Showing posts with label Entrepreneurs. Show all posts
Showing posts with label Entrepreneurs. Show all posts

Friday, February 7, 2025

Intergenerational Empowerment for Our Indigenous Entrepreneurs, Stories from Philippines and Indonesia

Micro, Small, and Medium Enterprises (MSMEs) are considered to have an important role in driving the economy of countries in Southeast Asia. According to data from the Economic Research Institute for ASEAN and East Asia (ERIA), there are currently more than 70 million MSMEs in Southeast Asia employing more than 140 million people and representing 99 percent of all businesses in the region. However, Southeast Asia continues to face challenges in building a sustainable MSME ecosystem, particularly in helping small businesses navigate an evolving landscape.

In the Philippines, efforts to empower MSMEs that preserve traditional crafts are gaining momentum in Iloilo, a region renowned for its hand-loom weaving. Once a thriving industry in the late 18th century, it struggled due to a decline in skilled artisans. To sustain the craft, the Iloilo Provincial Government, through the Provincial Culture, Arts, History, and Tourism Office, has initiated programs like the Indigenous Fiber Fashion Fair. This event has since evolved into a partnership with ISAT-University’s Fashion Design and Merchandising program, offering a platform for emerging designers.