Challenges of Small and Medium Enterprise Towards Progress in Barangay Pulo, City of Cabuyao Laguna
LESLIE ANN U GAMUNDOY | REMEDIOS J BUCAL | FLORDELIZA S EM
Discipline: business studies
Abstract:
The major concern of this study is to identify the challenges of
small and medium enterprises towards progress in Barangay
Pulo in the City of Cabuyao, Laguna as assessed by the business
owner- respondents. By understanding their challenges, it is
expected to improve the competitiveness of SMEs and that
eventually they will grow and expand their businesses.
When it comes to nature of business the service type is the most
commonly used by the medium enterprise business-owners with
a least capitalization of 11,000 and up and with a capacity of 11
years of business operations.
They all agreed that they encounter some difficulties on availing
funds because of lots of requirements in loan application for
business.
They are also amenable of growing stiff competition that arise
among the unregistered enterprises because of much cheaper
offered products to the market. In this case some of SMEs have
failed to compete with the micro businesses.
They all disagree on perception that the focus on giving support
is intended only for micro-enterprises same as the LGU for the
insufficient fund to support in promoting more the SME sector.
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