Crowdfunding Innovation In Village Tourism Development: A Sustainable Investment Model For Community Economic Improvement
Abstract
The development of tourism villages is a crucial strategy for enhancing the economic well-being of rural communities, although limited capital often acts as a barrier. This study examines crowdfunding-based investment innovations as an alternative to traditional fundraising methods for tourism villages, using case study in Ketapanrame Village. The study focuses on tourism infrastructure financing, community empowerment, and business diversification rooted in local wisdom. Results show increased citizen participation, job creation, and accelerated inclusive economic growth in the village. Community funding through crowdfunding has proven effective with transparent mechanisms, community-based dividend distribution, and clear boundaries. In addition to strengthening sustainability, this model promotes direct community involvement in development. These findings are expected to serve as a reference for policymakers and investors to design more innovative, educational, and community-responsive tourism village funding schemes.
References
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Putri, S. P., & Permana, M. (2023). Institutional resilience of tourism villages against the Covid-19 pandemic in the Special Region of Yogyakarta. IOP Conference Series: Earth and Environmental Science, 1263(1), 012004. https://iopscience.iop.org/article/10.1088/1755-1315/1263/1/012004/meta
Rahmayani, D., Abdulah, R., & Suseno, D. A. (2025). Toward a Digitalized Economy: The Impact of Digital Index Performance on The Economic Growth in Indonesia. Eko-Regional: Jurnal Pembangunan Ekonomi Wilayah, 20(1), 1–13.
Regner, T., & Crosetto, P. (2021). The experience matters: Participation-related rewards increase the success chances of crowdfunding campaigns. Economics of Innovation and New Technology, 30(8), 843–856. https://doi.org/10.1080/10438599.2020.1792606
Reza Saputra, M., & Suryadi, B. (2020). Effectiveness of Village Funds Management in Infrastucture Improvement in Indonesia.
Setiawan, A., Barokatuminalloh, B., & Fauzi, P. (2024). The Impact of Agricultural Sector Development on Employment and Income Inequality using Panel Data Regression Analysis. Eko-Regional: Jurnal Pembangunan Ekonomi Wilayah, 19(2), 142–151.
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Tracy, S. J. (2024). Qualitative research methods: Collecting evidence, crafting analysis, communicating impact. John Wiley & Sons.
Ansell, C., Sørensen, E., & Torfing, J. (2022). Funding and financing local cocreation projects. In Co-Creation for Sustainability: The UN SDGs and the Power of Local Partnership (pp. 121–136). Emerald Publishing Limited. https://www.emerald.com/insight/content/doi/10.1108/978-1-80043-798-220220009/full/html
Ansell, C., Sørensen, E., Torfing, J., Ansell, C., Sørensen, E., & Torfing, J. (2022). Convening, Empowering, and Integrating Relevant and Affected Actors. In Co-Creation for Sustainability (pp. 73–90). Emerald Publishing Limited. https://doi.org/10.1108/978-1-80043-798-220220006
Braun, V., & Clarke, V. (2023). Thematic Analysis. In F. Maggino (Ed.), Encyclopedia of Quality of Life and Well-Being Research (pp. 7187–7193). Springer International Publishing. https://doi.org/10.1007/978-3-031-17299-1_3470
Cappa, F., Franco, S., Ferrucci, E., & Maiolini, R. (2021). The impact of product and reward types in reward-based crowdfunding. IEEE Transactions on Engineering Management, 70(9), 3050–3061.
Chigova, L. E., & Van Der Waldt, G. (2021). Civic crowdfunding as an instrument of network local governance. Administratio Publica, 29(4), 55–77.
Cumming, D. J., Vanacker, T., & Zahra, S. A. (2021). Equity crowdfunding and governance: Toward an integrative model and research agenda. Academy of Management Perspectives, 35(1), 69–95.
Dłużewska, A., & Giampiccoli, A. (2021). Enhancing island tourism’s local benefits: A proposed community‐based tourism‐oriented general model. Sustainable Development, 29(1), 272–283. https://doi.org/10.1002/sd.2141
Dolezal, C., & Novelli, M. (2022). Power in community-based tourism: Empowerment and partnership in Bali. Journal of Sustainable Tourism, 30(10), 2352–2370. https://doi.org/10.1080/09669582.2020.1838527
Donkoh, S., & Mensah, J. (2023). Application of triangulation in qualitative research. Journal of Applied Biotechnology and Bioengineering, 10(1), 6–9.
Giampiccoli, A., Mtapuri, O., & Nauright, J. (2021). Tourism development in the Seychelles: A proposal for a unique community-based tourism alternative. Journal of Tourism and Cultural Change, 19(4), 444–457. https://doi.org/10.1080/14766825.2020.1743297
Ismanto, S. U., Indira, D., & Santoso, M. B. (2023). Community Involvement Based on Community-Based Tourism Principles in the Development of Area-Based Tourism in Cirebon Regency. Jurnal Manajemen Pelayanan Publik, 6(2), 84–99.
Lemy, D. M., & Pramono, R. (2022). Acceleration of Environmental Sustainability in Tourism Village. International Journal of Sustainable Development & Planning, 17(4).
Lokot, M. (2021). Whose Voices? Whose Knowledge? A Feminist Analysis of the Value of Key Informant Interviews. International Journal of Qualitative Methods, 20, 1609406920948775. https://doi.org/10.1177/1609406920948775
Manalu, D. O., Kusumawati, Y. A., & Tho, C. (2023). Developing Nusantara Mobile Application to Support Local Tourism in Indonesia. Procedia Computer Science, 227, 641–650. https://doi.org/10.1016/j.procs.2023.10.568
Mia, M. N., Mani, L., Rahman, M. M., Milon, M. N. U., & Hossain, R. (2024). Gravitating towards Community Based Tourism (CBT): Community Empowerment and Reducing Poverty in Tourism Sector Development in Bangladesh. International Journal of Religion, 5(6), 848–864.
Mtapuri, O., Camilleri, M. A., & Dłużewska, A. (2022). Advancing community‐based tourism approaches for the sustainable development of destinations. Sustainable Development, 30(3), 423–432. https://doi.org/10.1002/sd.2257
Murni, H. N. C. (2025). Forestry Economics Resources Sustainability Development in Indonesia (Study in Sunyalangu Village, Banyumas District, Central Java). Eko-Regional: Jurnal Pembangunan Ekonomi Wilayah, 20(1), 59–68.
Osborne, N., & Grant-Smith, D. (2021). In-Depth Interviewing. In S. Baum (Ed.), Methods in Urban Analysis (pp. 105–125). Springer Singapore. https://doi.org/10.1007/978-981-16-1677-8_7
Putri, S. P., & Permana, M. (2023). Institutional resilience of tourism villages against the Covid-19 pandemic in the Special Region of Yogyakarta. IOP Conference Series: Earth and Environmental Science, 1263(1), 012004. https://iopscience.iop.org/article/10.1088/1755-1315/1263/1/012004/meta
Rahmayani, D., Abdulah, R., & Suseno, D. A. (2025). Toward a Digitalized Economy: The Impact of Digital Index Performance on The Economic Growth in Indonesia. Eko-Regional: Jurnal Pembangunan Ekonomi Wilayah, 20(1), 1–13.
Regner, T., & Crosetto, P. (2021). The experience matters: Participation-related rewards increase the success chances of crowdfunding campaigns. Economics of Innovation and New Technology, 30(8), 843–856. https://doi.org/10.1080/10438599.2020.1792606
Reza Saputra, M., & Suryadi, B. (2020). Effectiveness of Village Funds Management in Infrastucture Improvement in Indonesia.
Setiawan, A., Barokatuminalloh, B., & Fauzi, P. (2024). The Impact of Agricultural Sector Development on Employment and Income Inequality using Panel Data Regression Analysis. Eko-Regional: Jurnal Pembangunan Ekonomi Wilayah, 19(2), 142–151.
Singgalen. (2023). Kewirausahaan Sosial Dan Akses Mobilitas Terhadap Modal Dalam Perspektif Penghidupan Berkelanjutan. AdBispreneur : Jurnal Pemikiran Dan Penelitian Administrasi Bisnis Dan Kewirausahaan, 8(1), 15–30.
Tracy, S. J. (2024). Qualitative research methods: Collecting evidence, crafting analysis, communicating impact. John Wiley & Sons.
Published
2025-09-02
How to Cite
FAIZIN, Moh.; ANGGRAINI, Yulia; RIDWAN, Mohammad.
Crowdfunding Innovation In Village Tourism Development: A Sustainable Investment Model For Community Economic Improvement.
Eko-Regional: Jurnal Pembangunan Ekonomi Wilayah, [S.l.], v. 20, n. 2, p. 150-158, sep. 2025.
ISSN 2620-8849.
Available at: <https://jos.unsoed.ac.id/index.php/er/article/view/15856>. Date accessed: 06 sep. 2025.
doi: https://doi.org/10.32424/er.v20i2.15856.
Section
Articles
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