The Asian Development Bank has provided a PHP 1.75 billion ($30 million) loan facility to Fuse Financing Inc., aimed at enhancing financial access for micro, small, and medium-sized enterprises and women entrepreneurs in the Philippines.
Information on the target
Fuse Financing Inc., the lending arm of GCash, has been granted a PHP 1.75 billion ($30 million) loan facility by the Asian Development Bank (ADB). This initiative aims to enhance financial access for micro, small, and medium-sized enterprises (MSMEs) and women entrepreneurs across the Philippines. As the leading finance superapp in the country, GCash plays a pivotal role in facilitating digital financial services, making it a crucial player in the economic landscape.
This partnership marks a significant milestone in the Philippines' financial ecosystem, as it seeks to address the persistent challenges faced by MSMEs, which are vital to the country's economic growth. The collaboration is designed to empower underserved sectors, enabling them to access the necessary capital to thrive and innovate.
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Industry overview in the target’s specific country
The Philippine economy is heavily reliant on micro, small, and medium-sized enterprises (MSMEs), which contribute approximately 40% to the gross domestic product and account for 63% of total employment. As of 2024, there are 1.24 million registered bu
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Disclosed details
Transaction Size: $30M