ABSTRACT
The study determines the credit options of micro-entrepreneurs in Daraga. Albay. It identified the credit options available for micro-entrepreneurs utilizing in continuing or starting their business, along with their level of experience as a borrower through; Lending institutions; Usurer; Cooperative; Bank and; Pawnshop. The descriptive evaluation method was utilized in the study. The data was gathered through the distribution of questionnaires to the 25 micro-entrepreneurs under research. The level of experience of the Daraga public market vendors as borrowers are as follows; Lending Institutions has the highest overall rating with a “Satisfied” response from the respondents with an average weighted mean of 4.32; Usurers were rated by the respondents and gained a “Neutral” response with an average weighted mean of 3.066; Cooperative garnered a “Satisfied” response among the respondents with an average weighted mean of 3.67. Networking of Micro-entrepreneurs to form a support group for sharing best practices in financial management with a system based on mentoring or support by successful business owners would be beneficial to impart knowledge to the financially challenged micro-entrepreneurs.
Keywords: Entrepreneurship, Credit option, Micro Entrepreneurs, Bicol College Daraga, Albay
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