Why it matters:
Micro, small, and medium enterprises (MSMEs) make up 99.6 percent of businesses in the Philippines, with microenterprises alone comprising more than 90 percent. Helping them scale up is critical to inclusive economic growth.
How it works
The program, held in partnership with BPI Direct BanKo and the DTI–Philippine Trade Training Center–Global MSME Academy, provided intensive training in product diversification, digital payments, costing, pricing, negotiation, and entrepreneurial finance.
It also included a market fair where participants showcased products and services, generating P2.25 million in sales across Rizal, Cebu, Negros Occidental, Leyte, Samar, and South Cotabato. Select entrepreneurs received P25,000 pitch grants and P20,000 booth set-up awards.
What they’re saying
“We carried out this initiative recognizing that our microbusinesses, especially those situated in local barangays, have the potential to thrive when equipped with suitable training tailored to their needs,” said Carmina Marquez, BPIF executive director.
“By empowering them to grow and innovate, we believe they can become self-sustaining and deliver services to their customers well.”
The big picture
As of 2024, BPI Foundation has supported 514 enterprises under SEAL-BETA, affirming its commitment to financial education and inclusive growth.
By investing in grassroots enterprises, BPI aims to help microbusiness owners achieve financial wellness while contributing to stronger local economies nationwide. —Ed: Corrie S. Narisma
