Perception of Financial Literacy in Business Success of Indigenous People
Abstract
The purpose of this study is to analyze the relationship between business success and financial literacy among Indigenous entrepreneurs in Poblacion, Impasugong, Bukidnon. It attempted to measure the level of financial literacy in financial knowledge, financial behavior, and financial attitude, and investigate how these areas affected the performance of Indigenous businesses. The applied theory is Social Capital Theory, and the researchers are guided by a quantitative-descriptive, correlational design, which used a survey questionnaire to collect data from 130 Indigenous business owners. The statistical tools used to analyze the data were the mean, standard deviation, and Spearman’s rank correlation. The results showed that the respondents were very financially literate, particularly in financial behavior, which are good attributes for money management and budgeting. The correlation between financial literacy and business success was also found to be significant and positive, suggesting that better financial knowledge, attitudes, and behaviors among Indigenous entrepreneurs increase their likelihood of successful business performance and survival. The findings demonstrate the significance of culture- and community-based financial education in empowering the entrepreneurship of the Indigenous population. The researchers propose the implementation of financial training and support systems grounded in Indigenous values and practices as the only measure to achieve long-term success in enterprises and economic equality.
How to Cite This Article
Mirex S Guinawat, Sayra Mae Dahinlay, Darwene S Balutic, Ainor P Lansayan, Love Joy B Cobrado, Jovert J Delegencia (2026). Perception of Financial Literacy in Business Success of Indigenous People . Journal of Frontiers in Multidisciplinary Research (JFMR), 7(1), 60-69.