FINANCIAL LITERACY VIS-À-VIS PERFORMANCE OF MICRO-ENTERPRISES IN THE CITY OF DIPOLOG

Rosemarie J. Sagario
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Rosemarie J. Sagario: College of Business Administration, Jose Rizal Memorial State Unviersity, Dapitan, Zamboanga Peninsula, Philippines

International Journal of Research and Innovation in Social Science, 2025, vol. 9, issue 3s, 5888-5909

Abstract: The objective of this study is twofold: to determine the relationship in the level of financial literacy of managers and owners of micro-enterprises in Dipolog City when data are grouped in terms of age, sex, educational attainment and; to determine the relationship between financial literacy and business performance. This study used a descriptive method in analyzing the data with the aid of a questionnaire to a purposively 100 Philippine Government Electronic Procurement Services (PhilGeps) previously and currently registered micro-enterprises. The study revealed that women-owned and managed micro-enterprises accounted for a frequency of 52 followed by the male which accounted for a frequency of 48. The majority or 61 of the respondents have ages ranging from 21 to 42 years old and the majority of the respondents are run by college graduates with a frequency of 72. Likewise, the study revealed that there is no significant relationship on the financial literacy of managers and owners of micro-enterprises when data are grouped in terms of sex, age and educational level using the Spearman Rank Correlation statistical tool. This is because the respondents carry the same duties and responsibilities with partial application in terms of budgeting, debt management, risk management, and saving. The respondents have also fully applied record-keeping but moderate in terms of financing. On the other hand, there is a significant relationship between financial literacy and the average annual total capitalization and the average annual total net profits as a metric of business performance.

Date: 2025
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