A Joint Resource Financing Program for Sari-Sari Stores in the City of Muntinlupa

Abstract

The main objective of the study was to assess the effectiveness of the Joint Resource Financing (JRF) Program for sari-saristores in the City of Muntinlupa. The study specifically aimed to address the following concerns:

(1) to describe the relationship between the JRF Program and the profile of the respondents;

(2) to assess if there were some financial, social and economic impact of the goal of JRF Program for sari-saristores in the City of Muntinlupa;

(3) if there is a variance in respondents' assessments on the impact of the JRF Program.

Three hundred forty (340) respondents were chosen using simple random sampling technique, consisting of borrowers from the Joint Resource Financing (JRF) Program of the City of Muntinlupa. A survey questionnaire was used to gather data. The data were computed and analyzed using statistical tools such as frequency of distribution, percentage, weighted means, ranking, and One-Way Factor Analysis of Variance (ANOVA). Results showed that the JRF Program has a tremendous financial, social, and economic impact for the respondents. Economic impact significantly differs from data that was gathered from respondents who were grouped according to the number of years as sari-saristore owners, the number of years as JRF Program beneficiaries, the type of loan availed, the type of employment, years of business operation, other sources of capital, and the number of employees. Social impact significantly differs from data that was gathered from respondents who were grouped according to the type of loan availed and years of business in operation. Lastly, financial impact significantly differs from data that was gathered from respondents who were grouped according to other sources of capital. There were no significant differences in financial, social, and economic impact from data that was gathered from respondents who were grouped according to the frequency of availing of loans. The following are recommended:

(1) sari-saristore owners should have their salary separated from the income of the business;

(2) they should learn how to design an appealing store facade;

(3) they should not allow credit to consumers; and

(4) they should learn the different techniques in developing a marketing mix.