2M micro savings accounts bring Filipinos closer to financial inclusion
To help the Bangko Sentral ng Pilipinas encourage the unbanked population to save, Cebuana Lhuillier launched its #Kaya Na: Unbanked Filipinos No More campaign, and in just seven months, generated over two million micro savings accounts.
Guided by its mission to convert Filipinos into instant “Iponaryos,” the country’s leading microfinancial services provider conducts financial wellness program in its branches and other venues nationwide, utilizing its 8,000-strong workforce.
To date, Cebuana Lhuillier has cascaded the value of savings to various communities, enabling more than 30,000 attendees from far-flung barangays, schools, nongovernmental organizations, local government units and cooperatives to start their journey toward financial independence.
“What started out as a dream has already turned into reality in a short period of time. There are over two million previously unbanked Filipinos nationwide who can now access and save through their micro savings accounts,” said Jean Henri Lhuillier, Cebuana Lhuillier president and CEO.
OYO etches PH milestone
OYO Hotels and Homes, South Asia’s largest and the world’s third-largest and fastest-growing chain of leased and franchised hotels, homes and living spaces, announced that within six months, it has reached a milestone of 100+ hotels in the Philippines.
The hospitality chain has already expanded its footprint to 15 cities across the country while adding 3,000 exclusive keys to its chain of hotels. The company has been consistently growing its footprint in the country while proving its strong commitment toward adding value to the country’s hospitality industry.