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Yondu, DS Finance Corp. officers gather for partnership signing to transform digital financial assistance for Filipino entrepreneurs.
STAR / File
MANILA, Philippines — Despite making up 99.53 percent of business enterprises in the Philippines, micro-, small and medium-sized enterprises (MSMEs) continue to struggle with securing financial assistance. Many lenders view them as high-risk due to their limited financial records, size and lack of collateral, leaving business owners vulnerable to financial instability.
DS Finance Corp., one of the country’s largest lending companies, aims to address these challenges by providing accessible business loans tailored to MSMEs.
The company has created an easier and streamlined loan application process to allow business owners and entrepreneurs to gain the necessary funds to sustain and develop their businesses.
Toward this end, DS Finance has renewed its partnership with IT solutions provider Yondu for another three years, extending until 2027.
“With Yondu’s expertise, we can further elevate our services and strengthen our capabilities to adapt to the ever-changing financial landscape,” said DS Finance president Ronnie Alemania.
Yondu CEO and president Joan Peñaflorida highlighted the collaboration’s goal of driving innovation in financial services. “By leveraging cutting-edge technology and scalable solutions, we aim to create a more inclusive and sustainable financial ecosystem.”
Through this partnership, DS Finance and Yondu seek to empower more Filipino entrepreneurs, ensuring they have the resources and tools needed to sustain and grow their businesses.
