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Asia Small and Medium-Sized Enterprise Monitor 2020: Volume III: Thematic Chapter—Fintech Loans to Tricycle Drivers in the Philippines
Asia Small and Medium-Sized Enterprise Monitor 2020: Volume III: Thematic Chapter—Fintech Loans to Tricycle Drivers in the Philippines
Asia Small and Medium-Sized Enterprise Monitor 2020: Volume III: Thematic Chapter—Fintech Loans to Tricycle Drivers in the Philippines
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Asia Small and Medium-Sized Enterprise Monitor 2020: Volume III: Thematic Chapter—Fintech Loans to Tricycle Drivers in the Philippines

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The Asia Small and Medium-Sized Enterprise Monitor (ASM) is a knowledge-sharing product developed as a key resource for micro, small, and medium-sized enterprise development policies in Asia and the Pacific. The ASM 2020 Volume III is a Thematic Chapter on financial technology (fintech) loans to tricycle drivers in the Philippines, addressing how fintech affects the welfare of the self-employed and contributes to the development of country’s local economies.
LanguageEnglish
Release dateNov 1, 2020
ISBN9789292624873
Asia Small and Medium-Sized Enterprise Monitor 2020: Volume III: Thematic Chapter—Fintech Loans to Tricycle Drivers in the Philippines

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    Asia Small and Medium-Sized Enterprise Monitor 2020 - Asian Development Bank

    ASIA SMALL AND MEDIUM-SIZED ENTERPRISE MONITOR 2020

    VOLUME III—THEMATIC CHAPTER: FINTECH LOANS TO TRICYCLE DRIVERS IN THE PHILIPPINES

    NOVEMBER 2020

    Creative Commons Attribution 3.0 IGO license (CC BY 3.0 IGO)

    © 2020 Asian Development Bank

    6 ADB Avenue, Mandaluyong City, 1550 Metro Manila, Philippines

    Tel +63 2 8632 4444; Fax +63 2 8636 2444

    www.adb.org

    Some rights reserved. Published in 2020.

    ISBN 978-92-9262-486-6 (print); 978-92-9262-487-3 (electronic); 978-92-9262-488-0 (ebook)

    Publication Stock No. TCS200331-2

    DOI: http://dx.doi.org/10.22617/TCS200331-2

    The views expressed in this publication are those of the authors and do not necessarily reflect the views and policies of the Asian Development Bank (ADB) or its Board of Governors or the governments they represent.

    ADB does not guarantee the accuracy of the data included in this publication and accepts no responsibility for any consequence of their use. The mention of specific companies or products of manufacturers does not imply that they are endorsed or recommended by ADB in preference to others of a similar nature that are not mentioned.

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    This work is available under the Creative Commons Attribution 3.0 IGO license (CC BY 3.0 IGO) https://creativecommons.org/licenses/by/3.0/igo/. By using the content of this publication, you agree to be bound by the terms of this license. For attribution, translations, adaptations, and permissions, please read the provisions and terms of use at https://www.adb.org/terms-use#openaccess.

    This CC license does not apply to non-ADB copyright materials in this publication. If the material is attributed to another source, please contact the copyright owner or publisher of that source for permission to reproduce it. ADB cannot be held liable for any claims that arise as a result of your use of the material.

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    Notes:

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    Cover design by Claudette Rodrigo.

    Contents

    Tables and Figures

    Foreword

    Micro, small, and medium-sized enterprises (MSMEs) play a crucial role in most economies. They are particularly important in developing countries where firm size distribution is generally skewed toward smaller enterprises. They generate the majority of business opportunities and create numerous jobs worldwide. In Southeast Asia, MSMEs accounted for an average 97% of all enterprises, 69% of the total workforce, and 41% of a country’s gross domestic product during 2010–2019. This suggests that the region’s robust growth over the past decade was largely underpinned by MSMEs. Hence, MSME development is a national policy priority in promoting inclusive growth. However, limited access to formal financial services ranks first as a barrier impeding their business development.

    This report is the thematic chapter of the Asia Small and Medium-Sized Enterprise Monitor (ASM) 2020. It explores selected country best practices related to MSME development by using an impact evaluation approach—an approach that assesses how an intervention affects particular outcomes compared with non-intervention. This is a useful analytical tool to evaluate the impact of policy interventions on MSME development in developing member countries of the Asian Development Bank (ADB). Volume III of the 2020 edition focuses on financial technology

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