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THE Standard Chartered Bank announced on October 4 its support to the country’s steady recovery from the global pandemic continues by helping micro-scale and small-sized businesses to succeed.
According to SCB, the microfinancing project launched last year has benefited more than 400 youth and women microentrepreneurs, “giving them affordable funding to restore, diversify and expand their microbusinesses.” The bank said it “continues to promote greater inclusion across its markets” through the bank’s global program that it said “tackles inequality by supporting disadvantaged youth, especially women, through initiatives anchored on the pillars of education, employability and entrepreneurship.”
One of the most effective ways to promote economic inclusion is to support micro-scale, small-scale and medium-sized enterprises, “which are the backbone of the Philippine economy,” SCB Head of Corporate Affairs, Brand and Marketing Mai G. Sangalang was quoted in the statement as saying. “It is humbling to see the positive outcomes of the project and meet some of the young women entrepreneurs who turned adversity into opportunity during the pandemic.
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