Boost Capital reposted this
We're so excited to announce our new partnership with Mastercard Strive Community to empower over 10,000 small businesses in the #Philippines with enhanced access to credit, digital financial services, and financial literacy training. Following the success of our recent program in #Cambodia, where we de-risked and expanded #smallbusiness credit, today we’re extending our technology to a broader network of partners in the Philippines, making it more accessible to digital financial service providers. This new program not only de-risks their adoption of digital solutions but also encourage exploration of new client onboarding channels. Together with Strive Community a global initiative of the Mastercard Center for Inclusive Growth and Caribou Digital we're unlocking a wealth of digital financial services to fuel #smallbusiness growth. #financialinclusion #financialservices
Mastercard Strive partners with Boost Capital to unlock digital #financialservices for over 10,000 small businesses in the Philippines, with a focus on women-led small businesses. The program builds on our previous experience in Cambodia, where we worked with our innovation fund winner, Boost Capital, on de-risking and expanding #smallbusiness credit through financial education data. In Cambodia, we empowered about 6,000 small businesses with financial literacy. Those we engaged demonstrated better financial health and behavior. They’re now 8% more likely to repay their loans on time. Today, we look forward to leveraging our learnings and insights to support financial service providers in the Philippines. We aim to enhance their financial services and merchant onboarding and extend financial literacy training to their small business customers. Learn more: https://lnkd.in/gQcV2RRF #digitalization #financialinclusion Mastercard Center for Inclusive Growth, Mastercard, Lucinda Revell, Gordon Peters, Nur Hasan, Subhashini (Shuba) Chandran, Simon Javier Calasanz, Natasha Jamal