Esquire Financing and Philippine Franchise Association: Helping SMEs Grow

Last year, more than 124,000 franchisees offered the products and services of over 1,100 franchisors in the country. This translated to more than a million jobs generated and a total of US$9.45B in output, which is equal to 5% of the country’s total gross domestic product (GDP). These figures make the Philippines the leader in Southeast Asia in terms of franchise concept development. 
The Philippine Franchise Association acknowledges that this growth is fueled by the entry of new players from micro, small and medium enterprises (MSMEs), the continued rise of the business process outsourcing (BPO) industry, and the introduction of indigenous and food concepts.
Esquire Financing Inc. (EFI) recognizes the potential in funding the development of emerging enterprises, especially now when there is positive economic growth in the country. “MSMEs are the pillars of growth of the Philippine economy. They will catapult economic production into greater numbers through job development,” Esquire President/CEO … Continue Reading →

lenddo dashboard

Lending Goes Social with Lenddo Philippines

Are you an employee who needs additional funds for health care, education, home repair and small business costs? You can now tap your online social network to get a loan.  No collateral is needed and the interest rates are low. Everything is done online, quickly.
Lenddo Philippines aims to help the emerging middle class to have access to financial services using social media as its platform. Lenddo will lend you money based on your online connections and behavior. You are given a credit score called the Lenddo score which is affected by your online community.

Joining the Lenddo Community
To join the Lenddo community, register on its website. You link your Lenddo account to your social media accounts, namely, Facebook, Yahoo, Gmail and LinkedIn. You then invite family and friends from these networks to join Lenddo. They form part of your trusted network that will vouch for your creditworthiness. As you build your … Continue Reading →