Newsletter: Abot-kamay na loans mas pinaigting hatid ng ng Asian Development Bank at GCash

[THIS IS A PRESS RELEASE]

[L-R] Mastercard Center for Inclusive Growth senior vice president Subhashini Chandran; Finance of the Asian Development Bank director general for sectors department 3 Christine Engstrom; Fuse Financing Inc. president and CEO Tony Isidro; Department of Trade and Industry secretary Cristina Roque; and Mynt president and CEO Martha Sazon

Ginhawa at pag-asa ang hatid sa mga maliliit na negosyante o MSMEs, mga women entrepreneur lalo na sa mga high poverty area sa buong Pilipinas, matapos aprubahan ng Asian Development Bank (ADB) ang ₱1.75 bilyon ($30 milyon) na loan para sa GCash Fuse Financing, Inc. Layunin nito na mas mapadali ang pag-utang ng puhunan at makatulong sa paglago ng kanilang negosyo. 

Newsletter: ADB and GCash Fuse partner to unlock inclusive finance for MSMEs, women and fight poverty in the Philippines

[THIS IS A PRESS RELEASE]

[L-R] Mastercard Center for Inclusive Growth senior vice president Subhashini Chandran; Finance of the Asian Development Bank director general for sectors department 3 Christine Engstrom; Fuse Financing Inc. president and CEO Tony Isidro; Department of Trade and Industry secretary Cristina Roque; and Mynt president and CEO Martha Sazon

Micro, small, and medium-sized enterprises (MSMEs) and women entrepreneurs across the Philippines are set to gain significantly better financial access after the Asian Development Bank (ADB) approved a  Php 1.75 billion ($30 million) loan facility to Fuse Financing Inc., the lending arm of GCash, the country’s leading finance superapp and largest cashless ecosystem.