A pioneer of the Association of Southeast Asian nation (ASEAN), the Philippines is home to 7,600 islands. Inspite of the inflation shock in 2018, the country ranks 34th in GDP and the economy is expected to make a rebound and remain as one of the world's strongest growing economies with over 6% growth per capita. As digitisation takes its turn in the country, small business owners (particularly the sari-sari stores) find it difficult if not impossible to acquire loans to operate or expand their businesses.
Partnered with banks and other MFIs in the country, Kiu Philippines is helping the underserved market to acquire short term or commercial loans using Kiu Business Management Platform (BMP). SMEs and sari-sari stores can utilise Kiu to automate their business processes, increase transparency, gain trust from banks and other financial institutions for easier access to credit to grow their business to its potential.