Last year, more than 124,000 franchisees offered the products and services of over 1,100 franchisors in the country. This translated to more than a million jobs generated and a total of US$9.45B in output, which is equal to 5% of the country’s total gross domestic product (GDP). These figures make the Philippines the leader in Southeast Asia in terms of franchise concept development.
The Philippine Franchise Association acknowledges that this growth is fueled by the entry of new players from micro, small and medium enterprises (MSMEs), the continued rise of the business process outsourcing (BPO) industry, and the introduction of indigenous and food concepts.
Esquire Financing Inc. (EFI) recognizes the potential in funding the development of emerging enterprises, especially now when there is positive economic growth in the country. “MSMEs are the pillars of growth of the Philippine economy. They will catapult economic production into greater numbers through job development,” Esquire President/CEO Rajan Uttamchandani stated.
Established in April 2011, Esquire Financing serves the needs of small and medium-sized enterprises that are in the growth stage. The company’s mission is “To equip emerging entrepreneurs with the right mindset, essential skill-sets, and the necessary financial support to achieve sustainable business growth.”
To learn more about how EFI can help you grow your SME with its fast and efficient financial solutions, visit http://esquire.com.ph/, or contact firstname.lastname@example.org or call 0917-5135573.