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Instead of relying on predatory lending, Filipinos and MSMEs can borrow with dignity
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In the heart of Barangay Bagong Silangan, the rhythmic sound of a freezer door opening and closing marks the pace of Ivy Joy Tomasar’s day. Two years ago, the 33-year-old mother of three was one of millions of “unbanked” Filipinos – no credit history, no collateral, and little hope of securing a traditional bank loan.
Today, she is a business owner.
