The Impact of Services Provided by Kazama Grameen Microfinance Incorporated on the Borrowers’ Socioeconomic Status

Abstract

This study entitled “The Impact of Services Provided by Kazama Grameen Microfinance Incorporated on the Borrowers’ Socioeconomic Status” aimed to assess the impact of services provided by Kazama Grameen Microfinance Incorporated on the borrowers’ socioeconomic status in Malate-Tondo Branch. Kazama Grameen is a non-government organization (NGO) aimed to provide small loans to help people with low incomes to start a small business for the purpose of income generation and livelihood projects. The descriptive method of research was adopted in gathering the needed information. Through this method, the researcher was able to effectively formulate the questionnaire relating to the variables of the study. This questionnaire was randomly distributed to 290 borrowers of the KGI Malate-Tondo Branch. Frequency and Percentage Distributions, Weighted Mean, Independent Sample t-Test and One-way ANOVA were the statistical tools used to interpret the data. Safety/security of life and property, food security, social status, industrial productivity, increase in financial capability and economic status were the variables considered to know if there’s a significant difference on the impact of services provided by KGI Malate-Tondo Branch on the borrowers’ socioeconomic status when grouped according to profile. Based on the data evaluated, there were significant differences on the impact of services provided by KGI Malate-Tondo Branch on the borrowers’ socio-economic status when grouped according to their sources of income and monthly household income.