November 7, 2023
In a bid to empower micro, small, and medium enterprises (MSMEs), BDO Network Bank recently organized Negosyante Day at the Tacloban Convention Center, providing a platform for entrepreneurs to gain valuable insights into business growth. The event, which saw active participation from grocery owners, suppliers, and distributors across various towns in Leyte, aimed to address the challenges faced by these businesses and equip them with practical tips for success.
Sharing Wisdom for Business Success
BDO Network Bank’s Regional Sales Head, Sonny Agapito, took the stage to share his expertise and offer practical advice to MSMEs in Leyte. Acknowledging the time constraints faced by business owners, Agapito highlighted the bank’s commitment to reaching out to distant towns personally, providing financial education, one-on-one consultations, and hands-on tips to help businesses thrive.
“We understand that business owners are busy, so we personally visit distant towns to provide financial education, one-on-one consultations, and practical tips to help businesses thrive,” Agapito said.
Proactive Decision-Making for Business Resourcefulness
Agapito emphasized the importance of being proactive and making informed decisions while anticipating market changes. For instance, if the prices of essential products are expected to rise in the coming weeks, he advised MSMEs to purchase stocks in advance to acquire them at a lower cost. This strategic approach not only ensures cost savings but also prepares businesses to navigate potential challenges in the market.
In addition to securing essential items at lower prices, Agapito stressed the significance of on-time product delivery to loyal customers. Timely delivery not only enhances customer satisfaction but also contributes to building a strong and loyal customer base.
Financial Support for Business Expansion
Understanding the financial needs of MSMEs, BDO Network Bank introduced the Negosyante Loan, offering loans of up to Php 1 million. This financial assistance is tailored to support businesses in their expansion endeavors, whether it’s acquiring additional inventory, purchasing equipment, or improving delivery services.
For entrepreneurs seeking more information about the Negosyante Loan or exploring other products and services offered by BDO Network Bank, avenues like visiting the nearest branch, exploring the bank’s website or sending a direct message to the BDO Network Bank Official Facebook Page are available.
Negosyante Day by BDO Network Bank has proven to be a valuable initiative, bridging the gap between financial institutions and MSMEs. By providing practical tips, financial support, and a platform for networking, BDO Network Bank is contributing to the growth and sustainability of businesses in Leyte. As entrepreneurs implement these insights and leverage the support available, the local business landscape is poised for positive transformation, ensuring a thriving entrepreneurial ecosystem.