Draft of Loan Transactional Paper between Vegetables Traders and 'Bank Plecit' in a Traditional Market of Purwokerto

摘要

The purpose of this research was to analyze the transaction process of savings and loans between green-grocers and plecit (small-scale) banks in a traditional market, Wage Market, in Purwokerto, to identify the role of plecit banks in the transactions, and to examine the draft deed of the transactions which will provide a legal protection. This was a qualitative research employing a case study research design with a Juridical Sociological Approach. It was appropriate to examine the problems in society from a perspective of law. The target of this research was legal norms and behavior patterns. The bond of the green-grocers to the banks was due to their easy procedure, the fast process of loan cashing, no collateral and no sanctions of late payment. These small banks were needed by the people in the situation in which formal financial institutions applied a complex credit selection. These banks became a practical solution for them with their easy credit allowance; although they put much higher interest. Providing a draft deed of savings and loan transactions would establish a legal protection for the people; the contract would inform clearly the rights and obligations between the parties involved, i.e. the creditors and the debtors.