Has existed in the Philippines since the interaction

of early Filipinos with Foreign traders, especially in

the neighboring countries like:

Malaysia
Indonesia
China
They started business transactions through
the barter system wherein goods and services
were means of exchanges.

Then countries moved towards money

economy when people usd different forms of
money to pay for the goods that they bought.
The Spain, Japan, and America colonized the
Philippines for hundreds of years, they
changed the structure of the society, the
economy, education and political system.
We became a predominantly family - centered,
Catholic, capitalistic, and Democratic country.

After independence, the Philippine government

realized the importance of entrepreneurship to
individuals, society and country, and how it
contributes to the nation's economic development.
 SMEs
 The small and medium enterprises (SMEs)
became the embodiment of entrepreneurship in the
country.

The SME development regulatory framework and

policies started in 1935 when the 1935 Philippine
Constitution first recorded the national commitment
to economic success through industrial and
technological growth.
 Historical Data
show that the intensification of intrepreneurship
development started in the 1970s.

 For the first time,the SME sectorwas given emphasis in

the Philippine Development Plan (1972 - 1976).

 Then,the 1987 Philippine Constitution reinforced the

commitment for the development of the private sector and
provided for a wide range of government reforms and
reorganization.
 Magna Carta
The Magna Carta for Small enterprises is the
landmark legislation which reflects the current
government policy to foster a dynamic SME
sector.

Particularly rural and agricultural - based

manufacturing ventures.
On the other hand, R.A. 7882, the Act
Providing Assistance to Women, recognizes
the special role in development and supports
women entrepreneurs who are enged in the
manufacturing, processing, service and
trading businesses.
 Under this Program

Government Financing Institution (GFIs), like the:

Landbank of the Philippines (LBP)

Development Bank of the Philippines (DBP)

Are Mandated o provide assistance to:

1. Non - government organizations (NGO) engaged in

developing women's enterprisesup to Php. 2 million,
provided the non government organization has a minimum
operating track record of 1 year.

2. Existing women enterprises to the upper limit of

Php. 50, 000.
3. Potential women enterpreneurs with
sufficient training up to a limit of Php. 25,000.
 There is no doubt that the government,
through the Department of Trade and
Industry and its attached agencies and
bureaus.

 Recognizes that promotions of

intrepreneurship demand a holistic,
integrated.
And strategic set of interventions in order
to hasten the economic development of
the Philippines in the midst of this globally
competitive environment.
To implement these plans, significant
enabling laws, policies, and programs
were instituted by the government with
the support of international developmet
organizations, non - government
organizations, and the private sector.