Private sector-led MSME program to be launched Aug. 26

MANILA – The Private Sector Advisory Council (PSAC) will launch on Friday a program for micro, small and medium enterprises (MSMEs) called Kapatid Angat Lahat.

This program was initiated by Go Negosyo founder Joey Concepcion, who is also the Jobs group lead of PSAC.

In a statement Tuesday, Concepcion said the private sector is partnering with the government for the Kapatid Angat Lahat Program, which aims to promote inclusive economic growth by providing access to money, markets, and mentorship to MSMEs.

Money, markets, and mentorship are part of Go Negosyo’s framework for helping small-scale businesses to grow.

“The battle cry is ‘Pilipinas Angat Lahat’, or Prosperity for All,” Concepcion said.

He said the Kapatid Angat Lahat is part of the priority programs of PSAC’s Jobs group presented to President Ferdinand Marcos Jr. on August 17.

The program for MSMEs, he added, aims to help achieve the government’s goal to reduce the poverty level to a single-digit rate by providing Filipinos with decent jobs.

“For us to increase the number of jobs in our country, we need to help scale up our MSMEs. This is where the public-private partnership with the government is key,” Concepcion said.

Among the services that will be offered under the Kapatid Angat Lahat Program are guidance on legal business registration and operational requirements, formalizing informal businesses, financial capital support options, micro-loans, more robust market access, and business mentorship that spans ideation to sustainability.

“We should help our MSMEs become bigger. Any effort here will contribute to creating more jobs. This is the Circle of Success we create when everyone in the ecosystem grows and where no one is left behind,” Concepcion added.

Philippine News Agency