Skip to content

Breaking the cycle of lending woes for SMEs


July 12, 2023 | Jonathan Pryer

According to a recent survey conducted by the United Nations Development Programme (UNDP) on the impact of Covid-19 on MSMEs in the Philippines, nearly 36% of the Philippines’ GDP is generated by small and medium-sized enterprises, with 63% of the workforce being employed by these businesses.

Yet, these businesses continue to face constraints in formal credit accessibility.

In this article from The Manila Times, Bharath Vellore, General Manager, APAC, Provenir, discusses the progress in bridging the Philippine MSME credit gap both from sides of the private sector and government, and how else stakeholders can do more to facilitate  ease and inclusion for MSME lending.  

Latest Resources

Customer Management

Navigating the Economic Landscape: Maximizing Customer Value in Financial Services

How the right holistic risk decisioning platform enables profitability across the lifecycle It’s more critical than ever to ...

What is Banking as a Service (BaaS): Exploring BaaS Trends in 2023

In the rapidly evolving landscape of finance and technology, new paradigms are constantly reshaping traditional banking models. One ...

Meet us at Money 20/20 in Las Vegas!

Date: October 22 - 25 Provenir is excited to be at fintech's biggest event this October in Las ...