(Clockwise from top left) Jimmy Loro, GIZ RFPI Asia senior advisor; Rahul Hora, AXA Philippines president and CEO: Dr. Volker Steigerwald, GIZ program director; and Jonathan Batanga, PJ Lhuillier Group of Companies vice president and group head during the MicroDRI Project Microbiz Prokk Jr. project launch. CONTRIBUTED PHOTO
WHEN natural disasters and calamities strike, micro, small and medium enterprises (MSMEs) are one of the most vulnerable segments.
This assumes further significance when we take into account that the Philippines ranked ninth in the world among countries with extreme weather events in the 2020 World Risk Index, according to the Congressional Policy and Budget Research Department by the House of Philippine Congress.