Title

SARI-SARI STORE OWNERS FINANCIAL LITERACY, MONEY MANAGEMENT AND CREDIT BEHAVIOR

Author(s)

Concordas, Kizzy F.

Buhisan, Clarence Jay T.

Palahang, Alleah Carmel D.

Lood, Sarline S.

Affiliation

Misamis University

Degree Program

Bachelor of Science In Business Administration

Contributor

Ilusorio, Gilda L. - Adviser

Balaba, Ana Bonita A. - Panel

Apao, Ariel A. - Panel

Carpio, Renzitelo Alf P. - Instructor

Year

2024

Abstract

One of the most common sources of income in the Philippines is a Sari-sari store, this store provides a significant role in the lives of Filipinos as this aid them to increase their family's income. However, some of these stores tend to cease on operating due to the lack of knowledge in financial literacy, money management and credit behaviour. This study explored the significant relationship between sari-sari store owners' financial literacy, money management and credit behavior. This study sought to identify the level of financial literacy, money management and credit behavior of sari-sari store owners. The participants of the study were 150 registered sari-sari store in Ozamiz City, Misamis Occidental Philippines who were chosen trough convenience sampling. The study employed a quantitative research design and a descriptive to assess the relationship between the sari-sari store owners' financial literacy, money management and credit behavior. Using Mean, Standard Deviation and Pearson Product -Moment Correlation Coefficient as statistical tools for the study. The findings indicate that sari-sari store owners have the ability to manage their budget, saving and spending well. Moreover, the credit behaviour of the sari-sari store owners had low self efficacy and low risky credit behaviour. The sari-sari store owners may improve their money management through creating a budget plan and may access to credit counselling services to help develop strategies on managing their credit effectively and avoid risky credit behavior.

Keywords

Sari-sari Store Owners, Financial Literacy, Money Management, Credit Behaviour