The Cash Management Practices of Micro-Entrepreneur Borrower Clients of Tulay sa Pag-unlad, Inc. in Metro Manila
Keywords:cash management, micro-entrepreneur borrower
The main objective of the study was to assess the level of effectiveness of the cash management practices of TSPI’s micro-entrepreneur borrower clients in Metro Manila. The researcher used the descriptive method and survey-questionnaires. Respondents were dominantly in the age group of 41-50 and 51-59. Most are married, females, and high school graduates. The majority also had other sources of income and was in the group of 2-5 years in terms of the numbers of years in managing their businesses. Also, the majority of them did not have any training sessions/seminar attended related to financial management in the last three years. The respondents’ assessment on the effectiveness of Cash Management Practices were, overall, rated as effective, and the accounts payable, and inventory management both ranked as 1st. The respondents’ assessments on the level of effectiveness of cash management practices when grouped according to age, sex, civil status, other sources of income, and the number of years managing the business were not significantly different. However, when they are grouped according to their highest educational attainment, there were significant differences in terms of cash control and accounts receivable. There were also significant differences when they are grouped according to the average annual number of training sessions/seminars attended related to financial management in the last three years in terms of accounts receivable, accounts payable and inventory management. As such, proper monitoring of their accounts receivables by making a logbook monitoring is recommended as well as enhancing their financial knowledge regularly through education, training, or seminars.