Enhancing Financial Accounting Awareness among Indonesian Migrant Workers

Abstract

ABSTRACT The community service project serves as a targeted intervention
to address the pressing need for financial literacy among Indonesian Migrant
Workers (PMI) under the care of KBRI Kuala Lumpur. Executed over the course
of one semester, spanning from October to December 2023, the initiative
embraced a hybrid model, seamlessly integrating both in-person and virtual
activities, hosted at the Hasanuddin Hall of KBRI Kuala Lumpur. This
collaborative effort engaged SHARING, KBRI Kuala Lumpur, PPI UPSI
Malaysia, and 115 universities in Indonesia and Malaysia, emphasizing the
significance of partnerships in achieving widespread impact. The project
methodology adopted a systematic approach, commencing with a comprehensive
needs assessment to identify specific financial challenges faced by PMI.
Subsequently, a series of workshops, webinars, and interactive sessions were
organized, featuring financial experts, educators, and successful PMI. These
sessions aimed to instil essential financial accounting principles, such as
budgeting and financial planning, crucial for PMI navigating the complexities of
international labour markets. Preliminary results underscore the success of the
initiative, with heightened participation rates, improved financial literacy levels,
and the establishment of a supportive community. The practical application of
financial principles in participants' daily lives showcases the tangible impact of
the project. An online platform, serving as a repository for resource materials
and a forum for ongoing discussions, ensures continuous support beyond the
project's timeline. In conclusion, the project exemplifies the efficacy of a hybrid
approach in addressing the unique needs of PMI. The collaborative and
comprehensive methodology, coupled with ongoing support through online
platforms, demonstrates a commitment to sustainable impact and sets the stage
for future endeavors in empowering PMI with essential financial literacy skills.
Keywords: Indonesian Migrant Workers, financial accounting awareness,
community service, hybrid approach, financial literacy.