Soco seeks removal of collateral for MSMEs

TO sustain the growth of entrepreneurship in the country, business leader Glenn Anthony Soco is appealing to the government to scrap the collateral requirement for micro, small and medium enterprises (MSMEs).

Soco, who is the president of Mandaue Chamber of Commerce and Industry (MCCI), said that amid the government’s campaign on access to finance, MSMEs have not yet felt improvements on the ground.

“Access to capital should be opened,” said Soco, adding that this remains the sentiment of MSMEs based in Mandaue City.

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