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E-Peso

Empowering MSMEs for the Nation’s Future

E-Peso

Empowering MSMEs for the Nation’s Future

Challenge

Making Unsung Heroes Heard. The Micro, Small & Medium Enterprises (MSMEs) are the backbone of the national economy, accounting for 99 percent of all companies in the Philippines, roughly 66 percent of employment, and a third of the gross value. As the digital economy becomes more important, these MSMEs face the problem of digital transformation.
According to Bain & Company (2018), only 16 percent of MSMEs in ASEAN are truly digitized while a vast majority lack the resources to understand the complexities of digital technologies.
This challenge has been emphasized by the COVID-19 pandemic. Filipinos now shop online more than ever, pushing the importance of a digital business.
Despite the country’s high internet penetration rate and being dubbed as the “social media capital of the world,” a lot of Filipino entrepreneurs relied solely on physical operations for their businesses. Many, especially those in rural and far-flung areas, were not familiar with digital marketing and e-commerce practices. To make things worse, 51.2 million Filipinos were unbanked, making adjusting to the COVID-19 crisis even more technically challenging.
How can Filipino MSMEs and women entrepreneurs (WEs) be competitive in a digital economy? How do we help the unsung heroes thrive in a more digital world?
The Department of Trade and Industry’s ‘digital first’ program, was designed to provide Filipino MSMEs with digital tools and knowledge to improve local economic growth. The main goal was to empower Filipino business owners, particularly women entrepreneurs (WEs), and get them to go digital. This would help them grow and become more sustainable and in turn, bolster the Philippine economy.
To push this initiative, the government agency reached out to M2.0 to spearhead a campaign. This included complete brand development (an original logo and comprehensive brand book), social media page development, social media training, case study write-ups, and videos.

Approach

Uplifting the Importance of Filipino Entrepreneurs. Before anything, the initiative needed a name. With a title that represented what it stood for, the team came up with a meaningful acronym to champion the cause: E-Taas.
Read as a word, similar to the Filipino term, “itaas,” or “to uplift.” The “E” symbolized its electronic aspect, while each letter represented the overall goals of the campaign.
Ideally, M2.0 was to build a full digital ecosystem for the campaign to be effective. However, given the time frame and limitation in terms of resources, the agency needed to regroup and prioritize how to use each channel. This brought them to the question: What exact channels would be the most efficient to use in the campaign?
For this, the team knew that Facebook would be the main one to utilize for the campaign; A whopping 96.8 percent of Filipino internet users used the platform, according to We Are Social. The team created the E-Angat Facebook Page to serve as an information gazette for a cross-section of stakeholders—from MSMEs to policymakers and partners to consumers.

Results

The campaign now needed a face. The M2.0 design team wanted a logo that showed the diverse, local products that the MSMEs were selling. At the same time, it would represent the unusual merging of key themes: tradition and innovation. The concept aimed to challenge the convention by unifying the two.
The agency integrated weave design, a traditional Filipino technique, with a mouse cursor to symbolize the transition to a digital era. The visual served as an invitation to embrace change but remember to hold on to timeless, fundamental principles.
Finally, the agency used its networks and partnerships such as DTI, NATCCO, Lazada, and Shopee in order to get the campaign on its feet. They were able to provide logistical support to carry out the project, extend content reach, and spark collaborations with other existing MSME programs.
With the program up and running, Filipino MSMEs were taking the next steps toward becoming more sustainable businesses. As the heart of the Philippine economy, these enterprises continue to evolve in the new normal.
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