SME Access to Finance Assessment Tender in Philippines - 138416738

Procurement Summary

Country: Philippines

Summary: SME Access to Finance Assessment for the Philippines

Deadline: 20 Apr 2026

Posting Date: 25 Mar 2026

Other Information

Notice Type: Tender

TOT Ref.No.: 138416738

Document Ref. No.: 0002021516

Competition: ICB

Financier: World Bank (WB)

Purchaser Ownership: Public

Tender Value: Refer Document

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Tender Details

1. BackgroundMicro, small, and medium enterprises (MSMEs) play a critical role in the Philippine economy, accounting for over 99% of firms, approximately 40% of GDP, and 67% of employment. Despite their economic significance, access to finance for MSMEs remains severely constrained. According to the Bangko Sentral ng Pilipinas (BSP), only about 4.5% of total bank lending is directed to MSMEs, well below the 10% minimum mandated under the Magna Carta for MSMEs. The MSME financing demand, estimated by Visa International, is at approx. USD 220 billion, with only USD 15 billion in supply.Structural factors contributing to this gap include limited adoption of digital credit instruments beyond mobile wallets, persistent weaknesses in credit information infrastructure, reluctance of traditional financial institutions to lend due to perceived risk and lack of collateral, and weak supervision of non‑bank financial institutions (NBFIs). While the Government of the Philippines has launched initiatives such as the National Financial Inclusion Strategy (NFIS), most interventions to date have focused on digital payments and non‑financial services, with limited direct impact on MSME access to credit.The International Finance Corporation (IFC), intends to engage a qualified consulting firm to carry out a series of interlinked assessments. These assessments will be anchored by an MSME market diagnostic and will inform reforms, investments, and demonstration models to strengthen MSME access to finance.2. Objectives of the assignmentThe objective of the assignment is to carry out four complementary diagnostics to identify implementable, private‑sector‑led solutions and relevant regulatory considerations to address MSME access‑to‑finance gaps in the Philippines. The diagnostics are intended to inform IFC engagement with BSP, SEC, and market participants, and to support prioritization of IFC advisory and investment activities.
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