Indonesia is an archipelago with two-thirds of its territory in the form of oceans and coastal areas which support abouttwo million fishermen.Despite having an enormous potential of fisheries, but most of the fishermen are poor and have minimal access to basic social services, including the affordable of financial services. Likewisein Puger Sub-District, Jember Regency, East Java Province, Indonesia.Poverty in there is caused also by the injustice of market with the dominance of loan shark who has weakened the marketing network of fish, the destruction of social institutions, fish auction, and impartiality of government policy for the fishing community. As a qualitative approach, this study can be categorized as field research to capture the problem of the coastal communities by interviewing, doing observation, and also studying the literature or previous research.This study aims to recognize and understand the phenomenon experienced through a purposive sampling as non-probability sampling that is selected based on characteristics of a population and the objective of the study.Thus, this study is intended to: (1) Describe the socio-economic profile of community in Puget Coastal, Puger Sub-District, Jember Regency, East Java Province, Indonesia; (2) Capture the working model of the loan shark to trap the fishermen; (3) Find the opportunities of Islamic microfinance to help the coastal community to meet their needs in order to avoid them from the loan sharks.
Source: International Journal of Islamic Banking and Finance Research
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