Financial Inclusion: Cebuana Micro Savings #KAYANA!
Cebuana Lhuillier is one of the nation’s driving micro financial administrations organization and recently the Cebuana Lhuillier Micro Savings which will furnish Filipinos with an increasingly advantageous and reasonable intends to spare their well-deserved cash.
This will empower each Filipino to get through these boundaries to sparing in banks. The best way for money related proficiency for among Filipinos is inadequate with regards to access to banks over the city and regions of few provinces here in the Philippines.
According to Senator Chiz Escudero many Filipino households do not have bank savings due to lack of accessibility to rural banks. It is one of the many reasons why Filipinos are not financially literate and do not know where to safely save their money, especially for our farmers.
Based on his research that there is a higher investment from agriculture compare to other businesses here in the country. And these hard-working farmers need easy access for banks or other financial institution to keep safe their investments/money.
Hindrance of Filipinos Opening a Bank Account
The main reason why Filipino is having a hard time finding a bank with a low initial deposit because all Philippine banks are requiring a high initial deposit and high maintaining balance. Another reason is for the requirement, banks required 2 Valid ID and distance of bank from home (for rural areas). Hence with Cebuana, this will never be an issue.
Step by step instructions to Apply for a Cebuana Lhuillier Savings account:
Just 1 Valid ID
50 Pesos initial deposit
ID acknowledged are:
ACR Alien Certification of Registration
Birth Certificate for minors
Barangay Certificate with picture and signatory
IBP Integrated Bar of the Philippines
NEW TIN ID
PRC Professional Regulatory Commission
Where to deposit and withdraw cash:
From 2500 retail frameworks of Cebuana Lhuillier
Least and Maximum amount of withdrawal
3 successful withdrawal
Does it earn interest?
Yes, for 500 pesos for every annum ADB
Cebuana Lhuillier Savings Account:
Bank account where you can set aside to 50,000 Pesos
EMV Enabled card
Can be utilized for web-based shopping/exchange
Open every day, Monday to Sunday
(time shifts on various branches)
Soon, they will launch their mobile app so all depositors can easily check their money thru their mobile app. There is no way a Filipino household will never have means of keeping safe their hard earned money – Cebuana Lhuillier Micro Savings.
For more info, visit their Facebook page: www.facebook.com/CebuanaLhuillierPawnshop
Email at: firstname.lastname@example.org
SMS: +63917-8122737 / +63918-8122737