May 10, 2024

Cebuana Lhuillier partners with NGO for digitalized loan disbursement

Cebuana Lhuillier, the leading micro financial service provider in the Philippines, is proud to announce its partnership with Kabalikat para sa Maunlad na Buhay, Inc. (KMBI), a Microfinance Non-Government Organization (MF-NGO) dedicated to empowering low-income individuals.

In photo are : (L-R) KMBI Managers Hazel Christine Bayaca, Madelyn Frijillano Rachelle Basiya, KMBI President, Eduardo C. Jimenez. Cebuana Lhuillier President and CEO, Jean Henri Lhuillier, Senior Executive Vice President, Phillippe Andre Lhuillier, First Vice President and Money Transfer Group Head, Erl Sumanga, and Corporate Partnerships Division Head, Maricor Noche

This collaboration aims to streamline the loan disbursement process for KMBI's program members through digitalization, leveraging Cebuana's advanced platform for faster and more convenient transactions.

As part of this initiative, KMBI will issue Cebuana Microsavings 24k cards to its clients in branches under pilot, which double as ATM cards for receiving loan proceeds. These cards offer the added benefit of free withdrawals at any Cebuana Lhuillier branch, with no minimum maintaining balance required.

"Joining hands with KMBI, we embark on a journey of empowerment and transformation, reaching communities, changing lives, and creating a brighter future for all. Together, we amplify our impact, nurturing dreams, and building resilient pathways to prosperity. Our partnership is a testament to our shared commitment to uplift the underserved, empower the marginalized, and foster inclusive growth. With KMBI as our ally, we stand stronger, united in our mission to make a meaningful difference in the lives of those we serve." Adds Jean Henri Lhuillier, President and CEO Cebuana Lhuillier, in partnership with KMBI.

KMBI, known for its mission of providing financial services to marginalized sectors, particularly self-employed women often excluded from traditional banking services, finds a valuable ally in Cebuana Lhuillier's extensive network and efficient services.

"As we join forces with Cebuana Lhuillier, we ignite a beacon of hope, transforming aspirations into reality and bridging the gap to financial inclusion. Together, we embark on a journey of empowerment, extending our reach, and touching the lives of countless individuals and families across the nation. Our partnership with Cebuana Lhuillier symbolizes a shared vision of compassion, innovation, and progress. Through collaboration and synergy, we solidify our commitment to create opportunities for the underserved, elevate the marginalized, and build a more inclusive society. With Cebuana Lhuillier by our side, we are better able to create lasting impact and inspire holistic transformation in every community we touch.” Says KMBI President, Eduardo C. Jimenez, in partnering with Cebuana Lhuillier.

With over 3,500 branches nationwide, Cebuana Lhuillier ensures KMBI members swift, secure, and hassle-free access to their funds. This strategic partnership not only reinforces Cebuana's commitment to serving millions of Filipinos but also underscores its dedication to fostering financial inclusion.

By joining forces, CebuanaLhuillier and KMBI strengthen their shared vision of extending financial empowerment to all Filipinos, ensuring that no one is left behind in the journey towards financial success.

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