Funding challenges hampering MSMEs

Sep 18, 2018 12:18 am

Access to funds remains one of the primary challenges for micro, small, and medium enterprises (MSMEs) in the country, the chief of the Bangko Sentral ng Pilipinas (BSP) said.

The MSME sector, central bank Governor Nestor Espenilla Jr. said in a speech on Monday, accounts for 99.6 percent of domestic enterprises and generates 61.6 percent of employment.

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