IN AN effort to promote the micro, small and medium enterprises (MSMEs) in Mindanao and all their benefits to the regional economy, the Mindanao Microfinance Council (MMC) is putting together the 1st Galing Mindanao MSME Trade Caravan on November 19 to 21 at Limketkai Center in Cagayan de Oro City.
Adopting a slogan of “Taking Mindanao Micro, Small and Medium Enterprises to the next level,” the event seeks to provide opportunities for poor micro-entrepreneurs to take their livelihood projects out into the arena and to promote their quality products and services to a broader market.
An exchange of ideas and practices is also expected to foster good entrepreneurship among fellows in the industry.
The event further seeks to bring opportunities for bigger SMEs to establish wider networks with other enterprises and foster collaboration, as well as create partnerships with MSME support service providers.
On top of that, the daily program of activities at the three-day event will educate the general public on the concept of entrepreneurship and microfinance.
“The challenge now is not just to create more micro and small enterprises but also to transform them into growth-oriented enterprises to positively contribute to the country’s over-all economic growth,” says Jerome Ordonez, MMC Executive Director.
In the Philippines, MSMEs take up about 99.6 percent of the nation’s total enterprises, which also contribute to about 32 percent of the country’s growth domestic product.
According to the World Bank, MSMEs are the largest employment source in most countries, including the Philippines.
For more information about the activity, please call The Secretariat, Professional Organizers Unlimited at 857-6223.