Financial Capability of Micro-Entrepreneurs In Babak District Island Garden City of Samal

Abstract

The study tried to determine the significant difference in financial capability according to age, sex, educational attainment and the level of financial capability of Micro-entrepreneurs in Babak District, Island Garden City of Samal. It explores the financial capability of the respondents. This study utilized a quantitative descriptive comparative research design. The statistical tools were Percentage, Frequency, Mean, T-test, and ANOVA. The hypothesis was at a 0.05 level of significance. The data were gathered through the use of survey questionnaires distributed to 331 Micro- entrepreneurs of Babak District, Island Garden City of Samal. Results revealed that age and sex have no significant difference in financial capability, thus, the hypothesis is accepted. While the educational attainment have a significant difference in financial capability and that hypothesis is rejected. Researchers came to the conclusion that micro-entrepreneurs of Babak District, Island Garden City of Samal are capable of making wise financial decisions regardless of their age or gender, but they are significantly more capable if they have a higher level of education