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International Journal of Advanced Engineering, Management and Science


Services Offered and Sustainable Development Program by the LifeBank Microfinance Foundation, Incorporated: Its Impact on the Branch 220 Members Lives

( Vol-9,Issue-12,December 2023 )

Author(s): Kimberly A. Sab, Geneva V. Garcia-Antonio, Mark Anthony R. Ibarra, Joyce D. Legaspi, Joverlyn J. Marzan, Clarizza de Leon



Total View : 126
Downloads : 13
Page No: 71-75
ijaems crossref doiDOI: 10.22161/ijaems.912.10

Keywords:

Awareness, LifeBank Microfinance Foundation, Inc., Nueva Ecija, Sustainable Development Program, Services Offered

Abstract:

This study evaluates the awareness levels among the branch 220 members of Muñoz, Nueva Ecija, Philippines regarding the services and products offered by LifeBank Microfinance. Findings reveal that services in terms of Savings received the highest awareness among the respondents, followed by Microinsurance and Wash Loans, while the respondents were not aware of the Regular Project Loans. In terms of sustainable development programs, microfinance services, show potential to influence the demand for education, particularly through the Education Scholarship Program (ESP). The Health Fund also garners significant awareness as it serves as a prerequisite for members. Assessing LifeBank's impact on members' lives, positive outcomes are noted in business and education funding. While saving money is acknowledged, opinions on employment assistance are mixed. The study suggests addressing lower-ranked areas, such as employment assistance and housing, for a more comprehensive impact.

Article Info:

Received: 03 Nov 2023; Received in revised form: 06 Dec 2023; Accepted: 18 Dec 2023; Available online: 28 Dec 2023

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