A Study of the Implementation of Village-Owned EnterpriseGovernance Policies

This study aims to analyze the Makmur Sejati Village-Owned Enterprise (BUMDesa) governance based on Dalisodo Village Regulation and identify its management's supporting and inhibiting factors. The research location was carried out at BUMDesa Makmur Sejati in Dalisodo Village, Wagir Sub-District, Malang Regency. Data analysis techniques in this study used qualitative data analysis techniques with a descriptive approach. This study found that BUMDesa Makmur Sejati continues to contribute to the income of Dalisodo Village Original Village Revenue (PAD) through training programs and business coaching for the community, although the results are not optimal. BUMDesa governance has implemented a structured planning, organizing, implementing, and monitoring system. However, there are several obstacles, such asthe lack of promotion of Coban Glotak tourism, community non-compliance in loan payments, and theft in plantation fields. Supporting factors include the enthusiasm of the management, the availability of capital, and government and community support. Meanwhile, inhibiting factors include the lack of innovation in management, the small number of members, and low community awareness of supporting BUMDesa management. Increased innovation, close supervision, and community education are required to maximize the potential of BUMDesa. This research is expected to provide recommendations for increasing tourism promotion innovation, enforcing the savings and loan unit rules, increasing the security of plantation fields, and socialization strategies to increase community participation in BUMDesa Makmur Sejati.