According to the Department of Trade and Industry, small businesses comprise more than 99 percent of enterprises in the country and employ 64.67 percent of local workforce.
MSMEs not only bring a sense of local pride to communities, but also provide a central point for local trade, says the report. They are also a catalyst to bring together a community through programs.
Local fashion brand Bayo is a firm believer that women hold up the world with their delicate yet sturdy hands. This belief propelled Bayo to turn a crisis into an opportunity. The brand even found a way to help protect medical front-liners during the pandemic.
One Closet is a gown rental shop that calls for donations of quality new and “gently used” formal dresses from all over the country. She began calling for donations in 2017 through emailing letters and posting on Facebook. And to her surprise, top Filipino designers responded to her call and sent over beautiful pieces of pre-loved gowns.
Thus, the initiative called the Plastic Credit Exchange came to life. It aims to reduce postconsumer plastic waste through the ‘waste to cash’ model. It is the world’s first nonprofit plastic offset organization that mobilizes 100 sari-sari stores run by women microentrepreneurs.
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