A new financing model was being developed to stop a steep fall in bank lending to small and medium-sized enterprises (SMEs).
A partnership between the International Finance Corp (IFC) and microfinance institution CARD Bank would introduce a banking model, which they hope could become the industry standard in lending services to SMEs.
Industry figures showed bank […]

by Atty. Jessica Los Baños
Are you complying fully with the law? Here’s a checklist of the basic legal requirements that your business should be following.
Because MSMEs have great potential for growth and contribute significantly to economic development, they are subject to simple registration and compliance procedures, provided with ready bank financing, and afforded easy access […]

As a company grows and transactions increase in number and complexity, it makes good sense to prepare a budget�??a detailed plan showing how resources will be used during a given period of time, usually a year.
What are the benefits of budgeting?
First, it encourages the manager to think systematically and plan for the future. Running a […]

A credit line is a ready source of financing, made available by a bank, that allows you to draw funds up to the limit of your line at any time and in an instant. The line is typically available for your use for a year, after which you can then apply for a renewal.
So what […]

A surprising number of MSME owners (micro, small and medium enterprises) tend to rely on their credit cards when they end up being strapped for working capital cash.
The convenience that credit card cash advances offer may seem attractive at first glance. After all, these allow you to withdraw a substantial chunk of cash on the […]