KasamaKA brings affordable ‘tingi’ or sachet loans to unbanked and underserved Filipinos

MANILA, Philippines — Bank branches are unfortunately few and far between in the countryside — a situation that has pushed unbanked Filipino families to borrow from informal or "5-6" lenders who charge exorbitant interest rates for short-term lending.

Nearly half or 47 percent of borrowers have sourced credit mainly from these lenders, according to the 2015 Bangko Sentral ng Pilipinas National Baseline Survey on Financial Inclusion.

With KasamaKA Loans via the award-winning and most extensive Lendr platform, Filipinos can easily access and compare loan products offered by bank and non-bank partners with substantially lower rates, anytime, anywhere, through their mobile phones or computers.

Meanwhile, financial institutions are able to offer 24-7 services, expanding their reach in every barangay and tapping more customers through digital.

For more information, visit www.fintq.com. Engage with KasamaKA on Facebook or www.kasamaka.com, or email [email protected].