To promote MSME access to finance, the BSP has issued comprehensive credit risk management (CRM) guidelines so that banks can be more flexible, extend more credit, and implement innovative credit products and lending programs. Also, a wide range of microfinance services of banks now cover nearly 1.7 million microentrepreneurs with an outstanding portfolio of P13 Billion.
Empowering these sectors are not just opportunities to exercise social responsibility, but their inclusion creates viable business propositions. To sum up, . . . Why the Philippines? First, the Philippines is among the fastest growing and most resilient economies in the region.