrow. So, from that KSP Nasari Syariah can benefit. By sharing the results for deposit customers and for KSP Nasari Syriah, so much. 6. Are there future plans for the cooperative?
Answer: In the coming year KSP Nasari Syariah wants to plan KIP disbursement for the newest products, especially for retirees and KSP Nasari Syariah will open products such as pre-retirement, namely pre-retirement loans, as well as loans for other micro businesses, especially to small traders in the impres market, and small shopkeeper. 7. What kind of marketing strategy is implemented for the cooperative? Answer: The marketing strategy carried out by KSPNasari Syariah in increasing the number of its customers, namely: Marketing Mix, Regional Mapping Strategy (Segmenting) and Customer Mapping Strategy (Positioning and Targeting). The implementation of the marketing strategy at KSP Nasari Syariah in increasing the number of customers is through excellent service and promotion or outreach, and the implementation of the strategy that has been taken by KSP Nasari Syariah, is very relevant and realistic, very much in line with performance and service so it is not surprising that KSP Nasari Syariah always experiences increase in customers every year and in accordance with the size of the increase in customers at KSP Nasari Syariah, namely not discriminating customers from social class, looking polite and Islamic and having adequate human resources.