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Online Cash Loans Using Apps That You Can Download Today!

March 10th, 2022
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Online Cash Loans Using Apps That You Can Download Today!

It is no surprise that alternative loan institutions are common in the Philippines. In its 2017 Financial Inclusion Survey (FIS ), the central bank announced that only an estimated 15.8 million adult Filipinos, or 22.6 percent, have bank accounts, while an approximate 52.8 million, or 77.4 percent, remain unbanked. Due to this, only a small fraction of the Fiipino population can take advantage of financial products provisioned by banks – and that’s where these alternative microfinance companies come in.

In the Philippines, microfinance is dominating the financial industry through high-tech services easily accessible through the internet. With the rise of the Fintech scene, these microfinance companies have become an easier alternative for Filipinos who are seeking financial products that are suitable for their needs. Read more…

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