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More articles about: microloans
The latest investment worth P410 million is from World Bank Group's International Finance Corporation.
Financial technology company First Circle has secured P410 million ($7 million) in investment from Washington-headquartered International Finance Corporation (IFC). The capital will allow the fintech to raise funds to expand its loan book for small and medium enterprises (SMEs). For IFC, ...
Unique users of these platforms also surged by 64 percent to 47.5 million.
There's nothing surprising about seeing people shifting to digital lending platforms when applying for credit cards is just too much work. (And the chance of getting approved is not so high either.) This is especially true in the Philippines, where most ...
One factor said to be driving this attraction is that many of these consumers grew up watching their parents struggle with credit card debt.
More and more users are turning to digital payment platforms not just to manage their funds, but also because of the availability of various loan services.Case in point: the "buy now, pay later" (BNPL) service. This microloan is emerging as a ...
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