Shaz Foo Kim

Understanding the Living Conditions of Microfinance Borrowers in Borongan City Before and After Availing Loan Services from Microfinance Institutions

Alirose A. Lalosa, DBA1*, Baltazar R. Abobo, Jr., MSEcon2, Allan A. Lalosa, DBA3

Vol-

704

-Issue-

December 1, 2020

Abstract

This study tries to understand the living condition of microfinance borrowers before and after availing loan from MFIs. The data were collected through field survey from fifty (50) respondents, purposively taken from the population of MFIs borrowers living in the City of Borongan. It was concluded that the living condition of microfinance borrowers had become better after availing loan services. It was highly recommended that MFIs continue granting loans in a wider scope so that many will be given the opportunity to uplift their living condition.

Keywords: Microfinance, Borrowers, Living condition, Food condition, Housing condition