Harnessing Natural Resources to Inspire Financial Growth and Enhance the Well-being of  the Randegan Village Community : Harnessing Natural Resources to Inspire Financial Growth and Enhance the Well-being of  the Randegan Village Community

Santi Miftakhul Toyibah; Dewi Anggraeni; Aurellya Khusnul Nur Azizah; Risky Al Basid; Rohmawati Kusumaningtias; Noel Bergonia

Authors

Santi Miftakhul Toyibah State University of Surabaya
Dewi Anggraeni State University of Surabaya
Aurellya Khusnul Nur Azizah State University of Surabaya
Risky Al Basid State University of Surabaya
Rohmawati Kusumaningtias State University of Surabaya
Noel Bergonia POLYTECHNIC UNIVERSITY OF THE PHILIPPINES-

Keywords:

Community Welfare, Financial Management, Natural Resources, Village

Abstract

This study aims to formulate a financial management strategy based on natural resources (NR) utilization, emphasizing transparency, accountability, community participation, and the self-reliance of Randegan Village. This study employs a descriptive qualitative approach to illustrate the community’s experience in managing income based on local natural resources. The research method was carried out by exploring the experiences and perspectives of residents, the neighborhood head, and youth groups in managing village assets. Data were obtained through interviews, observations, and documentation, then analyzed using a descriptive qualitative method by elaborating, describing, and explaining the findings to provide a comprehensive understanding. The findings show that utilizing natural resources as a source of income, which is then distributed in the form of basic food, is considered fairer and more beneficial for the community, despite differing preferences regarding distribution. This mechanism not only brings economic benefits but also fosters the village economy and enhances community welfare through the utilization of local potential.

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Harnessing Natural Resources to Inspire Financial Growth and Enhance the Well-being of the Randegan Village Community