For Micro-entrepreneurs out there, the New Ang Kasangga Partylist Website is Already Available. Now you can inquire, be a member and check the latest buzz about Ang Kasangga.
Online PR News – 29-March-2010 – – Now you can visit and check out the Philippine's number one Partylist for Micro- Entreprenerus, Ang Kasangga. Find the Ang Kasangga News and Developments, Inquire About Membership and See the Latest Photos on http://www.kasangga.org.ph
About Ang Kasangga
Ang Kasangga Partylist focuses on the Filipino microentrepreneurs – those whose enterprises have an individual capital of one hundred fifty thousand pesos (P150,000.00) and below. These small income generating enterprises that produce and distribute goods and provide services: jeepney drivers, tricycle drivers, food stall and/or sari-sari store owners, market vendors, and blind masseurs, among others seen everywhere. Others include the home workers in the garment industry, families producing shoes and leather items, small producers of goods like handicraft, furniture, and candies.
These microentrepreneurs have a very vital role in the country’s economic and social development. They are able to provide income to a large segment of the population. Without this income, the socio-economic pressures would be near-insurmountable. This sector usually absorbs unemployed members of society – those unable to find employment in the open market. They also provide input to the formal sector ranging from manufacturing parts and supplies, to labor for production.
For the consumers, goods and services this sector makes available are more affordable and accessible. Taxi, jeepney, and tricycle drivers have contributed to making the public transportation system more convenient. Retail operators, such as those of sari-sari stores, not only provide daily consumables in convenient locations, but also break down the supply of consumer goods into small quantities that are made more affordable to the poor.
Part of the Informal Sector, microentrepreneurs are characterized with low productivity, insecure income, poverty, dismal working conditions and a lack of social protection. Owners of small businesses, they are prone to risks of failure and, compared to larger companies, find it more difficult to obtain capital and credit from financing institutions.
Their more feeble economic standing makes them more vulnerable to sudden changes in the business environment. They lack the financial or organizational capacity to respond adequately to new opportunities.