IDEAS home Printed from https://ideas.repec.org/p/ris/adbiwp/0589.html
   My bibliography  Save this paper

Credit Surety Fund: A Credit Innovation for Micro, Small, and Medium-Sized Enterprises in the Philippines

Author

Listed:
  • Maningo, Gary V.

    (Asian Development Bank Institute)

Abstract

Micro, small, and medium-sized enterprises are a backbone of the Philippine economy. One factor that hinders the growth of these enterprises is their difficulty in accessing finance from banks and other financial institutions. The Credit Surety Fund (CSF) was established to help these enterprises and other organizations become creditworthy and bankable. The CSF is a credit guarantee program initiated by the Bangko Sentral ng Pilipinas that enables enterprises and cooperatives to gain easier access to loans from banks without providing collateral. The CSF pools contributions from cooperatives and nongovernment organizations, local government units, institutions such as the Development Bank of the Philippines, the Land Bank of the Philippines, the Industrial Guarantee and Loan Fund, and other organizations. In this way, it is a public–private partnership that links the key players of the economy to empower enterprises and cooperatives.

Suggested Citation

  • Maningo, Gary V., 2016. "Credit Surety Fund: A Credit Innovation for Micro, Small, and Medium-Sized Enterprises in the Philippines," ADBI Working Papers 589, Asian Development Bank Institute.
    • Handle: RePEc:ris:adbiwp:0589
    as

    Download full text from publisher

    File URL: https://www.adb.org/sites/default/files/publication/189393/adbi-wp589.pdf
    File Function: Full text
    Download Restriction: no
    ---><---

    References listed on IDEAS

    as
    1. Asian Development Bank (ADB) & Asian Development Bank (ADB) & Asian Development Bank (ADB) & Asian Development Bank (ADB), 2015. "Integrating SMEs into Global Value Chains: Challenges and Policy Actions in Asia," ADB Reports RPT157679-2, Asian Development Bank (ADB).
    2. Asian Development Bank Institute, 2015. "Integrating SMEs into Global Value Chains: Challenges and Policy Actions in Asia," Working Papers id:7658, eSocialSciences.
    Full references (including those not matched with items on IDEAS)

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Nam Hoang Vu & Tuan Anh Bui & Tram Bao Hoang & Hanh My Pham, 2022. "Information technology adoption and integration into global value chains: Evidence from small‐ and medium‐sized enterprises in Vietnam," Journal of International Development, John Wiley & Sons, Ltd., vol. 34(2), pages 259-286, March.
    2. Jamil Paolo Francisco & Tristan Canare & Jean Rebecca Labios, 2018. "Obstacles and Enablers of Internationalization of Philippine SMEs Through Participation in Global Value Chains," Working Papers id:12905, eSocialSciences.
    3. Lanz, Rainer & Lundquist, Kathryn & Mansio, Grégoire & Maurer, Andreas & Teh, Robert, 2018. "E-commerce and developing country-SME participation in global value chains," WTO Staff Working Papers ERSD-2018-13, World Trade Organization (WTO), Economic Research and Statistics Division.
    4. Anita Prakash (ed.), 2019. "Asia-Europe Connectivity Vision 2025: Challenges and Opportunities," Books, Economic Research Institute for ASEAN and East Asia (ERIA), number 978-602-8660-91-4, July.
    5. S. Pobyvayev A. & С. Побываев А., 2016. "ГЛОБАЛЬНЫЕ ЦЕПОЧКИ СТОИМОСТИ И ИХ ПОТЕНЦИАЛЬНАЯ РОЛЬ В РАЗВИТИИ РОССИЙСКО-БЕЛОРУССКОЙ ИНТЕГРАЦИИ // Global Value Chains and Their Potential Role in the Development of Russian-Belarusian Integration," Мир новой экономики // The world of new economy, Финансовый университет при Правительстве Российской Федерации // Financial University under The Governtment оf The Russian Federation, issue 4, pages 41-50.
    6. Eva Cihelková & Irina Platonova & Yelena Frolova, 2019. "Comparative Analysis of Supporting Small and Medium Enterprises for Enhancing Created Added Value in the EU and China," Economy of region, Centre for Economic Security, Institute of Economics of Ural Branch of Russian Academy of Sciences, vol. 1(1), pages 256-269.
    7. Torres de Oliveira, Rui & Nguyen, Tam & Liesch, Peter & Verreynne, Martie-Louise & Indulska, Marta, 2021. "Exporting to escape and learn: Vietnamese manufacturers in global value chains," Journal of World Business, Elsevier, vol. 56(4).
    8. Aleksandar M. Damnjanovic & Goran Dzafic & Sandra Nesic & Dragan Milosevic & Gordana Mrdak & Sinisa M. Arsic, 2022. "Strategic Management of External Disruptions on Realization of Business Plans—Case of Serbian Manufacturing Companies," Sustainability, MDPI, vol. 14(18), pages 1-22, September.
    9. Mauro Boffa & Marion Jansen & Olga Solleder, 2021. "Participating to Compete: Do Small Firms in Developing Countries Benefit from Global Value Chains?," Economies, MDPI, vol. 9(1), pages 1-25, February.
    10. Haraguchi, Nobuya & Martorano, Bruno & Sanfilippo, Marco, 2019. "What factors drive successful industrialization? Evidence and implications for developing countries," Structural Change and Economic Dynamics, Elsevier, vol. 49(C), pages 266-276.
    11. Yoshino, Naoyuki & Taghizadeh-Hesary, Farhad, 2016. "Major Challenges Facing Small and Medium-sized Enterprises in Asia and Solutions for Mitigating Them," ADBI Working Papers 564, Asian Development Bank Institute.
    12. Teerawat Charoenrat & Charles Harvie, 2017. "The Performance of Thai Manufacturing SMEs: Data Envelopment Analysis (DEA) Approach," Global Business Review, International Management Institute, vol. 18(5), pages 1178-1198, October.
    13. Christianty, Restia & Hidayati, Ratnaningsih, 2020. "Christianty, R and Hidayati, R. 2020. Strategy to Increase the Competitiveness of SMEs and their Integration into Global Value Chain. The International Journal of Business Management and Technology, V," OSF Preprints ua9zv, Center for Open Science.

    More about this item

    Keywords

    credit Surety Fund; public–private partnerships; credit innovation; credit guarantee programs;
    All these keywords.

    JEL classification:

    • G21 - Financial Economics - - Financial Institutions and Services - - - Banks; Other Depository Institutions; Micro Finance Institutions; Mortgages
    • G24 - Financial Economics - - Financial Institutions and Services - - - Investment Banking; Venture Capital; Brokerage
    • G32 - Financial Economics - - Corporate Finance and Governance - - - Financing Policy; Financial Risk and Risk Management; Capital and Ownership Structure; Value of Firms; Goodwill

    NEP fields

    This paper has been announced in the following NEP Reports:

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:ris:adbiwp:0589. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: ADB Institute (email available below). General contact details of provider: https://edirc.repec.org/data/adbinjp.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.