Jumpstart Our Economy by Financing MSMEs
There are over 18,000 SMEs across various industries throughout the Philippines now and many of them may never open again due to the lockdowns leaving their employees unemployed.
99.5% of the total registered businesses in the Philippines belong to the SME sector
61.6% of the total jobs generated by all types of SME business establishments
35.7% contribution of SMEs to the country’s Gross Domestic Product (GDP)
Because of the pandemic, SMEs need non-collateral financing now more than ever to jumpstart the economy and to continue operating various enterprises.
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