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This report assesses the hurdles Philippine micro, small, and medium-sized enterprises (MSMEs) face to access the financial services they need to grow and outlines how to promote an entrepreneurial ecosystem that enables women-owned MSMEs to thrive.
Drawing on the results of a survey of MSMEs, which account for 63 percent of total employment in the Philippines, it highlights why women entrepreneurs find it harder to access credit and are less likely to use digital financial services. It recommends financial institutions tailor digital solutions toward women entrepreneurs and invest in training to help boost gender equality and financial inclusion for MSMEs.
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This report assesses the hurdles Philippine micro, small, and medium-sized enterprises (MSMEs) face to access the financial services they need to grow and outlines how to promote an entrepreneurial ecosystem that enables women-owned MSMEs to thrive.
Drawing on the results of a survey of MSMEs, which account for 63 percent of total employment in the Philippines, it highlights why women entrepreneurs find it harder to access credit and are less likely to use digital financial services. It recommends financial institutions tailor digital solutions toward women entrepreneurs and invest in training to help boost gender equality and financial inclusion for MSMEs.