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,

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

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.