GCash, Fuse Lending now offers Sakto Loan
GCash, together with Fuse Lending Inc., recently introduced GCash Sakto Loans, a nano loan offer that enables GCash users to easily borrow small amounts as ‘pambale,’ as it seeks to provide more Filipinos with access to fair, easy and inclusive loan options without the need for bureaucratic paperwork.
This is definitely good news for folks who needs a little "breather" from financial obligations and with just the right amount, something that the borrower knows he or she can comfortably pay back in time.
A GCash study found that nine out of 10 Filipinos have to borrow money to make ends meet. But with the rigorous loan application process set by formal institutions and banks, more than half resort to borrowing from informal lenders with high interest rates and sometimes abusive colle...