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Tag: GLoan

  • Kasama Mo Mangarap: New GCash Stories Film Celebrates Second Chances with Atty. Sheila Gomez’s Journey to the Bar

    Kasama Mo Mangarap: New GCash Stories Film Celebrates Second Chances with Atty. Sheila Gomez’s Journey to the Bar

    Not every dream unfolds exactly as planned, and the journey toward making it a reality isn’t always a straight path. Sometimes it calls for unwavering perseverance. Other times, it means finding the courage to take a second chance. And often, true progress comes from knowing when to ask for help so you can keep moving forward.

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    It’s this spirit of courage and perseverance that takes center stage in the sixth installment of this year’s #GCashStories, the flagship campaign from the country’s No. 1 Finance Super App and Largest Cashless Ecosystem. Themed “Kasama Mo Mangarap,” this latest chapter reveals the deeply inspiring real-life journey of Atty. Sheila Gomez—a former legal aide whose lifelong dream of becoming an attorney was realized through sheer determination and responsible financial choices, with the timely support of GLoan.“Our GCash Stories campaign showed us that the most powerful script is that of real life,” said Neil Trinidad, Chief Marketing Officer of Mynt. “Progress becomes possible when people are given the right support at the right time. At GCash, we believe our role goes far beyond providing financial tools—we want to empower Filipinos to keep moving forward. Every Filipino deserves to dream and deserves a second chance in pursuing just that. We take immense pride in Sheila’s journey because it is living proof that digital financial inclusion doesn’t just solve a temporary problem; it turns everyday obstacles into real, lasting possibilities – dreams achieved.”

    More Than Just a Story: The #GCashStories Movement

    GCash Stories is a celebration of real Filipinos whose journeys remind us that progress is often built through everyday acts of courage, determination, and hope. Over the last three years, the campaign has evolved into a nationwide movement that transcends storytelling, capturing a rich collection of lived experiences that reflect the aspirations, challenges, and triumphs of underserved communities across the country and their individual stories of progress with the help of GCash.

    By welcoming Atty. Sheila into this portfolio, GCash continues to spark vital conversations about financial inclusion. Her story adds to a powerful legacy of real-life breakthroughs previously featured by the brand:

    • Cocoy, a laid-off bartender who turned into a successful business owner with the help of GLoan.
    • Alma, a well-loved university employee who lost her home to Typhoon Ulysses but rebuilt it through community crowdfunding via GCash Send Money.
    • Turing, a drag queen and breadwinner who sustained her family during the pandemic by digital tipping via GCash QR.
    • Adz, a champion para-athlete who raised funds via GCash Send Money to advocate for the new generation of para-athletes.
    • Rhea Inayan, Ang Bayani ng Barangay from Bacolod City, who empowered a community through her GCash Pera Outlet, bringing essential financial services directly to her neighborhood

    “At the heart of every GCash Story is a real story of financial progress,” said Lourdes Batac, GCash Head for Communication Strategy. “At the end of the day, GCash’s own narrative is not just about the products we’ve made, but how our products have transformed the lives of everyday Filipinos. We owe it to Cocoy, Ate Alma, Turing, Adz, Rhea, and Sheila for allowing GCash to share their story so that more Filipinos today can clearly imagine their own financial progress journey.”

    GCashStories Atty. Shiela
    Meet Atty. Sheila Gomez: From Dreamer to Lawyer

    For Atty. Sheila Gomez, becoming a lawyer was a dream built on years of sacrifice. While working full-time as a legal aide, she tirelessly juggled the demands of her day job with the rigorous, exhausting requirements of law school, balancing long days at work with late nights of studying.

    However, as law school expenses began to pile up alongside everyday living costs, Sheila faced an overwhelming reality familiar to millions of working Filipinos: the heavy weight of financial anxiety. Every enrollment and exam season brought a persistent fear of falling short. Rather than putting her life’s calling on hold, she made the decision to turn to GLoan as her silent, reliable personal partner.

    The loan provided her with the immediate financial flexibility to cover her law school expenses, allowing her to stay completely focused on her goals without compromising her self-worth or hiding in shame. Armed with this support, she successfully passed the Bar. Today, she continues her journey of financial progress as an active user of GCredit and GGives, proudly declaring, “Ako si Sheila, at ito ang aking GCash Story.”

    “One of the biggest lessons I learned is that perseverance doesn’t always mean doing everything on your own. Sometimes, it means having the courage to seek the right support,” Atty. Sheila Gomez shared during a fireside chat. “It’s unfortunate that many Filipinos see loans in a negative light, but when used responsibly and with a clear purpose, borrowing can be a powerful tool and a smart investment that moves you closer to your dreams. I’m grateful that GLoan gave me that opportunity.”

    Fuse and GCash: Championing Fair and Respectful Lending

    Atty. Sheila’s story highlights a critical reality in today’s economic landscape. Amidst inflation and a challenging local economy, many Filipinos still face predatory lenders or rigid, traditional systems that leave them feeling trapped rather than helped.

    Celebrating its 10th year, Fuse Financing Inc., the lending arm of GCash, steps in to actively destigmatize the lending category, championing fair, transparent, and respectful financial practices. Proving that responsible lending should empower the borrower, protect their dignity, and provide a clear path forward, not a cycle of debt. 

    “Since our inception, we have pursued our mission: ‘Fair loans that spark better every day for all Filipinos,’” said Tony Isidro, President and CEO of Fuse Financing Inc. “Everything we do rests on three core commitments: to provide fast, collateral-free loans; to ensure a safe and secure credit experience; and most importantly, to enable Filipinos to borrow with dignity. When paired with discipline and perseverance, responsible borrowing becomes a stepping stone to lasting financial progress.”

    Enabling Every Filipino’s Journey Toward a Better Future

    While Sheila’s triumph takes center stage, hers represents the millions of borrowers who turn to GLoan to continue their education, scale their livelihoods, support their families, and overcome unexpected challenges.

    Through these collective experiences, GCash lives out its ultimate vision of Finance for All. By meeting Filipinos exactly where they are, GCash reinforces the universal truth that every individual has the right to dream and achieve those dreams, no matter their socioeconomic situation.

    For more information on GLoan and to watch Atty. Sheila’s full GCash Story, visit https://youtu.be/CHrVTlAhmRI.

    Inspired by Atty. Sheila and ready to move forward? Access GLoan through the GCash dashboard or find it under “Borrow.” Download the GCash app on the App Store or Google Play now and jumpstart your dreams. Kaya Mo. I-GCash mo.

  • Filipino families poised to overcome rising price levels this back-to-school season

    With the back-to-school season nearing, Philippine youth groups are questioning the impending tuition increase in select state universities, colleges, and private schools nationwide. This fee hike looms even while the country’s inflation rate remains high at 6.1%, as the Philippine Statistics Authority (PSA) reported in June 2023.

    Education Photo from Freepik

    As more and more Filipino families feel the weight of the tuition hike, the Philippines’ #1 e-wallet app, GCash, offers several solutions to make paying for schooling-related fees more affordable and less stressful.

    “We understand that with the upcoming school year’s tuition hike paired in parallel with the country’s high inflation rates, Filipino families are starting to view back-to-school expenses as an added struggle. It is exactly why we continue to maintain our lending solutions to be as accessible as possible,” Zo Canaria, Head of Growth Marketing at FUSE Lending Inc. underscored. “The more solutions we can offer to ease Filipinos of financial burden, the more lives we can help elevate.”

    The Philippines has been accustomed to the stigma that comes with borrowing money. In fact, the Bangko Sentral ng Pilipinas’ 2021 Financial Inclusion Report found that 50% of Filipino adults perceive borrowing from formal institutions to be “difficult” due to income and documentation requirements upon application.

    GCash is working to change this belief by offering readily-available lending solutions for different financial needs, allowing users to view loans as an effective tool in achieving their goals while staying within their means.

    As of the first quarter of 2023, 2.8 million Filipino users have loaned via GCash, 35% of which are business owners who use the loan to grow their businesses. Still, it remains to be a little-known fact that aspiring borrowers may also apply for a loan to fund their or their children’s education.

    Here are some of the ways that GCash’s borrowing solutions, may be used for schooling-related purposes:

    Affording tuition and school-related fees via GLoan

    With the Coordinating Council of Private Educational Associations (COCOPEA) expecting a tuition hike average of 3-4% in some private schools this year, parents and sponsors might opt to secure a loan to continue funding their child’s education.

    With GLoan, eligible borrowers may loan up to Php 125,000, instantly sent to their e-wallet within 24 hours. Canaria emphasized, “Education is essential, and people loan for it all the time — whether through friends and family, banks, or even academic offerings. What makes GLoan superior to all other options is its ease of access and flexibility upon application, while still leveraging on the credibility and the security of the GCash app.”

    Embracing hybrid learning with the right tools via GGives

    To keep up with the times, many schools have also transitioned to a more modern way of learning. In fact, the Department of Education in a recent statement said that they are in search of ways to promote the use of technology in education, suggesting the long-term implementation of digital or hybrid learning arrangements. Through GGives, borrowers may acquire new laptops and tablets in over 110,000 merchants, and pay for it in installments. Canaria shared, “Materials that can effectively support students’ schooling experience have transformed. We understand that this is a costly shift for most Filipinos and funds for gadgets are hard to come by, and this is one of the reasons why GGives specifically allows partial payments of up to 24 months with zero down payments.”

    Paying for supplies and day-to-day essentials via GCredit

    Even as the inflation rate eased as reported by PSA, Filipinos are still experiencing the effects of the Philippine peso weakening at a concerning rate. This has made careful budgeting for school supplies, snacks, allowance, and daily commute fees more difficult.

    GCredit, Powered by CIMB, has a readily available credit line built to support eligible users in times like these, enabling borrowers with a limit of up to Php 50,000 at a pro-rated interest rate. Canaria said, “Because of price hikes everywhere, the feeling of ‘being stuck in a tight spot’ is becoming more and more pronounced nowadays. With classes either back to face-to-face or transitioning to hybrid, GCredit can help users manage daily expenses more confidently. It has a wide range of merchants for every need, from lifestyle and food to transportation and groceries.”

    “We at GCash have always believed that education is a right for all Filipinos, not just a privilege, and these lending solutions are our way of making this right more apparent for our fellow countrymen. As the leading e-wallet app in the market, providing easy access to extra funds and empowering users with resources that bolster their growth is our duty to the 70 million users we serve,” Canaria concluded.

    To be eligible for GLoan, GGives, and GCredit, users must have a fully verified GCash profile and must continue using GCash and its services, such as maintaining a high wallet balance, regularly cashing in and paying your dues early or on time.

    Access GCredit through your GCash dashboard or find it under “Borrow.” No GCash yet? Download the GCash App on the Apple App Store, Google Play Store, or Huawei App Gallery! Kaya mo, i-GCash mo!