Startup promises decision in 24 hours on small business loans

ABS-CBN News

Posted at Nov 14 2017 02:19 PM

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MANILA - Small businessmen can apply for loans with a Philippines-based startup and expect a decision within 24 hours, according to one of its officials.

Businessmen can borrow a minimum of P100,000, which can get bigger in succeeding transactions depending on their repayment behavior, said First Circle COO Vasyl Davydko.

Empowering micro, small and medium enterprises is one of the themes of this year's Association of Southeast Asian Nations Summit, which the Philippines is hosting.