Manila Bulletin

Micro finance

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Another notable new business that came to the fore in this time of crisis is the proliferat­ion of micro finance firms that serve as conduits for government’s “ayuda”.

Aside from these remittance centers, several online micro finance firms, most of them still need to establish their credibilit­y, are sprouting and offering loans to the impoverish­ed Filipinos.

Because transporta­tion is difficult, mini neighborho­od markets found their way into strategic locations, easily a walking distance from villages and communitie­s. These mini neighborho­od markets offer basic daily needs, mostly food, vegetables and fruits.

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