MICROFINANCE SERVICES AND INCOME ALLOCATION OF RETAIL ENTREPRENEURS IN SAN PABLO CITY, LAGUNA PHILIPPINES

Efficient allocation of resources is a challenge for entrepreneurs. Income generated by entrepreneurs are used to finance both business and personal needs. At times, these needs exceed income generated and entrepreneurs seek financial assistance from microfinancing institutions. This paper looks at the significant influence of microfinance services extended to retail entrepreneurs of San Pablo City, Laguna and the extent retail entrepreneurs improve income generation from business operations. From the responses of the 100 selected entrepreneurs, answers for the following were drawn: (1) microfinance services offered to and availed by retail entrepreneurs; and (2) how income or operations have been improved. Correlation analysis revealed that microfinance services have significant influence on income generation. Furthermore, it is imperative that an active educational campaign on proper income management should be implemented in the locality.