Through market surveys and interviews, it has been determined that a few of the challenges faced by online merchants include the manual way of tracking and managing customer orders. Furthermore, it also found that these merchants find it difficult to establish and grow their stores in e-commerce marketplaces as they compete with established brands and businesses. Social media platforms are also not ideal to sell online due to their limited features. Hence, they still have to do the other tasks manually which could be a hassle and time-consuming. Additionally, it was pointed out that other alternatives have high competitive price points, making it difficult for small entrepreneurs to push their businesses forward in the digital space.

The pandemic also exacerbates the problem among small business owners. MSMEs are the most vulnerable sectors to the economic impacts of the COVID-19 pandemic. The crisis is pushing consumers to buy online thus the need for the adoption of e-commerce - this will require a much more in-depth digital adaptation by MSMEs.

During these trying times, digitalization plays a vital role in our economic development which includes the business industry. The rise of digital marketplaces such as Lazada and Shopee significantly helped a lot of people who were laid off due to financial constraints. Hence, if you are one of the people who rely on e-markets for your source of income, did you know that you can avail of fast business loans to boost your online store?

Kayamo is a type of fast business loan. The company offers easy, fast, and legit cash funding. Currently, the company has helped thousands of customers get more sales. Upon hearing the benefits of a fast business loan, are you now set to apply? You may visit www.kayamo.ph to check on how to apply and what you need to prepare. 

Just a tip of advice - make sure to fact-check the company that you would want to apply for! Only trust the legit ones.