Some Links Between Education, Household Well-being and Credit Markets: Evidence from Rural Philippines

Abstract

Two diverse Filipino village communities were intensively surveyed and then focus-group discussions were held among their members. These discussions indicated that members of the less well-off community, compared with the one which was better-off, see fewer benefits to be derived from investing in education. This information has implications for determining how the level of community well-being should be measured. In addition, those households with better access to credit and basic infrastructure invested more in the education of children. This insight suggests how the design of poverty-alleviation expenditure programmes might be improved in rural Philippines at least.

A Systematic Literature Review on Entrepreneurship for Well-Beiing

“…Similarly, a recent study showed the possibility of filling the entrepreneurial need of a given community by people who migrate to the place (Mos-cardo, et al, 2013), indicating the perceived positive influence of entrepreneurial activities on community well-being in general. This is reiterated and emphasized by Cruz-Doña and Martina (2000), who argue for the co-dependence of available entrepreneurial abilities and well-being strategies in a given context. The authors discovered that the relevance and potential of credit markets to improve well-being hinges largely on the degree and nature of entrepreneurial ability available within the focal context.…”

“…The authors discovered that the relevance and potential of credit markets to improve well-being hinges largely on the degree and nature of entrepreneurial ability available within the focal context. In this regard, it is suggested that alternative strategies to im-proving well-being may be appropriate in contexts with different levels of entrepreneurial abilities (Cruz-Doña & Martina, 2000). Aside the link between entrepreneurship and well-being at the communal level, the review con-sists as well of studies that examined the link from a micro-level.…”