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Local Project Partners
CARD SME Bank Inc.,
A thrift bank
German Project Partner
German Federal Ministry for Economic Cooperation and Development (BMZ)
1 October 2009 to 30 September 2020
(Overall project term)
Virtually all companies in the Philippines are classed as a micro, small or medium-sized enterprise (MSMEs). As a result, the MSME sector is critical for the country’s economic development. However, for the past twenty years, the percentage share of medium-sized enterprises has remained at a standstill. This ‘missing middle’ means that size distribution of firms has been thrown off balance.
The project’s overarching aim is to strengthen small and medium-sized enterprises in the Philippines by giving them better access to needs-oriented financial services, thus bridging the ongoing supply gap. By supporting the development of professional and efficient organisational and operational structures at CARD SME Bank, the project is enabling it to deliver services to SMEs in the long term.