March 9, 2012, 11:10pm
MANILA, Philippines — Local bankers have underscored the important role
of micro-entrepreneurs in the development of the countryside.
During the micro-entrepreneurs' convention held at the LandBank Plaza,
Land Bank of the Philippines (LandBank) president Gilda Pico cited the
importance that microenterprises play in the economic development of the
country.
She also noted LBP's thrust in helping micro-entrepreneurs like the
P21.b Billion loan portfolio exclusively meant for their use and the
Gawad Entrep Awards.
Dan Songco, president and CEO of the PinoyME Foundation said the PinoyME
Consortium has set a goal of reaching a funding of P5 Billion in order
to improve the lives of five million poor Filipinos.
Ambassador Jesus Tambunting, president and CEO of Plantersbank, told the
story of how Plantersbank wove social responsibility and rural
development in its banking services.
Citi Country Officer Sanjiv Vorah cited the importance of small
businesses to the economy and the various challenges that
micr-oentrepreneurs face.
Vorah said that Citi has established the Citi Microentrepreneurs Awards
in order to inspire people to do businesses and for micro-entrepreneurs
to continue with their struggles to keep their businesses running.
Mr. Patrick Ang, Vice President for Home Voice Acquisition and
Microbusiness for PLDT KaAsenso, highlighted the importance of
connectivity in today's world and explained the many services packaged
in their program.
The EchoStore's Ms. Jeannie Javellosa talked about developing products
for customers through her marketing talk. Mark Ruiz, co-founder of
Hapinoy, talked about the application of the value chain concept in the
country. (EHL)
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