MSMEs need mentorship, access to markets, funding — Concepcion
MANILA, Philippines — Go Negosyo founder Joey Concepcion said on Thursday that access to mentorship, market, and funds is needed to boost the global competitiveness of micro, small, and medium enterprises (MSMEs).
In the Laging Handa Public Briefing, Concepcion emphasized the need for MSMEs to expand with mentorship and financial assistance from industry players and government agencies.
“Ang importante ay access to mentorship, access to market and especially access to money,” he said, adding that large corporations and banks should assist MSMEs.
(What’s important is access to mentorship, access to the market, and especially access to money.)
President Ferdinand “Bongbong”Marcos Jr. recently said that he wanted MSMEs to be globally competitive in order to bolster the Philippine economy.
“Kung gusto natin talagang umahon ang Pilipinas at lumakas ang economy, hindi lang ang mga malalaking negosyante ay dapat umunlad. Importante itong mga MSMEs natin will be able to be more sustainable and grow,” Concepcion said.
(If we really want to uplift the Philippines and boost the economy, it’s not just the big entrepreneurs that should prosper. It is important that our MSMEs will be able to become more sustainable and grow.)
Concepcion has been working with big-brother firms and relevant government agencies to assist MSMEs in establishing scalability, which he believes is necessary for their competitiveness with global markets.
The former presidential adviser specifically highlighted the need to support the agriculture sector, including micro-farmers to help alleviate poverty. (Kirsten Segui, Inquirer.net trainee)