This study explored the experiences and perceptions of micro-entrepreneurs in San Pablo City, Laguna, regarding microfinancing as a tool for microenterprise development. Employing a qualitative phenomenological approach, the research aimed to uncover how micro-entrepreneurs accessed, utilized, and benefited from microfinance, as well as the challenges they encountered. Data were collected through semi-structured interviews with 5–10 participants who had accessed loans from microfinance institutions and managed micro-enterprises for at least one year. The findings revealed that micro-entrepreneurs were primarily motivated by the potential to expand their businesses and improve their livelihoods, yet they faced significant challenges in navigating loan processes and managing funds. While microfinance loans positively impacted business growth, sustainability, and personal empowerment, participants reported the need for enhanced support mechanisms, such as financial literacy training and mentorship. Moreover, the study highlighted the transformative effects of microfinancing on participants personal lives and community roles, emphasizing its potential to foster social and economic development. The research underscored the importance of tailoring microfinance programs to address the unique needs of micro-entrepreneurs, particularly women, to maximize their potential as drivers of local economic growth. Recommendations included simplifying loan processes, expanding financial products, and fostering community-based support networks. This study contributed to the understanding of microfinances role in empowering local entrepreneurs and provided insights to inform policies and practices that promote sustainable economic development.

women entrepreneurs

micro-enterprise development

Microfinancing

economic empowerment

San Pablo City