SME Lending Boosted
State-owned Small Business Corp. reported over the weekend a record lending of P3.8 billion to micro, small and medium enterprises in 2012.
The Philippines is the 3rd largest USD 1 trillion plus Asian Consumer market, a trend expected to continue amidst a young and slowly growing population with growing purchasing power. The Philippine government is predicting a six to seven per cent GDP growth rate in 2013 and is committed to supporting SME s gain access to the funding they need to support bullish optimism. |