Abstract

Author:
Elaine Joy C. Apat, Ismaela M. Bawica

Doi: 10.26480/mbmj.02.2022.92.98

This is an open access article distributed under the Creative Commons Attribution License CC BY 4.0, which permits unrestricted use, distribution, and reproduction in any medium, provided the original work is properly cited

The new normal set up for everyone due to CoViD – 19 has been more challenging in terms of surviving the family living, job security, personal and emotional stress and for businesses, their income steadiness or its existence itself. Many has changed because of this pandemic. Many businesses were affected especially micro businesses. However, the development of micro businesses around the world has been drastically improved with the help of assistance of the government, technology and globalization, and most especially the influence of microfinancing. This study was conducted to oversee the microfinance services and its perceived effect to the income steadiness of the said business, using structured questionnaire to 150 mini grocery stores that has an existing or history of availed services from microfinance establishment, using purposive sampling around San Pablo City. Researchers found out that there is a strong correlation between the micro financing services and income steadiness of the mini grocery stores. It is recommended that further researches will be made to a larger locale and in different type of businesses, also, the continuous assistance in monitoring of government in microfinancing services to loan beneficiaries is highly recommended.