Palawan Group of Companies (PGC) teams up with the Agricultural Credit Policy Council (ACPC) to provide accessible and convenient loan services for farmers and fisherfolk, addressing the financial inclusion gap in rural communities.
Palawan Group of Companies executives from L-R: Missy Baldemor, B2B Head; Third Librea, PalawanPay President and CEO; and Lisa Lou Castro-Sabado, Chief Business Development Officer, joined by Agricultural Credit Policy Council executives: Ma. Christina Lopez, OIC Executive Director; and Noel Clarence Ducusin, Director for Program Development and Capacity Building.
Palawan Group of Companies (PGC) has partnered with the Agricultural Credit Policy Council (ACPC) to streamline loan disbursement and repayment services for farmers and fisherfolk.This collaboration highlights Palawan Group’s commitment to supporting the government’s financial inclusion initiatives by providing transactions that are affordable, fast, and hassle-free for its valued customers. Through this collaboration, farmers and fishermen can easily access loans, repay them conveniently, and benefit from a more structured and reliable financial system. This initiative by PGC continues to demonstrate that financial inclusion is not just a corporate responsibility but a necessary foundation for national progress. Farmers and fisherfolk represent the backbone of the Philippine economy, yet they are among the most financially underserved groups. According to the Senate Economic Planning Office, farmers account for the highest percentage of unbanked Filipinos. This lack of access to formal financial services leaves many farmers and fisherfolk reliant on informal lenders or loan sharks, trapping them in cycles of exorbitant interest rates and unmanageable debt. PGC aims to address this critical gap in collaboration with ACPC, by providing structured, accessible, and affordable financial services tailored to the unique needs of farmers and fisherfolk. In a Financial Inclusion Survey conducted by the Bangko Sentral ng Pilipinas (BSP), it was found out that pawnshops and money agents are among the most accessible touchpoints for rural communities. With PGC’s extensive network of pawnshops and remittance centers nationwide, this partnership leverages existing infrastructure to bring financial services closer to unbanked and underserved communities. Palawan Pawnshop-Palawan Express Pera Padala has over 3,500 branches strategically positioned across the Philippines, forming an extensive network that delivers essential financial services to rural communities. This nationwide presence enables farmers and fisherfolk to conveniently access financial services, borrow funds, or repay loans without traveling long distances, minimizing disruptions to their daily activities. Palawan Group also offers flexible and accessible payment solutions through its network of PPS-PEPP outlets and its e-wallet app, PalawanPay. PPS-PEPP branches remain open even on weekends and holidays, allowing farmers and fisherfolk to complete transactions conveniently. Meanwhile, PalawanPay enables users to make payments anytime, anywhere, ensuring seamless financial management. Beyond loan payments, PalawanPay supports various financial transactions such as paying utility bills, educational institutions, buying load, or sending money to other e-wallets or banks. As Palawan Group aptly states, “Pwede sa branch at pwede din sa app,” (available at the branch and also on the app). “This partnership underscores our mission of financial inclusion, ensuring Filipinos—especially those in rural communities—can access essential financial services conveniently and seamlessly,” said Lisa Lou Castro-Sabado, Cash Management Solutions Director of the Palawan Group of Companies. “Through our partnership with Palawan Group, we are streamlining loan disbursement and repayment, enabling farmers and fisherfolks to focus on their livelihoods with greater ease and convenience,” added Noel Clarence Ducusin, Director for Program Development and Capacity Building. Led by Chairman Bobby Castro (3rd from left) and Vice Chairman Angelita Castro (4th from left), the Palawan Group of Companies participated in a contract signing with the Agricultural Credit Policy Council to enhance loan disbursement and repayment services for the agricultural sector, reaffirming its commitment to financial inclusion. This strategic collaboration between Palawan Group and ACPC reaffirms their shared commitment to empowering the agricultural sector. By improving access to financial services, they strengthen the backbone of the nation’s economy and contribute to a more inclusive and efficient financial ecosystem
FINANCIALINCLUSION FARMERS FISHERFOLK LOANS PALAWAN GROUP
Philippines Latest News, Philippines Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Palawan Group Celebrates UP Fighting Maroons' UAAP VictoryThe Palawan Group of Companies hosted a Champions’ Thanksgiving Dinner to honor the UP Fighting Maroons’ victory in the UAAP Season 87 men’s basketball tournament. The Fighting Maroons triumphed over the DLSU Green Archers with a thrilling score of 66-62. The Palawan Group, a long-time supporter of UP, has been a proud partner in the team’s journey, sharing values of resilience, passion, teamwork, and commitment to excellence.
Read more »
Palawan Group honors UP Fighting Maroons' UAAP championship journeyTHE Palawan Group of Companies (Palawan Group) hosted a Champions' Thanksgiving Dinner to honor the UP Fighting Maroons' victory in the UAAP Season 87 men's basketball tournament on Dec. 18, 2024, at UP Diliman.
Read more »
Palawan Groups Teams Up with RIA Money Transfer to Offer Filipinos Faster, More Secure RemittancePalawan Group of Companies partners with RIA Money Transfer to provide Filipinos with a faster, more convenient, and more secure way to send money abroad. The partnership offers competitive fees and reliable delivery of funds to recipients worldwide.
Read more »
These gold bars spotlight Palawan’s endemic birdsAs the price of gold continues to rise, these gold bars could be the perfect gifts for your loved ones—or yourself.
Read more »
Sunlight Hotels & Resorts decks the halls with holiday cheer across PalawanSunlight Hotels & Resorts has unveiled its holiday promotions and activities for the season, spanning its properties in Palawan: Sunlight Ecotourism
Read more »
Trough of tropical depression outside PAR triggers rain in PalawanThe tropical depression outside the Philippine Area of Responsibility is 900 kilometers southwest of southwestern Luzon on Saturday afternoon, December 21
Read more »