SM supports MSME communities
What: As SM pursues expansion and growth, it contributes to increasing economic activity and growing business resilience that support hundreds of thousands of micro, small and medium enterprises.
Why it is important: SM acts as a marketplace to over 90,000 MSMEs partners, helping them navigate mainstream retailing by providing SM’s retail store space as platforms to help master their entrepreneurial skills and grow their businesses; and provide holistic support through marketing advice, financial access as well as promotion and advertising.
These MSMEs make up 99.5% total business enterprises in the Philippines and generate over 5.3 million jobs or 62.7% of the country’s total employment.
SM Supermalls’ Start-Up Market program in high-traffic malls also helps budding online entrepreneurs to put up kiosks in SM malls without the burden of costly rental fees and construction costs.