A significant investment is poised to empower women entrepreneurs across the Philippine countryside. The International Finance Corp., a branch of the World Bank Group, is considering a $60-million loan to OnePuhunan, a leading financial institution dedicated to microenterprise lending.
This funding isn’t just about capital; it’s about unlocking potential. The loan will specifically target women-owned businesses in rural areas, providing crucial access to financial resources often unavailable through conventional banks.
The project aims to prove that investing in these underserved communities is both viable and beneficial. By extending financial access, it hopes to demonstrate a clear business case for supporting micro-entrepreneurs and fostering economic growth where it’s needed most.
The proposed loan is structured as a three-year agreement, with IFC contributing up to $20 million directly. The remaining $40 million will be sourced through additional lending partnerships, amplifying the impact of the initial investment.
OnePuhunan, established in 2014, has rapidly grown into a vital financial lifeline for many Filipinos. Currently serving over 600,000 customers through a network of 300 branches spanning 16 regions, the company specializes in reaching those traditionally excluded from mainstream banking.
The company’s core mission centers on providing financial services to low-income individuals and small businesses. This commitment to inclusivity makes OnePuhunan a key partner in bridging the financial gap and fostering a more equitable economic landscape in the Philippines.
