ADB Commits $30 Million Loan to Support MSMEs in the Philippines
Summary
ADB signed a $30 million loan to Fuse Financing to expand credit access for MSMEs in the Philippines through a digital lending platform. The program targets women-owned businesses and underserved borrowers in rural areas, where access to finance remains limited. Fuse will use most of the proceeds to support women-owned MSMEs and first-time borrowers with non-collateralized loans. ADB will also provide technical assistance to help Fuse build tailored financial products and improve financial and digital literacy training.
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