University of the East

College of Business Administration

Credit Cooperative Financial Literacy Survey

Name (Optional):____________________________ Age:

__________________________

Occupation: ________________________________ Civil Status:

_____________________

Educational Attainment: ______________________ Number of family

member: ________

Years of Membership in Cooperative: ___________

Directions: Using the rating below, kindly evaluate the following aspects; please put
a check mark under the rating that corresponds to your assessment.

FINANCIAL KNOWLEDGE

1 - Poorly Literate 2 -Fairly Literate 3 - Average Literate 4 - Highly

Literate

How literate are you in terms of: 1 2 3 4

1. Financial Numeracy
a. Different interest rates in different types of ( ( ( ( )
loan ) ) )
b. Different service fees and additional
charges in different types loan (if there is) ( ( ( ( )
) ) )
2. Managing loans and finances
a. Types of loan to be availed of and other ( ( ( ( )
charges ) ) )
b. Schedule or mode of payments of loans
3. Cooperative education
a. Credit policies of the Cooperative
( ( ( ( )
) ) )
b. Financial performance of the Cooperative
( ( ( ( )
) ) )
c. By-laws of the Cooperative
( ( ( ( )
) ) )
FINANCIAL ATTITUDES

1- Never 2 - Seldom 3- Sometimes 4-

Always

1 2 3 4
1. I acquire loan when I am financially in ( ( ( ( )
need ) ) )
2. I acquire loan to increase my dividend ( ( ( ( )
) ) )
3. I acquire loan because somebody needs it ( ( ( ( )
) ) )
4. I acquire loan for unintended productive
activities (e.g., for occasions like ( ( ( ( )
weddings, fiestas etc.) ) ) )
5. I acquire loan to pay other debts (Debt ( ( ( ( )
Spiral) ) ) )

FINANCIAL BEHAVIOR

1 - Never 2 - Seldom 3 - Sometimes 4-

Always

1 2 3 4
1. Allocate spending of the loan according to ( ( ( ( )
needs ) ) )
2. Spending the loan to buy luxuries ( ( ( ( )
) ) )
3. Unplanned spending to the loan acquired ( ( ( ( )
) ) )
4. Spending the loan not within the budget ( ( ( ( )
5. Expenses for such goods exceeds the ) ) )
amount loaned
6. Expenses exceeds income