Lesson 1: Overview of Entrepreneurship Flashcards
The law requires lending institutions to allocate at
least eight percent of their total loan portfolio to micro
and small businesses.
Before the amendments, the law requires only a six
percent minimum allocation for these, and a minimum
two percent allocation for medium enterprises
REPUBLIC ACT 9501
REPUBLIC ACT 9501
Before the amendments, the law requires only a ____
percent minimum allocation for these, and a minimum
_________allocation for medium enterprises
six, two percent
What are MSMEs?
Micro, Small and, Medium Enterprises
An ____ in the Philippines is defined as any business activity or
enterprise engaged in industry, agri-business, services and
manufacturing
MSME
Asset size is up to 3,000,000 with a number of employee of 1-9
Micro Enterprise
Asset size is up to 3,000,001 - 15,000,000 with a number of employee of 10-99
Small Enterprise
Asset size is up to 15,000,001 - 1,000,000,000 with a number of employee of 100-199
Medium Enterprise
998,342 (99.52%)
MSME’S
4,769 (0.48%)
Large Enterprise
On October 16, 2016, the 25-year long term vision called
_________ was approved and adopted by the
Philippine Government with the signing of an Executive
Order. 5, s. 2016
AmBisyon Natin 2040
_____________ served as the government’s guide
to create and implement policies, programs, and projects
to help realize and attain its goals in the next 25 years,
particularly in these areas:
Building a prosperous, predominantly middle-class
society where no one is poor;
Promoting a long and healthy life;
Becoming smarter and more innovative; and
Building a high-trust society.
AmBisyon Natin 2040
3 Strategic Outcomes
“Matatag, maginhawa, at panatag na buhay.
“
3 Pillars
“Malasakit, Pagbabago, and Patuloy na Pag-unlad.
“
to carry out the government’s
program consciously and purposively by providing
relevant, accessible, high quality, and efficient
technical education and skills development.
TESDA
TESDA
Technical Education and Skills
Development Authority
