Conducted by BatStateU
, Started on 2016 -
Completed on 2017
Completed
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Cooperatives play a meaningful role in moving the social and economic conditions of their customers, members and the communities as economic enterprises and as organizations. This study aims to identify profile of the selected cooperatives in Lipa City, and also how the credit management of this cooperative be described in terms of the traditional 5C’s of credit. The study sought to find if there is a significant difference on the responses when grouped according to profile variable. Lastly, what implications to the stakeholders the selected cooperatives may be proposed based on the findings. Necessary data were gathered through the use of questionnaire. The cooperatives in Lipa City with credit in line of their business have been chosen as the subject of this study. The study adopted the descriptive method of research in order to achieve these objectives. The study covered 33 questionnaires distributed to the managers of the cooperatives. Data analysis that were used were the percentage method which was used to achieve the first objective, weighted mean is used to determine the average responses of the option in each item and linker scale ranging from 1 to 4 to determine the credit management employed in the cooperatives and last was ANOVA to determine the objective number four. The study revealed that there is no significant difference between the profiles of the cooperatives and the traditional 5C’s used in the study. Thus, the study concludes that the cooperatives agreed on the credit management of traditional 5C’s with regards to character, capital, capacity, collateral and condition. The researchers found out that among the survey question about the traditional 5C’s of credit policies the questions about the character showed the highest regards. Based on the findings implications to the stakeholders are made to improve and enhance the existing credit management of the credit cooperatives in terms of 5C’s. The researchers recommend that the cooperatives may provide financial programs for the members like seminars, this can help members to become more responsible to take their part on the cooperative as they are blood line of the cooperative. And also, cooperatives may be responsible in managing loan approval limiting delinquent borrower. With outstanding receivables often being the cooperatives major asset, a reasoned and structured approach to credit management is necessary. The researchers would also like to recommend to the future researchers to make another study using factors other than the 5C’s of credit. The future researchers can study the effect of this 5C’s of credit to the borrower instead of the cooperative.