![]() ![]() Growing businesses now have the chance to own the all-new Lite Ace to help with their day-to-day operations. As country’s leading mobility company is empowering livelihoods by extending financial assistance through its financing partner, Toyota Financial Services Philippines (TFSPH) and including its Light Commercial Vehicle line, the all-new Lite Ace in TFSPH’s Kabuhayan on Wheels Financing program. Financing is essential to the growth of MSMEs, as it can help them to resume operations and re-enter the market.Ĭognizant of the challenges of the MSMEs, Toyota Motor Philippines (TMP) vows to continue being a reliable partner of every MSME. One important factor they need is access to finance. ![]() Today, as the economy is steadily opening up, MSMEs are now getting back on track. In 2020, this number declined due to community lockdowns. MSMEs stimulate economic development and serve as valuable partners to major enterprises and consumers.īased on Q4 2020 statistics from the United Nations Development Programme, micro, small, and medium enterprises (MSMEs) have made up 99.5% of the Philippines’ business establishments, employed 63% of the country’s workforce, and contributed to 40% of the country’s GDP in the past years. Interestingly, they help reduce unemployment by creating jobs for the growing labor force, making up 63% of the country’s total manpower. Being the primary drivers of social mobility that creates seven out of 10 jobs in the country, the MSMEs are back in their fit navigating the post-COVID world. As the country’s backbone of the economy, MSMEs who were the ones who were badly hit by the pandemic. ![]()
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