FundSpace, a loan aggregator under Globe Telecom Inc.’s 917Ventures, has entered into a strategic partnership with BPC Lending Inc. to revolutionize the accessibility of financial services to micro, small and medium-sized enterprises (MSMEs) and individual borrowers across the Philippines.
With BPC Lending Inc., FundSpace can now offer tailored loan options ranging from P5,000 to P200,000, addressing the needs of small sole proprietorships for more substantial business operations.
“This new partnership with BPC Lending Inc. will surely encourage more individuals and business owners to seek financial assistance via FundSpace,” said Martin Luchangco, 917Ventures entrepreneur-in-residence.
“BPC Lending Inc. is proud to partner with FundSpace in providing customers new sources of financial aid and expanding its reach via the introduction of personal loans to the platform. We hope that this newly forged partnership will continue to benefit us, the economy, and the Filipino people,” said Alain Grey Silva, BPC Lending managing director.
Through the partnership, FundSpace has new offerings for its Micro loan, ranging from P5,000 to P30,000 with terms of two to three months, and for its Bes loan, ranging from P30,000 to P200,000 with terms of two to 12 months.
“Over time, FundSpace has grown to become the preferred source of financial assistance for numerous Filipino SME owners. Hence, we express our excitement for the venture now that it has opened to personal loans, thanks to its new partnership with BPC Lending Inc.,” said Alisa Bermudez, venture builder for FundSpace at 917Ventures.
FundSpace’s user-friendly platform simplifies the loan application process, allowing applicants to choose their desired amount and partner and giving them guidance through the requirements swiftly and efficiently, the company said.
This customer-centric approach ensures that loans are not merely financial transactions but stepping stones toward the realization of dreams and ambitions for many Filipinos, it added. – Myla Iglesias
