 |
| Fuse Financing Inc. head of B2B Kevin Yu highlights the importance of accessible financing for MSMEs during a series of events, including the DTI National Forum on Strengthening MSME Disaster Resilience 2026. |
Limited access to formal
financing continues to hinder the growth of the micro, small, and medium
enterprises (MSMEs). Although they make up 99.6% of businesses and employ over
65% of the workforce, many still struggle to access credit due to limited
collateral, insufficient financial records, and a lack of credit history,
preventing them from expanding and contributing more fully to inclusive
economic growth.
Kevin Yu, head of B2B at GCash lending arm Fuse
Financing Inc., shared these insights in a series of events for MSMEs,
including the DTI National Forum on Strengthening MSME Disaster Resilience
2026, the Office of the Presidential Adviser for Poverty Alleviation
Convergence Summit on Economic Resilience, GoNegosyo MSME Summit 2026, and
Inquirer ESG Connect.
During these engagements, Yu
underscored the need to close this persistent financing gap through inclusive
and data-driven financing solutions for MSMEs.
The core of this effort lies in
the integration of financial services within the GCash ecosystem. Through GCash
for Business, entrepreneurs can accept digital payments and manage
transactions, allowing them to build a digital financial footprint. This
generates alternative data that helps financing providers better understand
business performance and extend credit more responsibly.
Yu explained that this model
enables access for underserved entrepreneurs, including first-time formal
borrowers. Eligible businesses can access financing through GLoan Negosyo,
available through the GCash app with loans of up to ₱350,000, or through the
GCash for Business Portal, where qualified merchants can access loans of up to
₱2 million. These financing options support inventory purchases, working
capital, and expansion plans.
“Financial resilience is more
than access to loans. Business owners need solutions that help them earn,
manage, protect, and grow their income,” Yu said.
He added that fintech plays a
complementary role alongside traditional financial institutions. Digital
platforms improve access, speed, and convenience, while banks continue to
support businesses that require larger financing as they scale.
To strengthen long-term outcomes,
GCash also emphasizes financial education. Programs such as the Wais Tindera
Caravan bring practical knowledge directly to communities, helping
entrepreneurs make informed decisions, manage cash flow, and build confidence
in using digital financial tools.
Moreover, Fuse Financing underscores responsible lending as a core principle.
Its fully digital collections process follows a zero-tolerance policy against
harassment, ensuring that borrowers are treated fairly throughout their
financial journey.
“No single organization can close
the financing gap alone. By combining accessible financing, practical
knowledge, and strong partnerships, we can help MSMEs build resilient
businesses that create jobs, strengthen communities, and contribute to a more
inclusive Philippine economy,” Yu added.
That commitment to responsible
growth is reflected in how Fuse Financing supports its borrowers. As of the
second quarter of 2026, the company has disbursed ₱451 billion in loans
to 11.5 million borrowers nationwide. One in three borrowers is an NMSME.
For GCash and Fuse Financing,
these numbers point to more than growth. They reflect a widening circle of
Filipino entrepreneurs who now have the financial tools to build stronger, more
resilient businesses.
For more information, please
visit www.gcash.com.
0 Comments