Publication Type
Magazine Article
Version
publishedVersion
Publication Date
11-2017
Abstract
In 2009, eight out of ten Filipinos did not have access to a bank. A few informal moneylenders provided about 40 percent of small-scale business lending in the market, at interest rates that could touch around 240 percent per annum. Additionally, the population living in 40 percent of the Philippines’ municipalities did not have easy access to a physical bank branch. It was then that the Ayala Group, the oldest business house and one of the largest conglomerates in the country, identified and explored an opportunity to develop a business model capable of meeting the needs of the unbanked in the Philippines.
Discipline
Asian Studies | Rural Sociology
Publication
Asian Management Insights (Singapore Management University)
Volume
4
Issue
2
First Page
44
Last Page
50
ISSN
2315-4284
Publisher
Singapore Management University, Centre for Management Practice
City or Country
Singapore
Embargo Period
6-4-2018
Citation
Williamson, Peter and Joshi, Havovi.
BanKo: Reshaping the Philippines rural banking system. (2017). Asian Management Insights (Singapore Management University). 4, (2), 44-50.
Available at: https://ink.library.smu.edu.sg/ami/88
Copyright Owner and License
Singapore Management University
Creative Commons License
This work is licensed under a Creative Commons Attribution-NonCommercial-No Derivative Works 4.0 International License.
Additional URL
https://cmp.smu.edu.sg/ami/article/20171128/banko-reshaping-philippines-rural-banking-system