Connect with us

Hi, what are you looking for?

HEADLINES

KasamaKA, PLDT-Smart Foundation donate P5 million to Tindig Marawi for digital halal microfinancing pilot

As part of its program to accelerate financial inclusion nationwide, FINTQnologies Corp.’s (FINTQ) KasamaKA, through PLDT-Smart Foundation, has handed over P5 million donation to Robin Padilla’s Tindig Marawi movement.

KasamaKA advocates for financial inclusion in Mindanao covering displaced microentrepreneurs in Marawi City through Tindig Marawi. In photo (from left): Mindanao Peace Advocate and Actor Robin Padilla, BSP Governor Nestor Espenilla, Jr., FINTQ Managing Director and KasamaKA Founder and Lead Convenor Lito Villanueva

As part of its program to accelerate financial inclusion nationwide, FINTQnologies Corp.’s (FINTQ) KasamaKA, through PLDT-Smart Foundation, has handed over P5 million donation to Robin Padilla’s Tindig Marawi movement.

KasamaKA advocates for financial inclusion in Mindanao covering displaced microentrepreneurs in Marawi City through Tindig Marawi. In photo (from left): Mindanao Peace Advocate and Actor Robin Padilla, BSP Governor Nestor Espenilla, Jr., FINTQ Managing Director and KasamaKA Founder and Lead Convenor Lito Villanueva

The amount, which will be managed by Liwanag ng Kapayapaan Foundation in partnership with local cooperatives in Mindanao, will serve as seed capital to pilot the country’s first digital halal microfinancing initially for 500 displaced microentrepreneurs in Marawi City. It covers half of the Php10 million that KasamaKA – FINTQ’s income and community builder program – intends to donate to kickstart the Tindig Marawi Livelihood Fund to rebuild businesses and economic activities in the aftermath of the terror attack in the city.

FINTQ is the financial technology arm of PLDT and Smart’s Voyager Innovations, the digital innovations company focused on developing emerging market platforms.

“We are one with the government in enabling our Muslim brothers to optimize their full potential. This collaboration with KasamaKA and Tindig Marawi is just an initial step to more capacity-building initiatives leveraging on mobile technology,” said Manuel V. Pangilinan, chairman of PLDT, Smart, Voyager Innovations and PLDT Smart Foundation.

The ceremonial handover for the donation was witnessed by Bangko Sentral ng Pilipinas Governor Nestor A. Espenilla, Jr. during a courtesy call made by Tindig Marawi and FINTQ officials. “This initiative is perfectly aligned with the BSP’s National Strategy for Financial Inclusion. We commend the people behind this movement in giving our fellow Muslim Filipinos the chance to again start their microeconomic activities in Marawi City. This will ultimately bring Mindanao to a digitally inclusive financial system,” said Espenilla.

Advertisement. Scroll to continue reading.

Voyager Innovations and FINTQ president and CEO Orlando B. Vea reiterated the call for financial inclusion: “This collaboration is part of our initiatives to push for inclusive digital finance in critical areas. We hope to further reach more individuals as we aim to include 30 million Filipinos in the formal financial system by 2020 through our various platforms and solutions.”

“In KasamaKA, we believe that the story of financial inclusion is not complete without Mindanao. Our vision of being inclusive starts with our Muslim brothers and sisters. What makes this extra special is that it relives the spirit of ‘bayanihan’ and sense of community amongst our Maranaos in Marawi and the rest of our fellow Filipinos in Mindanao,” said Lito Villanueva, FINTQ Managing Director and KasamaKA Founder and Lead Convenor.

Liwanag ng Kapayapaan Foundation is a member of AMIN Foundation, an organization that advocates for financial inclusion for Muslim Filipinos. It aims to provide a culturally-sensitive and faith-based microfinance assistance, on top of rebuilding the livelihood of the survivors of the Marawi siege to bring back economic activity in the city.

KasamaKA is a grassroots-based, self-help, and digital-enabled social intervention and last mile solution to promote financial literacy and inclusive growth.

Advertisement. Scroll to continue reading.
Advertisement
Advertisement
Advertisement

Like Us On Facebook

You May Also Like

HEADLINES

Bishop Daniel Oca Presto of the Diocese of San Fernando of La Union is championing the rollout of the crisis-resilient teaching pedagogy. He first...

APPS

This university-led initiative showcases the exceptional talent and dedication of WVSU students from education, IT, and communication departments, demonstrating how their interdisciplinary collaboration has...

HEADLINES

Co-developed with Kids for Kids PH and the Positive Youth Development Network, the book follows Tala as she enters the metaverse where she learns...

HEADLINES

This achievement reflects PLDT’s commitment to driving innovation, security, and digital transformation as it enhances network API capabilities to help businesses thrive in an...

HEADLINES

Since 2021, PLDT and Smart have been working alongside the Department of Trade and Industry, local government units, business chambers, and e-commerce platforms to...

HEADLINES

A year after PLDT and its wireless arm, Smart Communications, Inc. (Smart) sealed a partnership with Mennonite Economic Development Associates (MEDA), the collaboration continues...

HEADLINES

Now, Power All 99 comes with additional 2GB data for a total of 10 GB of data for all sites and apps, plus a...

HEADLINES

They ensured that both locals and tourists could enjoy and share memorable experiences of the Sinulog, Dinagyang, and Ati-Atihan celebrations through enhanced network capabilities...

Advertisement