Poverty Alleviation through Ultra Micro Financing: Lesson Learned From Productive Zakat Mechanism in Baitul Mal Aceh

Abstract

Poverty in Aceh province, especially in Aceh Besar Regency and Banda Aceh City, is a factor in this research. One of the mechanisms currently being implemented in Baitul Mal Aceh is the ultra micro program.This research uses a qualitative method with an empirical approach through interviews as the main tool for data collection.The results of the study showed that (1)The implementation of the Ultra Micro Business Capital Assistance activities in general which were distributed to 123 mustahik by taking 72 samples, this can be seen from several mechanisms carried out, including conducting field surveys to see business conditions and direct interviews with prospective mustahik, as well as monitoring carried out, both at their place of residence and at their place of business. (2)The ultra-micro program at Baitul Mal Aceh has had a significant impact on improving the economy of mustahik in Aceh Besar Regency and Banda Aceh City, as proven by the eight indicators of mustahik success set by Baitul Mal Aceh.