Assessment on financial knowledge among wet market vendors in Tagum City: basis for enhancement program

Abstract

The main objective of this study is to determine the level of financial knowledge among wet market vendors and to identify the appropriate educational program. This study applies quantitative non-experimental research using a descriptive study. The data were gathered from the 112 wet market vendors in the Tagum City using the systematic sampling technique using slovin’s formula to determine the respondents. In order to collect the data needed for the study based on the indicators, the study used the adapted questionnaire and was modified to fit the study. The data gathered were analyzed by using a mean. From the result, investment got the lowest mean among the other three indicators. This indicates that a lack of knowledge on investment may have an impact on how they view and handle their finances. The researchers applied various recommendations, including an enhancement program that could help improve the knowledge and awareness of Wet Market Vendors in Tagum City in relation to investments.