The Vice-Chairman of the Micro, Small and Medium Enterprise (MSME) Development Council underscored that the “big brother” approach is the only way to create scale and address issues on working capital among MSMEs and farmers.
THE Vice-Chairman of the Micro, Small and Medium Enterprise Development Council underscored that the “big brother” approach is the only way to create scale and address issues on working capital among MSMEs and farmers.
Concepcion said in Filipino during a televised interview last Thursday that farmers don’t have collateral. He added that farmers could not also borrow on the land bestowed to them under the Comprehensive Agrarian Reform Program. Likewise, they cannot also pawn these lands. The businessman also underscored that unless the Philippines fixes its agriculture sector, the country will not be competitive. Hence, he noted, “what we need to do is to create scale,” which he said the big corporations can do.
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