Lacson wants single financing hub for MSMEs

The photo taken on March 22, 2022 shows Sen. Ping Lacson, who is running for president in this year's elections.

Lacson-Sotto campaign team / Viber

MANILA, Philippines — Sen. Panfilo "Ping" Lacson, who is running for president in the May 2022 elections, said Wednesday that he wants to establish a single financing facility to help micro, small and medium enterprises (MSMEs) flourish amid times of crises. 

MSMEs, which comprise 99.5% of enterprises in the country, were hard-hit by the impacts of the pandemic which crippled the economy. 

Lacson explained that the several government agencies have about 20 programs for microfinancing and credit facilities dedicated to helping MSMEs, noting that many businesses were not aware of them, and thus, did not have access to them. 

Full Story: https://www.philstar.com/headlines/2022/03/23/2169367/lacson-wants-single-financing-hub-msmes