ArrowArtboardCreated with Sketch.Title ChevronTitle ChevronIcon FacebookIcon LinkedinIcon Mail ContactPath LayerIcon MailPositive ArrowIcon PrintIcon Twitter
Startups

Fintech startups throw financial lifeline to Philippines' unbanked

Technology opens new doors in country where 80% can't access banks

A rice grower tends a field in the shadow of Mount Mayon in the Philippines. Peer-to-peer lending platform Cropital is trying to connect farmers in need of financing to potential lenders.   © Reuters

MANILA -- As the Southeast Asian digital economy expands beyond online shopping, a host of startups are using financial technology to give the unbanked Filipino majority access to loans from individual and institutional lenders.

The province of Nueva Ecija, to the north of Manila, is known as the granary of the Philippines. Peer-to-peer lending platform Cropital is working hard to connect farmers there in need of financing to potential lenders.

Sponsored Content

About Sponsored Content This content was commissioned by Nikkei's Global Business Bureau.

Discover the all new Nikkei Asia app

  • Take your reading anywhere with offline reading functions
  • Never miss a story with breaking news alerts
  • Customize your reading experience

Nikkei Asian Review, now known as Nikkei Asia, will be the voice of the Asian Century.

Celebrate our next chapter
Free access for everyone - Sep. 30

Find out more