More self-employed microentrepreneurs (SEMEs) can now seek microfinancing help with more branches of BanKo opened across the Philippines.
BPI Direct BanKo, the microfinance arm of the Bank of the Philippine Islands (BPI), is continuously expanding its branch network to reach out to more unserved and underserved communities nationwide, particularly SEMEs.
BanKo’s newest branches that are ready to serve communities within the area and nearby municipalities are in:
- Coron, Palawan
- Bocaue, Bulacan
- Zaraga, Iloilo
- Banate, Iloilo
- Dagupan, Pangasinan
- Mangatarem, Pangasinan
- Manaog, Pangasinan
- Isulan, Sultan Kudarat
- Malungon, Sarangani
In its new locations, BanKo will be able to offer the following:
- easy and affordable loan products such as its BanKo NegosyoKo Loan, a cash loan product that gives SEMEs additional capital to help expand their businesses
- BanKo’s street-smart financial advisers, called BanKoPares and BanKoMares, will provide guidance on how SEMEs can manage their finances and will help them process the requirements for their loans
- SEMEs can apply for loans from as low as Php 25,000, for working capital and minor business expansion, to Php 300,000 for major business expansion
“The opening of BanKo in different municipalities nationwide forms part of our plans in establishing our presence in more areas as we rise above the challenges brought by the pandemic. Now that we are again gaining momentum, we are aggressively opening more branches to fulfill our mission to provide financial services to more individuals and to help more SEMEs advance their businesses,” said Rodolfo K. Mabiasen, Jr., BanKo Senior Vice President and Head of Financial Inclusion and Microfinance Solutions.
Since its launch in 2016, BanKo is now present in 74 provinces with a total of 309 branches across the country.
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