GSTHESIS Master in Business Administration University of Rizal System 2025

This study aimed to assess the financial literacy and socio-economic condition of small-scale farmers in Pinamalayan, Oriental Mindoro, focusing on their financial management practices, access to financial services, and overall economic well-being. It was conducted from the post-pandemic period up to 2023. A total of 100 small-scale farmers, each cultivating one hectare or less of farmland, participated in the study. Respondents were selected through a combination of stratified and simple random sampling. The population was divided into strata based on relevant characteristics, and within each stratum, participants were randomly selected, ensuring equal representation and unbiased sampling. Data were gathered using a researcher-made survey questionnaire, validated by the experts. The study employed a quantitative research method, utilizing a descriptive research design to analyze the level of financial literacy and socio-economic status among the respondents. Findings revealed that small-scale farmers in Pinamalayan exhibit moderate financial literacy, with basic understanding in budgeting, debt management, and the use of financial products and services. Their socio-economic condition is also moderately stable, characterized by practical cash flow strategies but limited access to government interventions and support. A significant difference in financial literacy and socio-economic condition was found when respondents were grouped by educational attainment. The study also found a strong positive relationship between financial literacy and economic well-being, emphasizing the need for targeted financial education programs to help farmers enhance financial resilience and Improve long-term economic security.