Access to credit by MSME employees
THE numbers say it all — micro, small and medium enterprises (MSMEs) are the backbone of the Philippine economy. 2022 data by the Philippine Statistics Authority shows that collectively, MSMEs account for 99.59 percent of all business establishments across the country. It should come as no surprise that they also account for the largest share […]
THE numbers say it all — micro, small and medium enterprises (MSMEs) are the backbone of the Philippine economy. 2022 data by the Philippine Statistics Authority shows that collectively, MSMEs account for 99.59 percent of all business establishments across the country. It should come as no surprise that they also account for the largest share in jobs across the country: 5,607,748 people employed, or 65.10 percent, of all jobs generated in the Philippines.
Challenges
Register to read this story and more for free.
Signing up for an account helps us improve your browsing experience.
OR
See our subscription options.
Already have an account? Log in here
This website uses cookies. By continuing to browse the website, you are agreeing to our use of cookies. Read More.