Readiness of East Java MSMEs Bank in Implementing Crowdfunding

Crowdfunding is a financial terminology for funding businesses with an internet base that is suitable for MSMEs. This study aims to determine the readiness of the East Java MSMEs bank in implementing crowdfunding. The research approach used is Mixed Method. Quantitative data was collected after distributing online questionnaires to members of Facebook crowdfunding in Indonesia, as many as 45 sets of answers were analyzed descriptively by giving grades from 1 (not ready) to 10 (very ready). The questionnaire refers to the InfoDev indicator. Qualitative data were obtained by interviewing 6 bank officials about the 6 indicators of readiness to refer to Sancak. This study found evidence that MSMEs banks were ready to implement Crowdfunding even though it was still at an early stage. Much effort is needed to prepare banks to become better equipped with the adoption of the RSC to protect investors or donors.