Home News Globe Business gains new partners in rural banks and MFIs
Globe Business gains new partners in rural banks and MFIs PDF Print E-mail
Thursday, 28 August 2008 07:21

IN A bid to help small and medium enterprises, Globe Telecom recently partnered
with three of the biggest microfinancing institutions (MFIs) in the country for
the launching of the Enhanced Micro Text Facility that will give small and medium
enterprises (SMEs) easy access to loan information needed to help their business

Globe, together with GM Bank from North Luzon, Taytay sa Kauswagan Inc. (TSKI) from
the Visayas and Green Bank of Caraga from Mindanao, launched the Enhanced Micro
Text Facility that will enable SMEs to easily and instantly reach these lending
institutions via text. The three MFIs were the first rural banks to avail themselves
of the enhanced microtext service.

According to Tomas Gomez IV, president of GM Bank and current president of the Rural
Bankers Association of the Philippines (RBAP), the enhanced microtext facility
answers the needs of rural banks, allowing them to greatly extend their service
capability and reach out to their clients.

“This service effectively gives our customers access to relevant bank information
like loans, balances, among others, through their cell phones so that even after
banking hours or weekends, and even in the middle of the night, our existing and
prospective customers can access relevant information about our banks and its product
portfolio at the speed of text,” Gomez said.

This was confirmed by Maridol Ylanan of Globe Business, who acknowledged the service
as a facility convenient and hassle-free for rural banks and its clients. It will
allow financial transactions using mobile phones.

“Aside from providing easy access to bank information, the service is also
cost-effective for SMEs as this allows them to cut down on expenses, like
transportation and fuel costs, with fewer trips to the banks,” Ylanan added.

With this service, Globe clients such as GM Bank, TSKI and Green Bank of Caraga can
now offer a text-based service to its customers. They have the privilege of receiving
a directory/list of the MFI branches and their contact numbers, as well as information
on their loan programs, eligibility, documentary requirements, procedures and payment
facilities. This facility also allows clients to inquire on their loan balances and be
reminded when their next payment is due.

To receive a list of services, entrepreneurs can send the following keywords to 2973:
for GM Bank, type MICROGM HELP; for TSKI, type MICROTSKI HELP; and for Green Bank of
Caraga, type MICROGBI HELP. A text message costs P2.50. This service is for Globe and
TM subscribers only.


 Source: www.businessmirror.com

Last Updated on Wednesday, 14 January 2009 09:32
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