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Operations of money lenders in selected towns of Cavite / by Marie Krishna L. Lagula.

By:

Lagula, Marie Krishna L [author]

Contributor(s):

del Mundo, Cristina R [adviser]

Material type: Text

TextLanguage: English Publication details: Indang, Cavite : 2005. Cavite State University- Main Campus,Description: viii, 38 pages : illustrations ; 28 cmContent type:

text

Media type:

unmediated

Carrier type:

volume

Subject(s):

DDC classification:

658.8 L13m 2005

Online resources:

Click here to view thesis abstract and table of contents

Production credits:

College of Economics, Management, and Development Studies (CEMDS)

Abstract: LAGULA, MARIE KRISHNA LAPPAY. Operations of Money Lenders in Selected Towns of Cavite. Undergraduate Thesis. Bachelor of Science in Business Management major in Marketing. Cavite State University, Indang, Cavite. April 2005. Adviser: Ms. Cristina R. del Mundo This study was conducted to: 1.) describe the socio-economic characteristics of money lenders; 2.) know the purposes of loans applied by the clients of money lenders; 3.) identify the requirements and lending procedures followed by money lenders in giving loans;4.) determine the rate of interest of loans granted; 5.) determine how money lenders collect payments ; 6.) determine the average monthly gross income and expenditures of money lenders; and 7.) identify problems encountered by the money lenders and their solutions. An interview schedule was prepared based on the information needed in order to achieve the objectives of the study. A total of 30 respondents from selected towns of Cavite were identified through purposive sampling. The data gathered were analyzed using descriptive method such as frequency counts, percentage, mean and ranking. Results of the study showed that the average age of money lenders was 47 years, majority of them were females, married and with four dependents. All were college graduates with an average monthly income of Php 10,666.67. Most were unemployed. The money lenders had been in operation for eight years. Most of the money lenders considered money lending as their only source of income. Their primary source of capital were their personal/family savings. The purposes of the loans applied by the clients were for business capital, educational purposes, hospitalization and purchase of new appliances. Most of the clients were employed in private firms. Recommendation/referral was the major factor considered by money lenders in extending loans to their clients. Majority of the money lenders reported that they do not have any requirement imposed to loan applicants. Some money lenders accepted requirements from loan applicants such as an ATM card, valid ID, latest pay slip, promissory note and one guarantor honored by the money lender. The most common requirement imposed on their clients was the promissory note. Majority of the money lenders do not have any formal lending procedure and do not require collaterals. The prevailing rate of interest for loans granted by money lenders was 10 percent. The frequency of payment was every 15th and 30th day of the month. The average term of loans granted by money lenders was five months. The monthly net income of money lenders was Php 12,200. The most common problems encountered by money lenders were the non-payment and delay in the payment of loans. The solutions applied by money lenders to these problems were extension of patience and term of loan and requiring the guarantor to pay the loan.

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Holdings ( 1 )
Title notes ( 5 )

Holdings
Item type	Current library	Collection	Call number	Materials specified	URL	Status	Notes	Date due	Barcode
Theses / Manuscripts	Ladislao N. Diwa Memorial Library Theses Section	Non-fiction	658.8 L13m 2005 (Browse shelf(Opens below))		Link to resource	Room use only	T-3156		00006648

Thesis (B.S.B.M.--Marketing) Cavite State University

Includes bibliographical references.

College of Economics, Management, and Development Studies (CEMDS)

LAGULA, MARIE KRISHNA LAPPAY. Operations of Money Lenders in Selected Towns of Cavite. Undergraduate Thesis. Bachelor of Science in Business Management major in Marketing. Cavite State University, Indang, Cavite. April 2005. Adviser: Ms. Cristina R. del Mundo
This study was conducted to: 1.) describe the socio-economic characteristics of money lenders; 2.) know the purposes of loans applied by the clients of money lenders; 3.) identify the requirements and lending procedures followed by money lenders in giving loans;4.) determine the rate of interest of loans granted; 5.) determine how money lenders collect payments ; 6.) determine the average monthly gross income and expenditures of money lenders; and 7.) identify problems encountered by the money lenders and their solutions. An interview schedule was prepared based on the information needed in order to achieve the objectives of the study. A total of 30 respondents from selected towns of Cavite were identified through purposive sampling. The data gathered were analyzed using descriptive method such as frequency counts, percentage, mean and ranking. Results of the study showed that the average age of money lenders was 47 years, majority of them were females, married and with four dependents. All were college graduates with an average monthly income of Php 10,666.67. Most were unemployed. The money lenders had been in operation for eight years. Most of the money lenders considered money lending as their only source of income. Their primary source of capital were their personal/family savings.
The purposes of the loans applied by the clients were for business capital, educational purposes, hospitalization and purchase of new appliances. Most of the clients were employed in private firms. Recommendation/referral was the major factor considered by money lenders in extending loans to their clients. Majority of the money lenders reported that they do not have any requirement imposed to loan applicants. Some money lenders accepted requirements from loan applicants such as an ATM card, valid ID, latest pay slip, promissory note and one guarantor honored by the money lender. The most common requirement imposed on their clients was the promissory note. Majority of the money lenders do not have any formal lending procedure and do not require collaterals. The prevailing rate of interest for loans granted by money lenders was 10 percent. The frequency of payment was every 15th and 30th day of the month. The average term of loans granted by money lenders was five months. The monthly net income of money lenders was Php 12,200. The most common problems encountered by money lenders were the non-payment and delay in the payment of loans. The solutions applied by money lenders to these problems were extension of patience and term of loan and requiring the guarantor to pay the loan.

Submitted to the University Library 07/18/2007 T-3156