www.tjprc.org editor@tjprc.org A COOPERATIVE FINANCIAL MODEL: A CASE STUDY AT THE COOPERATIVE OF EX-MIGRANT WORKERS KULON PROGO 1 I PUTU SUGIARTHA SANJAY, Y. HENDRA SURYADHARMA, ALOYSIUS GUNADI BRATA & SURYO ADI PRAMANA Universitas Atma Jaya Yogyakarta, Indonesia ABSTRACT This study aims to describe or explain the financial model occurring at the Cooperative of Ex-Migrant Workers Kulon Progo. This research is important because Ex-Migrant Workers relatively few forms a cooperative. This research was conducted at the Cooperative. Data collection is done by observation and interviewing. Based on the data collected, the financial management practices in this cooperative is relatively unique, namely the result of renting small place (lapak). The source of revenue of this cooperative is from the rental of lapak that has been made by the cooperative. The lapak tenants are the members of the cooperative. They are the Ex-Migrant Worker. In the first year, the rental model runs quite well but in the following years (currently) the rental model does not work well. This is because many lapak tenants do not sell their products in the lapak. This is due to the few visitors come to lapak. This financial management practices are very different from other cooperatives because other cooperatives apply savings and loans. This savings and loan model can bind the relationship between cooperatives and members. Meanwhile, the rental model applied by the Ex-migrant Worker cooperative causes a lack of relationship between cooperative and members. This is shown by the lower participation of members to attend the meeting. Members did not pay orderly for mandatory and voluntary contributions. The Cooperative knows this weakness, but they continue to apply the rental model for lapak to the public. This can be a financial resource for cooperatives to carry out the activities regularly. KEYWORDS: Finance, Rental, Savings and Loans, Income & Practices Received: Aug 22, 2019; Accepted: Sep 12, 2019; Published: Nov 16, 2019; Paper Id.: IJAFMRDEC20195 INTRODUCTION The purpose of this study is to provide empirical evidence on how the financial management assistance practices is needed by the operation of the Cooperative of Ex-Migrant Workers Kulon Progo. At present, the cooperative of ex-migrant workers looks like there is a vacuum. It may be caused by obstacles in communication between administrators. The existing communication does not run smoothly between the management and members because of the distance of domicile. The members felt that the responses from the administrators were not in accordance with the meaning. Cooperative is felt by members are not able to optimally display the products of its members. On the other hand, there is actually a space that is managed by the management, but the product has no 1 We would like to thank for Ministry of Research, Tehcnology and Higher Education of the Republic Indonesia for funding this research based on contract number: 149/In-Pen/LPPM/IV/2018 for scheme National Strategic Research (National Competitive). This paper is part of our research about Social Movement of Cooperative for Ex-Migrant Worker Community and Their Family (Study in Kulon Progo Regency of Daerah Istimewa Yogyakarta). This paper have presented in Social and Humaniora Research Symposium SoRes | 22-23 October 2018 | Bandung, Indonesia. Original Article International Journal of Accounting and Financial Management Research (IJAFMR) ISSN(P): 2249–6882; ISSN(E): 2249–7994 Vol. 9, Issue 2, Dec 2019, 39–50 © TJPRC Pvt. Ltd.