HomeIAMURE International Journal of Multidisciplinary Researchvol. 1 no. 1 (2011)

Development Transformation Experienced by Marginalized Beneficiaries of a Government Sponsored Microfinance Program

Emiliana J. Lozano | Genaro V. Japos

Discipline: Economics, Business



A microfinance program involves livelihood access through borrowed capital to capacitate women in marginalized communities to improve their quality of life. The study elicited the perceptions of beneficiaries on the transformation in their lives as a result of their availment of microfinance program of the City Social Welfare and Development Office of Butuan City. The study utilized descriptive method adopting qualitative research technique by means of focused group discussion, personal interview and on-site observations. The study revealed that technology acquisition was the most appreciated area of development because it enabled them to start their projects efficiently and handle them effectively as compared to doing things by their common sense. They realized the need to pay their loan on time for use by others rather than delving on dole-out-mentality. They understood that aving money in the bank is a form of investment rather than hiding it in any part of their house with no future benefit. They learned how to absorb instruction, clarify matters and comply with the needed output. The study concludes that the beneficiaries affirmed the tangible benefits translated to development of their greater capacity to access capital, utilize the same productively and support their socio-economic needs.