GCash, the mobile money service of Globe Telecom, is changing the crowd funding landscape in the Philippines by partnering with Kiva, a global non-profit organization that uses its online platform to generate donations that are directly matched with lending opportunities. The partnership with Kiva will propel GCash as another donation service that is closer to the hearts of Filipinos and address the needs of those who are currently at the base of the pyramid for sustainable livelihood and income opportunities.
Leveraging on its online facility and a worldwide network of microfinance institutions, Kiva provides loans to people without access to traditional banking systems. The micro-finance institutions, which are called Field Partners, administer the loans in the field, giving people in need a safe and affordable access to fresh capital to further their lives and that of their families.
To-date, Kiva has over 1.2 million users from 80 countries worldwide. These users have funded loans amounting to over US$620 million to 1.4 million beneficiaries.
With GCash as the secure platform to receive donations, Globe through G-Xchange, Inc. (GXI) launched its own lending team, #TeamGlobe now available online. GXI is the first and only company that is based in Southeast Asia to partner with Kiva. #TeamGlobe will be used as the launch pad for Filipinos here and abroad who want to donate and help fellow Filipinos in underserved communities and provide funding capital for micro and social enterprises.
“This is our contribution and our commitment to nation-building. We will continue to help generate opportunities and encourage our customers to join us through meaningful partnerships with organizations like Kiva. By using GCash, we will be able to bridge those who are capable of helping with those who are in dire need of assistance,” says Ernest Cu, Globe President and CEO.
“To kick off the celebration of our 10th anniversary, GCash is creating a new ecosystem that would contribute to the country’s progress by empowering the less privileged with access to livelihood opportunities. Through GCash, Globe customers can extend their financial support to micro-entrepreneurs in the country just by using their mobile phones,” says Paolo Baltao, President of G-Xchange, Inc.
Interested citizens may donate any amount to local beneficiaries in the areas of agriculture, food, retail, and services by accessing *143#, select GCash, choose Donate to KIVA, enter amount, your GCASH PIN and email address. The donor will receive a confirmation message via SMS and an “I’m a Kiva donor” badge.
Registration to GCash and donation to Kiva automatically include members to the #TeamGlobe lending team. For more information on #TeamGlobe campaign, visit www.globe.com.ph/kiva.