| The study aimed to examine the relationship between financial inclusion and financial well-being among the microenterprise owners in Batangas City. The study sought to understand financial inclusion on a smaller scale further and fill the research gap in the current knowledge of financial well-being. This study was guided by the theoretical framework of Financial Capability established from Sen's capability approach and adapted from the Financial Capability Framework. Descriptive and correlational research designs were used to achieve the study's objectives. The raw data gathered from 371 microenterprise owners were then analyzed and interpreted using frequency and percentage distribution, weighted mean, standard deviation, t-test, ANOVA, Pearson’s r, and regression analysis. The findings revealed significant differences between the demographic profile and the level of financial inclusion among the respondents and between the demographic profile and the level of perceived financial well-being among the respondents. Moreover, there was also a significant relationship between the level of perceived financial well-being in “feeling in control,” “capacity to absorb financial shock,” and “on track to meet goals” indicators and financial inclusion factors. Lastly, among the financial inclusion factors, access was not significantly associated with financial well-being in terms of “flexibility to make choices.” Based on the findings of this study, it was recommended that financial inclusion must be continuously promoted in terms of access, usage, and quality through various programs to cater to the needs of the unbanked Filipino people. |
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