Browsing by Author "Abubo, John Michael L."

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    Fostering microfinance access to sari-sari stores in the City of San Fernando, La Union
    (Don Mariano Marcos Memorial State University – Mid La Union Campus, 2024-05) Canero, Eirah B.; Abubo, John Michael L.; Garbo, Rachelle D.; Jacosalem, Lealyn A.; Tango, Edlyn Jane S.; Parrocha, Maricel C.; Bayani, Keneth G.; Gacayan, Daniel B.; Quinitip, Tiffany Ruth R.; Siong, Venus D.
    Microfinance institutions empower sari-sari store owners to achieve selfsufficiency by providing access to financial services, including business loans, which foster growth and financial stability. The study was conducted to determine the extent of access to microfinance by the sari-sari stores and their financial performance, as well as the significant relationship between the extent of access to microfinance and financial performance. Data from 22 sari-sari stores were gathered using a validated questionnaire and were analyzed using median, mean, and Spearman's Rho. Findings revealed that the respondents have agreed that microfinance services have high access in terms of interest rates, loan repayment period, and financial innovation. There was also an increase in the financial performance of sari-sari stores in terms of their profitability, liquidity, and stability. In addition, only interest rates and loan repayment periods under the extent of access to microfinance have a significant relationship with profitability. A factor under financial innovation, specifically in providing a sufficient grace period in case of difficulties, is significantly correlated with stability.