Community Extension Services of the College of Business and Accountancy of Catanduanes State University to the Beneficiaries of Good Neighbors International Philippines, Inc.

This study evaluates the extension services of the College of Business and Accountancy (CBA) of Catanduanes State University to the beneficiaries of Good Neighbors International Philippines (GNIP) in Gigmoto, Catanduanes. Utilizing a mixed method design, data were collected from fifty (50) beneficiaries of GNIP through surveys and interviews. The study determined the demographic profile, entrepreneurial skills in management, production, finance, and marketing, post-training activities, and socio-economic status of the beneficiaries. Findings revealed that the beneficiaries developed significant skills in business structuring, production management, financial assessment, and marketing strategies. Many continued their ventures, including kakanin making, sari-sari store businesses, meat trading, organic farming, and handicrafts making. Some beneficiaries relocated for better opportunities, while others faced setbacks due to financial mismanagement within GNIP. Despite challenges like uncollectible payments and financial difficulties, they improved their financial literacy, budgeting, and business resilience. In addition, GNIP provided cash assistance and business opportunities, but the beneficiaries requested further training in customer relations, pricing, digital marketing, bookkeeping, food processing, handicrafts, and technology transfer. They also sought additional equipment and materials for production. The training positively impacted their mindset, enabling them to manage business finances effectively, prioritize needs, and practice proper budgeting. Their families also benefited through better financial management, savings, and economic stability. The study concludes that CBA’s extension services significantly enhanced beneficiaries’ entrepreneurial competencies, financial independence, and socio-economic well- being. It recommends additional training in digital marketing, bookkeeping, and customer relationship management to reinforce business sustainability. Expanding similar programs to other marginalized communities is encouraged to promote long-term development and poverty alleviation.

Authors

Publication Details

Journal
Business fora
Published
2025-05-06
DOI
https://doi.org/10.62718/vmca.bf-baiij.4.1.sc-0325-008
Primary Topic
Microfinance and Financial Inclusion
Type
article
Field-Weighted Citation Impact
0.00
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article

Community Extension Services of the College of Business and Accountancy of Catanduanes State University to the Beneficiaries of Good Neighbors International Philippines, Inc.

Rosemarie Lao, Maureen Manoguid, Ma. Gazel Brines
Business fora
Microfinance and Financial Inclusion
article

Community Extension Services of the College of Business and Accountancy of Catanduanes State University to the Beneficiaries of Good Neighbors International Philippines, Inc.

Rosemarie Lao, Maureen Manoguid, Ma. Gazel Brines
article en

Abstract

This study evaluates the extension services of the College of Business and Accountancy (CBA) of Catanduanes State University to the beneficiaries of Good Neighbors International Philippines (GNIP) in Gigmoto, Catanduanes. Utilizing a mixed method design, data were collected from fifty (50) beneficiaries of GNIP through surveys and interviews. The study determined the demographic profile, entrepreneurial skills in management, production, finance, and marketing, post-training activities, and socio-economic status of the beneficiaries. Findings revealed that the beneficiaries developed significant skills in business structuring, production management, financial assessment, and marketing strategies. Many continued their ventures, including kakanin making, sari-sari store businesses, meat trading, organic farming, and handicrafts making. Some beneficiaries relocated for better opportunities, while others faced setbacks due to financial mismanagement within GNIP. Despite challenges like uncollectible payments and financial difficulties, they improved their financial literacy, budgeting, and business resilience. In addition, GNIP provided cash assistance and business opportunities, but the beneficiaries requested further training in customer relations, pricing, digital marketing, bookkeeping, food processing, handicrafts, and technology transfer. They also sought additional equipment and materials for production. The training positively impacted their mindset, enabling them to manage business finances effectively, prioritize needs, and practice proper budgeting. Their families also benefited through better financial management, savings, and economic stability. The study concludes that CBA’s extension services significantly enhanced beneficiaries’ entrepreneurial competencies, financial independence, and socio-economic well- being. It recommends additional training in digital marketing, bookkeeping, and customer relationship management to reinforce business sustainability. Expanding similar programs to other marginalized communities is encouraged to promote long-term development and poverty alleviation.

Business foraVol. 4(1)
Openalex Percentile: Top 86%
Microfinance and Financial Inclusion
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