DETERMINANTS OF FINANCIAL LITERACY OF MICRO ENTREPRENEURS IN DAVAO CITY

Abstract

The study determined the financial literacy of the selected micro entrepreneurs in Davao City. A total of 100 micro-entrepreneurs participated in the study. On the whole, the level of financial literacy of the micro-entrepreneurs were moderate indicating a not so impressive financial management of their resource. To obtain the determinants of financial literacy, multiple regression analysis was employed which revealed a significant influence of educational attainment on the financial literacy. The result however showed that gender cannot predict the financial literacy level among micro entrepreneurs.