Voyager builds technology platforms and products for Financial Services, Digital Commerce, Digital Marketing and Consumer Engagement that enable individuals, businesses, organizations and whole cities to reach out and serve more people.
PLDT HOME believes that the strongest connections are at home. By providing a compelling suite of multimedia services and solutions, Filipino families stay connected and can easily access quality entertainment at the comfort of their homes.
PLDT ALPHA is the trusted expert end-to-end ICT partner of the top enterprise market, delivering innovative ICT solutions and a premium grade customer experience.
PLDT SME Nation draws inspiration from the unique Filipino entrepreneurial spirit, formed to boost and empower the small-, and medium-sized businesses that form the essential backbone of the Philippine economy.
ePLDT is the premier Information and Communications Technology (ICT) company in the country, delivering world-class solutions to both large enterprises and the SMEs across various industries.
Enjoy limitless possibilities with international services only from PLDT Global.
We are committed to be the leading offshore Filipino ICT Company.
Smart Communications is the Philippines' leading wireless services provider. Enjoy
the widest range of prepaid, postpaid, and mobile broadband services only from Smart!
Sun offers a wide range of service innovations for mobile telephony from
voice, messaging and international roaming services, to wireless broadband and value-added
TNT is Smart's value brand that provides fast and reliable LTE connections and affordable call, text, and data services.
Home → PLDT News Center → News
As part of its flagship program to help end the cycle of poverty in the country, the PLDT-Smart Foundation partnered with ASA Philippines Foundation recently to help contractual employees of PLDT and Smart gain access to micro-financing.
With the launching of this PSF-ASA micro-finance project, recipients can now start borrowing capital at a very small interest to start their business and thus help them augment their income and take home pay, PLDT and Smart Chairman Manuel V. Pangilinan said.
PLDT-Smart Foundation President Butch Meily said the program is groundbreaking since it makes funds available to janitors, waiters, drivers, guards and other PLDT and Smart contractual, casual and temporary employees who would have otherwise found it hard to apply for loans in regular banks or financial institutions.
“Nowhere else in the world is micro-finance used in this way – for the casual employees of a company – it is usually given to micro-entrepreneurs,” Meily explained.
So far, the PSF has extended a five-million peso contribution to ASA last year to finance its’ operations. This year, the foundation is poised to provide a fresh input of capital to the foundation by way of a loan, added Meily.
“This is a novel use of micro-financing – to help uplift the lower income casual employees of a company,” said Kamrul Tarafder, president of ASA foundation, a non-profit, non-stock organization.
Aside from helping contractual employees gain entry to micro-finance, the PSF, together with partners such as the Philippine Business for Social Progress (PBSP), is also gearing up for other livelihood projects in the countryside such as livelihood seminars and training.
“We’re looking around for projects that can really help break the cycle of poverty and one of the things that we are focusing on is micro-finance. It helps people help themselves and, at the same time, has a multiplier effect,” Meily said, noting that entrepreneurs are able to help their families, customers and suppliers.
ASA Philippines Foundation is a leading micro-finance institution in the country, whose 70,000 beneficiaries posted a repayment rate of 99.7 percent since 2004.
PLDT.com News Center contains company news and featured content from the PLDT Group.
For media inquiries, email us at email@example.com.
Follow us on social media: