Cebu sets sights on MSME exchange

[babypaupau]

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Sep. 1--AN organized market for micro, small and medium enterprises (MSMEs) that supports their financing and other business needs will start in the final three months of the year in Cebu City.

The exchange called Growth Enterprise Market (GEM) is aimed at increasing the credit windows for MSMEs in the southern part of the country.

Jose Fernando Alcantara, GEM technical management group head and former Philippine Stock Exchange (PSE) executive, said this kind of market is the first in the country and will establish Cebu as the country's SME development hub.

An initiative of the Cebu provincial government, the GEM plan will help MSMEs access loans for equipment, market expansion and product development.

Alcantara said GEM will also have automated and monitored linkages to the current demand and supply, as well as service development, human resource and governance development.

Twelve MSMEs will take part in the program's six-month cycle, with the initial participants to undergo a selection process.

The criteria for the selection process include business evaluation, strategic potential, current potential, entrepreneurial psyche of owner, creditability and industry representation.

Different from the local bourse, GEM is designed to complement each member in their business needs, Alcantara said.

He said the program's long-term goal is to enable MSMEs to list at the PSE, adding that GEM is a nurturing ground for the entities who may want to go public.

MSMEs can also tap the Credit Surety Fund (CSF) of the Bangko Sentral ng Pilipinas.

The CSF would serve as credit enhancement mechanism for MSMEs that are members of cooperatives so they can access formal credit sources, particularly banks.

The CSF is a fund created from contributions by well-capitalized and well-managed cooperatives with a counterpart contribution from the provincial government and other donors.

The fund will provide surety cover, in place of acceptable collateral, to guarantee loans of MSMEs.


http://investing.businessweek.com/re...%20exchange%20[The%20Manila%20Times,%20Philippines]||docSource||Knight%20Ridder/Tribune||provider||ACQUIREMEDIA&ric=BAC

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naa mo lain info about ani guys? pls share. thanks.

[cebulifer]

unsaon pag enter ani?

[BabyKai]

hmm pau... i ask si sis elia .. sweetiks na siya ug mga negosyo2x ...

[babypaupau]

unsaon pag enter ani?

i also want to know the same thing.i read about this in the newspaper this morning, sa Sunstar dated August 29.

they will create batches of scholars or 12 MSMEs every six months that they will assist and monitor. they will cater to around 4 start ups and 8 grown up MSMEs per batch. this will be a very good opportunity for entrepreneurs and those aspiring to be.