{"id":8321,"date":"2024-01-30T23:18:25","date_gmt":"2024-01-30T15:18:25","guid":{"rendered":"https:\/\/my-juicy.net\/?p=8321"},"modified":"2024-01-30T23:18:26","modified_gmt":"2024-01-30T15:18:26","slug":"917ventures-fundspace-offers-philippine-msmes-grappling-with-credit-and-funding-issues-new-seamless-digital-based-solution","status":"publish","type":"post","link":"https:\/\/my-juicy.net\/2024\/01\/917ventures-fundspace-offers-philippine-msmes-grappling-with-credit-and-funding-issues-new-seamless-digital-based-solution.html","title":{"rendered":"917Ventures\u2019 Fundspace offers Philippine MSMEs grappling with credit and funding issues new seamless digital-based solution"},"content":{"rendered":"\n
Manila, Philippines, 30 January 2024\u2013\u00a0<\/strong>\u00a0As fund sufficiency remains a\u00a0major challenge for MSMEs<\/a>, particularly in emerging markets, 917Ventures\u2019s loan aggregator Fundspace is offering MSMEs and local entrepreneurs a swift, user-friendly, and easily accessible digital solution to bridge the financing gap in the Philippines.<\/p>\n\n\n\n \u201cNo one can deny the outsized impact of micro, small, and medium enterprises (MSMEs). According to the United Nations Development Programme, these businesses contribute 40% to the country\u2019s gross domestic product (GDP)<\/a> and employ 63% of the local workforce. Despite their substantial contributions, many MSMEs continue to be underfunded. This hinders the growth of these businesses, and in turn may hinder the growth of the economy,\u201d said Martin Luchangco, Entrepreneur-in-Residence at 917Ventures.<\/p>\n\n\n\n Straightforward Application Process<\/strong> Entrepreneurs can start their financing journey in four simple steps: <\/p>\n\n\n\n Together with its lender partners that include Alon Capital, iGlobal, Mt Fuji Lending, BPI Business Banking, First Circle, Zenith Capital, and Esquire, FundSpace provides loans from P5,000 to upwards of P100 million.<\/p>\n\n\n\n \u201cIt\u2019s important to provide flexible loan amounts to better serve MSMEs across the board\u2013from those who are just starting out, to those who want to aggressively grow their businesses,\u201d Luchangco explained.<\/p>\n\n\n\n Since launch, FundSpace has facilitated loans across multiple businesses, including industries like retail, construction, food and beverage, services, and software industries, underscoring its position as a valuable partner of MSMEs, helping propel them toward sustainable growth and success.<\/p>\n\n\n\n
FundSpace caters to enterprises of all sizes, ensuring easy access to the funding to ensure business growth and sustainability. It connects borrowers to different lending partners offering various loan products through an accessible mobile-friendly platform. <\/p>\n\n\n\n\n
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