Informal Lending Practices and Profitability of Rice Retailers in Borongan City
Journal Title: American Journal of Agricultural Science, Engineering, and Technology - Year 2021, Vol 5, Issue 2
Abstract
This correlational study explored the relationship between informal lender's practices and profitability of fifty-three (53) rice retailers in city of Borongan using a researcher-made-three part questionnaire on the business profile, level of practices among informal lenders and weekly income of the respondents. Data were sourced out from rice retailers who lent sum of money from “5-6†informal lenders, and were utilized using descriptive and inferential analysis test at .05 level of significance. Findings revealed that Majority of the respondents had been in the middle years of retailing business, used an average initial capital sourced out from their personal savings and are earning an average weekly income. The respondents’ perceived that informal lenders assess clients’ financial needs and willingness to pay without requiring collateral from them and that rice-retailers reloan due to fast processing of funds and the great customer service. Using regression analysis, year in business was found to be a significant predictor of increase in the profitability of rice retailing services. While, no significant relationship was seen between the rice retailers’ weekly net income and the level of practice among informal lenders. The researcher recommends that government and non-government agencies to provide intervention that will improve the microbusiness enterprise in the market using the help of informal and formal lending institutions and that wider scope of the study should be made to include other small business sectors that are affected by informal lenders.
Authors and Affiliations
Timothy Freth Lagria
Keywords
Related Articles
- EP ID EP709058
- DOI https://doi.org/10.54536/ajaset.v5i2.97
- Views 53
- Downloads 0
Utilization of Indigenous Mulches on the Growth and Yield of Different Tomato Varieties in Catarman, Camiguin, Philippines
Tomato (Lycopersicon esculentum Mill.) is one of the major commercial vegetable crops and is widely grown both in the highland and lowland areas in the Philippines. Many tomato growers face challenges in choosing the app...
Data Mining technology as a tool for supporting analytical decision making process in Health Information Management System (HIMS)
Wide spread use of information system in the delivery of managed healthcare system and the challenges of identifying and disseminating relevant healthcare information, complex and diverse data and knowledge forms and tas...
Identification of Key Components of Payment For Ecosystem Services (Pes) Mechanism In Begnas Lake Watershed of Pokhara-Lekhnath Metropolitan City, Nepal
Payment for Ecosystem Service (PES) scheme for certain ecosystem services is being used as a mechanism to provide incentive to suppliers of the services by the beneficiaries. In Nepal, PES like schemes is in practice sin...
Studies on the Incidence of Anthracnose Disease in Different Varieties of Mango (Mangifera Indica L.) and it's in Vitro Biocontrol Measures
Anthracnose of mango caused by Colletotrichum gloeosporioides) is a very serious disease. Leaves, panicles, immature and mature fruits of mango are infected and damaged by this disease. The symptoms of this disease on in...
Mobile App for Maize: State of the Art, Potential Areas, and Future Directions in Bangladesh
The mobile phone is no longer just a communication device, but also an essential part of peopleâs entertainment and daily life. Now android system in the electronics market is becoming more and more popular, especial...