To borrow or not to borrow? Debunking entrepreneurial myths to grow a business

The sustainable growth of the micro, small, and medium enterprise (MSME) sector in the country rests on the availability and accessibility of funds—be it on hand or through loans—that could help them cater to more clients by increasing inventory levels or expanding business operations.Specific to micro-enterprises, some banks, in recent years, have been building up…

RestartME and BPI: Digital financial solutions can speed up MSME recovery

The growing digital connectivity among Filipinos is leading small businesses to adapt to the next normal, according to a study by local NGO Restart Microenterprise Inc. (RestartME), together with the Bank of the Philippine Islands (BPI) Foundation, BPI Direct BanKo, and social impact expert group FSG, Inc.The Collective Action Secretariat to Enhance Resilience among MFIs…

BPI BanKo loan disbursements reach P18 billion for more than 140,000 micro-entrepreneurs

BPI Direct BanKo (BanKo), the microfinance arm of Bank of the Philippines Islands (BPI), disbursed P18 billion in loan releases to more than 140,000 since 2016. This is as BPI continues to actively support the thriving self-employed microenterprise (SEME) segment in the country. Its total disbursed loans for the full year of 2020 amounted to…

BanKo March Blowout

–BanKo March Blowout Mechanics:Para sumali, mag-selfie hawak ang cellphone na may BanKo mobile app na kita ang log in page nito.I-comment ang inyong picture sa comment section with hashtag #BanKoMarchBlowoutAng submission ng entry ay mula February 27 hanggang March 03, 2021, 12nn3 winners ang mananalo ng P300 na pang load.Ang mga maswerteng mananalo ay i-a-announce…

Acquirer-Based Fee Charging (ABFC)

Simula April 7, 2021, hindi na maniningil ang BanKo ng ATM withdrawal at balance inquiry fees sa mga BanKo debit cardholders sa tuwing sila ay gumagamit ng Bancnet Automated Teller Machine (ATMs) .  Sa halip, ang withdrawal at balance inquiry fees ay sisingilin ng bangkong nagmamay-ari ng ATM.  Maaaring magkakaiba ang halaga ng fees depende…

PondoKo Pricing and Transaction Fees

ANNOUNCEMENT:We have updated our PondoKo Savings pricing and transaction fees, including our Products, Services, Facilities and Channels Terms and Conditions particularly Sections 8 and 9.  This will take effect on April 1, 2021.  Please go to the following pages for details:http://www.banko.com.ph/savings/pondoko-savings-account/http://www.banko.com.ph/terms-conditions-deposit-accounts/

BPI Direct BanKo Partners with Rare Philippines to Empower Fisher Community

BPI Direct BanKo, Inc., the microfinance arm of Bank of the Philippine Islands (BPI), recently forged a partnership with Rare Philippines to provide banking services and financial access to all member fishers and their beneficiaries.Rare Philippines is a non-profit organization that empowers near-shore fishing communities to sustainably manage their fisheries while increasing food security, improving…

“Bayanihan to Recover as One Act” (BARO Act)

BANKO ADVISORYAlinsunod sa Section 4 (uu) ng Republic Act 11494 o “Bayanihan to Recover as One Act” (BARO Act), ang BPI Direct BanKo ay magpapatupad ng 60-day grace period mula September 15 hanggang December 31, 2020, para sa mga eligible NegosyoKo Loan borrowers:ang account ay outstanding as of September 15, 2020. Ang mga accounts na…

BPI BanKo Shares Tips to Help Micro-entrepreneurs Survive During COVID-19

Amid the confusion and many challenges caused by COVID-19, BPI Direct BanKo, the microfinance arm of the Bank of the Philippine Islands (BPI), continues to give guidance to its micro-entrepreneur clients in  facing the new normal.“Our clients need our support and guidance especially during these trying times. We understand their situation, and as their partner,…