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News and Events

How CARD MRI Helps 6 Million Poor Families Through Microfinance

The financial institution received the Elevating Homegrown Innovation award at this year's OCEAN Summit

Dr. Jaime Aristotle Alip, founder and chairman of CARD MRI, speaks at the OCEAN Summit, where his organization was awarded this year’s Elevating Homegrown Innovation AwardThis year’s Open Collaboration for East Asian Networks or OCEAN Summit, held last November 9 and 10 ...

by Lorenzo Kyle Subido  | November 29, 2018 12:00:00
News and Events

Grab Ties Up with Samsung to Bring Micro-Financing Opportunities to Over 2.3 Million Drivers

Drivers will be able to secure micro-loans to easily purchase their own smartphones

Lee Sangchul, president and CEO of Samsung Electronics SEA and Oceania, and Anthony Tan, Group CEO and Co-founder of Grab, shake hands after signing MOUSoutheast Asian ride-hailing platform Grab has teamed up with Korean electronics giant Samsung to provide a variety of ...

by Lorenzo Kyle Subido  | February 02, 2018 06:00:00
News and Events

Where to Apply for Gov’t Loans for Micro Businesses for Only 2.5% Per Month

DTI rolls out affordable lending program that aims to replace costly ”?"5-6” schemes

The Department of Trade and Industry (DTI) has announced that the Pondo sa Pagbabago at Pag Asenso or P3 program, a lending program aimed at providing affordable funds to micro entrepreneurs, is now available nationwide. The government agency published advertisements in several ...

by Cherrie Regalado  | June 02, 2017 11:00:00
Startup Tips

Seamstress builds a P4-million RTW business from a P5,000 borrowed capital in just 3 years

With a lot of financial discipline, seamstress Corazon Bautista was able to grow her business from a P5,000 concern in 2008 to gross sales of P4 million in 2011.

What can you do with P5,000? For Corazon ‘Nanay Cora’ Bautista, 45, that amount helped her start a flourishing ready-to-wear garments business, which is now making nearly P4 million in annual sales and is poised to crash the export market.Where did she ...

by Jimbo Owen Gulle and Jimbo Owen Gulle  | April 16, 2015 07:00:00
Startup Tips

Let there be (solar) light

Meet Jaime Ayala (not the tycoon). He is determined to power up the sitios and raise the standard of living of millions of Filipinos especially those in rural areas.

Photo: Heidi AquendeThis story was originally published in the August 2014 issue of Entrepreneur magazine. Subscribe to the print or digital version here. ...

by Maricris Carlos  | December 02, 2014 11:00:00
News and Events

DSWD and BanKO team up for financial literacy of livelihood program beneficiaries

The DSWD aims to improve financial literacy of beneficiary families of its socio-economic mobility program Pantawid Pamilyang Pilipino Program. Thus, it has formally teamed up with BPI Globe BanKO to achieve that goal.

by Press Release  | September 02, 2014 08:00:00
Startup Tips

Up from zero balance

Staging a dramatic recovery from a loss of a spouse and shortage of capital, Laguna maker of papier-mache products now has regular exporter clients

Merlyn Francisco and her husband Ronnie make semi-finished papier-mâché products and employ 24 people in their hometown. The boxes of various shapes and sizes are delivered to exporters, who in turn ship them to buyers in Germany and the United States.With P20,000 ...

by Millet M. Enriquez  | December 20, 2012 10:00:00
Startup Tips

Starting a microfinance business

What you need to know before you start

The ideal location for this type of business, says Edgardo Tipa of PEMSI Lending Investor Inc., depends entirely on the owner. If he wants to service stallholders and vendors, for example, the best location is near a public market. If the business ...

July 20, 2011 06:00:00
Business Ideas

How to tap micro-loans for your startup

Do not let lack of funds hinder you. There is a way to start your business on just P5,000

Growing big is a dream held by most people starting a small business. But often, a lack of capital stalls the dream even before it takes off.That shouldn’t be a problem for microentrepreneurs anymore, what with the presence of  210 microfinance institutions ...

October 18, 2010 02:00:00