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Cebu entrepreneurs use GLoan Negosyo to access business capital
Entrepreneurs in Cebu, Philippines, are utilizing GLoan Negosyo, a lending solution from Fuse Financing Inc. via the GCash app, to secure business capital and move away from predatory informal lenders.
At the Wais Tindera Caravan in Cebu, local business owners shared how access to flexible credit has allowed them to manage supplies and expand operations. One nail technician, Dyan, reported that the service provided the financial flexibility to restock supplies without the pressure of daily repayments required by informal lenders. She noted that the low interest rates and ability to save before repayment have helped her sustain her home-service business.