Opening address at the launch of the Women Entrepreneurs Peer Programme

By Mr Khalid Hassan, Director, ILO Country Office for the Philippines at the launch of the Women Entrepreneurs Peer Programme, 30 January 2024, Manila, Philippines

Statement | Manila, Philippines | 30 January 2024
  • Ms Jeannie Javelosa of GREAT Women,
  • Mr Archie Marchan, Chief Financial Officer, officials and volunteer coaches from J.P. Morgan Philippines,
  • women entrepreneurs,
  • partners, guests, ladies and gentlemen, magandang umaga sa inyong lahat (good morning to all of you).
Welcome to the culmination of the ILO Rebuilding Better Flip your Biz Programme!

We are grateful to J.P. Morgan Philippines for supporting and making this possible.

We also thank Great Women Philippines, our partner for the continuing the work of bringing women entrepreneurs together.

Introduced in 2021, the Flip your Biz Programme provided a support network to women entrepreneurs to rebuild their businesses.

Two years after the pandemic, the need for more sustainable and resilient business models is just as important as today.

Women entrepreneurs have a crucial role in building more resilient and sustainable enterprises.

Through entrepreneurship, women gain access to livelihood opportunities and decent work, which contribute to the country’s economic growth and sustainable development.

The Peer Programme offers a combination of masterclasses and multiplier sessions on access to finance and access to markets, peer support and networking opportunities for women entrepreneurs to flourish and expand their businesses.

Through this project over 1000 small businesses have been connected with relevant business development and financial support services. About 86 per cent of women entrepreneurs reported improvements in financial management, digital marketing and branding.

Moreover, beneficiaries reported they had started or increased use of digital platforms to reach clients and accept payments.

About 21 per cent of them received a grant or loan, with increased access to financial support.

J.P. Morgan Philippines with the employee resource group’s strong volunteer support has been instrumental through the Women on the Move and Good Works.

Mr Archie Marchan as speaker and volunteer mentor is commendable. He supported and inspired women entrepreneurs through the Masterclass on Financial Statements.

Together, we created opportunities and removed barriers for women entrepreneurs to succeed.

Such collaborations are in sync with our work on the Global Coalition for Social Justice. The Philippines recently joined this groundbreaking initiative, which now includes 100 partners.

The Global Coalition focuses on improving worldwide cooperation to advance social justice and promote decent work for all.

Collaborative efforts allow for greater impact and scale. We count on you as we strengthen collaboration and break down barriers to unleash the full potential of women entrepreneurs.

Maraming salamat po (Thank you very much).