AN ANALYSIS OF THE REPAYMENT STRUCTURE FOR MUNTINLUPA CITY’S JOINT RESOURCES FINANCING PROGRAM: DETERMINANT SUBSEQUENT FINANCIAL REPORTING

The JRF Program is a micro-financing scheme, which provides low-income families additional capital and/or start-up capital at zero interest to facilitate their opportunity to become entrepreneurs and form as part of the City's economic growth. The program's missions are to help low income entrepreneurs grow in their business ventures by providing sustainable financial assistance at zero interest and by extending entrepreneurial training and education. One of key objectives is to encourage low earner entrepreneurs to be enterprising and to practice dynamism to enable growth of their business and judiciously manage their finances in order to help improve their lives and to develop closer family ties and cooperation in the management of their business venture. This research would help the researcher determine what level of effectiveness in the holistic approach of improving the economic competitiveness of its beneficiaries if it is helping them to have a much better socio economic status in life as well as their families. Since the services of JRF program focuses on the reduction of poverty in Muntinlupa City, consideration of clients as business professionals rather than beneficiaries of financial assistance. This service is granting financial assistance/loan without interest. Its vision is to build self-sustainable and self-sufficient micro-businesses in the City of Muntinlupa by providing micro financing at zero interest, Character-Based Financial Assistance program, to reach out clients in the communities, believing that entrepreneurial education and trainings are important factors in the success of the clients' businesses, committed to provide trainings and seminars and to encourage and teach them to save and to make savings as their way of life.