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‘Banks are from Mars, SMEs are from Venus’ but forum tags small businesses a ‘good market’
FINANCIAL INSTITUTIONS must think outside the box in finding ways to increase access to financing of MSME
Feb 22, 2017

FINANCIAL INSTITUTIONS must think outside the box in finding ways to increase access to financing of micro, small and medium enterprises (MSME), a crucial element in achieving broad-based economic growth.


During a forum held by the Philippine Chamber of Commerce and Industry (PCCI) on Tuesday in Makati City, BDO Unibank, Inc. and Bankers Association of the Philippines President Nestor V. Tan said financial institutions consider the SME sector as a “good market segment,” but “market coverage, documentation and value-proposition” are the main challenges to meeting demand from this market segment.


‘BORROWERS MUST MEET HALFWAY’

“Banks are from Mars. ...


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