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The Asian Development Bank approved a $30 million loan to GCash’s Fuse Financing to expand digital credit for Filipino MSMEs and women entrepreneurs using digital transaction data.
The Asian Development Bank has approved a $30 million loan to Fuse Financing, the lending arm of GCash, to expand digital credit access for MSMEs and women entrepreneurs in the Philippines.
The funding, part of a first-of-its-kind ASEAN partnership, supports GCash’s GScore system to assess creditworthiness using digital transaction data, reducing reliance on collateral.
It aims to reach underserved and rural businesses, particularly in high-poverty areas, while ADB and Mastercard provide technical and catalytic funding.
The initiative targets improved loan access, speed, and inclusivity, addressing a major barrier for MSMEs, which contribute over 40% of GDP and 63% of employment but receive only a small fraction of bank lending.
El Banco Asiático de Desarrollo aprobó un préstamo de 30 millones de dólares a GCash's Fuse Financing para expandir el crédito digital para las micro, pequeñas y medianas empresas filipinas y las mujeres empresarias que utilizan datos de transacciones digitales.