ENERGIZING RURAL ENTREPRENEURSHIP ACTIVITIES IN IMPROVING RURAL RESILIENCE IN INDONESIA THROUGH VILLAGE OWNED SOCIAL ENTERPRISE

Abstract Villages play an essential strategic role in fostering a nation's economic development. However, the village is very vulnerable in managing local assets and human resources, which makes the optimization of the village economy not optimal. Entrepreneurship is one strategy used to strengthen village resilience. Village entrepreneurship may make the most of available opportunities and promote the independence and empowerment of village communities. The Local-owned Social Enterprise (VOSE) is a legal entity established to advance village welfare. VOSE is an example of rural entrepreneurship that can inspire the transformation of village capital so that it is more advantageous from an economic and financial standpoint. In addition to promoting the development of the village's physical infrastructure and improving the performance of the area's rural businesses, VOSE is also responsible for facilitating market and financial access in the village, bridging knowledge transfer from the university, supporting regional government policy, and embracing the social networks of the rural community. Due to their ability to transform the community's available resources into a resilient village through collective entrepreneurial endeavors, VOSE jobs are of the utmost importance