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DTI, BSP, and BDO Foundation launch financial education for small businesses

Paulo Gaborni August 23, 2024 at 02:36 PM

MANILA — In an effort to empower Filipino micro-entrepreneurs through financial education, the Department of Trade and Industry (DTI), in collaboration with the Bangko Sentral ng Pilipinas (BSP) and the BDO Foundation, has launched a series of educational videos. The DTI is committed to upskilling and reskilling local micro, small, and medium enterprises (MSMEs).

These organizations recognize the critical role of financial education and the entrepreneurial interventions of DTI Negosyo Centers in assisting MSMEs nationwide to help Filipinos scale and grow their businesses.

“MSMEs are the drivers of our economy. We want our Filipino entrepreneurs to know that the DTI and DTI Negosyo Centers can offer them a variety of services in pursuing their passion, scaling their ventures, and sustaining what they’ve already started,” shared DTI Acting Secretary Ma. Cristina Roque.

The DTI, BSP, and BDO Foundation have released three informative videos that address various business-related challenges, such as starting a business, obtaining the necessary permits and requirements, and acquiring the resources needed for business ventures with the assistance of DTI Negosyo Centers and financial institutions.

This initiative is part of a larger government plan to support the micro, small, and medium-sized enterprise (MSME) sector, which often faces difficulties in managing its finances and expanding operations.

Moreover, the videos will be made available on DTI platforms to maximize the accessibility of these learning materials.

“With this partnership, we are optimistic that more and more micro-entrepreneurs can thrive through these challenging times by providing them with more knowledge and skills that are useful to their businesses,” said BDO Foundation President Mario Deriquito.

“We will continue to help pave the way for accessible solutions that support micro-entrepreneurs maneuver new landscapes through financial education. BDO Foundation will also help expand the reach of the program by partnering with local government units and civil society groups that support micro-entrepreneurs,” he concluded.

📷 Department of Trade and Industry

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