Looking to Grow Your Business? Here’s How

Owning a business is a bit tough, not to mention would require a lot of hard work (especially if you plan in making a big enterprise from scratch). However, this doesn’t necessarily mean that you are not entitled to a few choices outside of the ordinary means of growing your business. With this in mind, here are a few examples of methods in growing a business, all of which may be able to help you, depending on your financial situation and need:

1. Open a new branch.

As with all fast food restaurants and malls, one major way of expanding your business is by opening another branch. This wouldn’t mean that you should just throw your money in one major construction, as proper timing is the key in being able to do this. Remember, you should use your money wisely, in the same way that you must, at all cost, analyze the location of the new branch, as a community with little to no population at all would render your new branch not profitable. Keep this in mind when considering to add another branch to your own business.

2. Offer your business as a franchise.

Instead of simply adding another branch, why not offer your business as a franchise? The amount of money that the franchisee would be making would ensure that you have a percentage, regardless of the profit for any particular month. It’s like hiring others to do the work for you, while at the same time, you earn from their hard work. Think of this as a way to hit two birds with one stone: (1) expand your business and make more people know about your products and services, and (2) earn additional amount on top of your main branch. Spread the word and watch as many would buy a franchise of your business, giving you more earnings in the process.

3. Alternative options.

In situations where you may need more funds to expand, business loans and equipment financing can be viable options. In this case, the business owner borrows money from a lending establishment, and then the owner has to payback with his profits afterwards. Think of it as a way to compensate for the current needs, and then being able to compensate as well for the amount that needs to be paid back after a certain amount of time.

Get an upgrade on your business venture with a trusted name that offers only the best service possible. Cebuana Lhuillier’s Lucky Loans should definitely be your top choice. It is a multi-purpose loan offered to registered entities such as tricycle operators, credit cooperatives, and other groups, as well as SMEs such as restaurant and mini groceries, among other businesses. Our network of more than 2,000 Cebuana Lhuillier outlets and online presence give customers unlimited access and utter convenience in applying for a loan. Our five-point application to disbursement process ensures services are delivered on time.

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How to Receive Maximum Cash for Your Pawn Items

You’d like to sell one or two items from your home in order to earn a few extra cash. In such case, you would like to make sure that for every item you sell, you would get the highest return.

There are various ways to ensure that you get the optimum amount for the items that you will be pawning. Here are a few pointers to consider to get the best rates in pawnshops:

1. Do your own research.

Know the value of what you’re selling. Consider the condition of the item as well. You see, it’s not just about wear and tear; it’s also about the age of the item in question. Older cellphone models would of course give you a lower return. If that doesn’t seem satisfactory, you may always add another item to pawn off to add to your return amount. Take note that pawnshops are very meticulous when it comes to conditions of the item, so be sure not to surrender any damaged goods in particular. It would help a lot if you would put the item in its original box or packaging.

2. Ensure that the item being pawned is presented in its clean and proper condition.

We mentioned that pawnshops are strict when it comes to item conditions. Now imagine if it was a dusty jewelry. Of course, you’d get a high amount for that, however, the condition would most likely be a reason for price deduction, as the pawning representatives would have to factor in the effort in cleaning the item themselves. Save them the trouble, clean your item before pawning them off, and get a high amount in return. Believe us. The pawning agents will thank you for making their work easier. Take note that mint conditioned items (regardless if they’re jewelry or gadgets) will always be put to the test, so do not even think of surrendering a subtly damaged item. They will find out.

3. Visit a reputable pawnshop.

Reputation is everything, which is why you should only transact with a pawnshop that already has a reputable stance and familiarity with its customers. While other pawnshops may try to convince you of great cash returns, there are cases of hidden charges per transaction, a fee that no one wants to pay for. Pawn your items only with the most trusted name. Save yourself from hassle, especially since you’re only looking out for ways to earn a little bit of cash.

With all of these, you may be looking for a pawn shop that would provide you with the most honest return possible. No worries, as Cebuana Lhuillier has got your back. With their Pawning Service you can never go short in any amount, as they accept a wide array of items, from jewelry to gadgets, as collaterals. They also lead the pawning industry by offering safety and the highest appraisal rate in the industry in its more than 2,000 branches nationwide.

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How Micro-Insurance Can Benefit You

Every single moment, people and their properties are exposed to various natural and man-made risks. To better prepare for the loss or effects of losses from these risks, people and companies usually get insurance.

Since most insurance policies are quite costly, micro-insurance was developed to cater to the needs of people that need guaranteed protection at affordable rates.  Micro-insurance covers many health-related risks including accidental death, injury, or illness.  Damage or loss of property may also be covered by micro-insurance.

Cebuana Lhuillier, one of largest lending and money remittance companies in the country, offers several micro-insurance packages to people who need them the most.

These are just some of the people who will surely benefit from micro-insurance:

1. Barangay Officials

By the very nature of their official duties, barangay officials face various risks and threats. As the implementer of laws at the village level, they face risks while performing one of their duties – maintaining peace and order. Developed as a group insurance product, barangay officials can benefit from medical reimbursements and daily hospital income. The micro-insurance product is available to persons aged 18 to 65 who are serving in the barangay. Dubbed as TanodCare, all it takes to have the security of this micro-insurance is P165/year.

2. Jeepney and Taxi Drivers

Without a doubt, jeepney and taxi drivers are involved in a risk-prone occupation. Aside from the risk of vehicular accidents, they also have to contend with threats from criminals who pretend as passengers and rob them. These drivers are also exposed to hazardous fumes and other dangers posed by pollution. More popularly known as TodaCare, this micro-insurance product is only P165 per year and provides the jeepney and taxi drivers with many benefits including a P50,000 accidental death benefit, a P3,000 medical reimbursement, and a number of other payouts that would significantly help the accident victims and their families.

3. Tricycle Drivers

Just like jeepney drivers, tricycle drivers also face danger on a daily basis. With their smaller vehicle, they are more prone to injury and other ill effects of road accidents. The good news is, they are also qualified to sign up and receive all the benefits that come with TodaCare.

4. Security Guards

SecurityCare is another micro-insurance product offered Cebuana Lhuillier that was designed especially for those in the security guard profession. Given the higher risks of the job, the main cash benefit is as high as P75,000 for only an annual premium of P144 a year.

5. Private Car & Motorcycle Owners

Cebuana Lhuillier’s AutoCare insurance product is a good option for private car owners while those who own motorcycles may consider getting MotorCare.  AutoCare is a standard 4-wheeled vehicle insurance while MotorCare is insurance for two-wheeled vehicles, both of which include a Voluntary Third Party Liability package.

6. People with Medical Needs

PharmaCare or InsureMed is a personal accident insurance product that was developed to meet the needs of people who consume pharmacological products. Those who take medicines on a regular basis are also exposed to a number of risks, making this form of micro-insurance one of the most essential products of its kind. The amazing microinsurance product only has a P7.50 annual premium yet the benefits simply make it an industry benchmark.

7. MSMEs

Putting up a business always involves a calculated risk.  Good thing is, entrepreneurs and companies classified as micro, small, or medium enterprises (MSMEs) can now avail of NegosyoCare which includes property insurance, accident medical insurance, payroll coverage, and other outstanding insurance features.

8. Property Owners

HomeCare insurance, which provides residential fire insurance coverage, is also a very affordable product that can provide a homeowner peace of mind for only P639.75 a year.

9. Students

Not to be left behind are students who can take part in a group insurance plan called StudentCare for only P22 per person.

10. Employees

Of course, employees can avail of the benefits under Employee Care which is a group personal accident insurance plan that includes benefit payments as high as P50,000 including a daily hospital income, burial benefits, to name a few.

Indeed, even with small premiums, people from all walks of life can get significant benefits from micro-insurance.

Image source: https://c1.staticflickr.com/9/8773/17291377302_b3db2710e3_b.jpg

Do You Feel like Your Income is too Low to Save Money? Here’s a Possible Solution

Everyone works hard for their salary. You would do your best to be able to pay all of your bills on time, provide for your family and overall, make ends meet given with what you have. However, you still find yourself in a situation where you are unable to save for the rainy days. Worry no more for there is a major alternative to making the most out of your monthly salary. Yes, there are other means when you find yourself in a situation where you need a little bit of help financially. For this article, we’ll discuss one – microinsurance.

What is microinsurance?

Microinsurance is the protection of low-income people against specific perils, in exchange for a regular premium payment proportionate to the likelihood and the cost of the risks involved. Think of it as your financial airbag, ready to take the impact for you should there be an emergency.

Where do I find microinsurance? Where would I apply for one?

Microinsurance is everywhere. Each country has numerous establishments and organizations which offer this type of service. All you have to do is research which financing institutions near you offer microinsurance.

I’ve seen many variations of the word, how should it be written?

Microinsurance may have been practiced for a long time. However, the variations of how it’s typed is fairly new (yet accepted by society). Microinsurance, Micro-Insurance and Micro Insurance are considered correct, all referring to the same concept or type of insurance, so no need to worry if ever you’re looking for literature about this topic for your financial research.

Why should I choose microinsurance over the other money-saving methods?

Before we may answer this question, let us first look at the other ways of saving a certain percentage from our hard-earned money. According to a recent financial report, the following are the usual money-saving procedures:

  • Diversifying activities, assets, and sources of income, including through migration of one or more family members;
  • Informal self-help, investing in different socio-economic and/or identity-based networks;
  • Saving, which allows for self-welfare to cope with future expenses, predicted or not;
  • Emergency credit from formal and informal lenders;
  • Selling assets or reducing consumption to cover the cost of a shock.

These may have been working or have worked in the past. However, they can also have consequences for low-income individuals and families. Diversifying income-earning activities may help lessen financial risk, but may also reduce income-earning ability. When an emergency occurs, depleting savings, selling assets, or reducing expenditures on important goods such as food, healthcare, or education, can hamper your family’s way out of poverty. Resorting to expensive, formal loans can cover immediate costs but leave the family with long-term and heavy obligations that are difficult to pay back. Family and friends can often help but are a limited resource, particularly in low-income communities.

With all of these being said, how can microinsurance help me in the long run?

When faced with an emergency, insurance may cover costs that those existing strategies cannot and help clients avoid strategies or methods which may complicate your current situation, rather than resolve it. Even before the need arises, the security provided by an insurance product may help avoid some costly or otherwise non-preferred risk reducing strategies, such as growing subsistence crops or sending a family member to work abroad. Go for a well-trusted procedure which never fails, and that’s microinsurance.

With all of those being said, be prepared for any financial emergency. Here at Cebuana Lhuillier, we offer a wide array of Microinsurance options, with affordable and simple terms to help every Filipino avail of financial services and privileges that higher-income earners have easy access to and promise to minimize impact of distress and misfortune on one’s financial position. So what are you waiting for? Visit your nearest Cebuana Lhuillier branch now – we assure a fast, easy and secure transaction.

Image source: https://unsplash.com/search/photos/budget?photo=unRkg2jH1j0

Reasons Why You Should Have A Comprehensive Car Insurance

Everyone loves the convenience of having their own ride. Regardless of brand and model, a vehicle would let you travel wherever you need to go and at your own pace. The possibilities are endless, which is why it’s always appropriate to take care of your car, no matter what. Out of all the risky things that may happen to your car, the sudden occurrence of natural disasters may be the scariest of them all. It is uncontrollable, unavoidable, and definitely very destructive. Being prepared is definitely the key. This is the perfect opportunity then to obtain comprehensive car insurance. You may wonder, is it worth it? The answer: Yes, it definitely is.

Here are a few things that you must know in order to get oriented about Comprehensive Car Insurance and its importance:

What is a Comprehensive Car Insurance? 

A Comprehensive Car Insurance is a coverage that helps pay to replace or repair your vehicle should there be anything that may happen such as if it gets stolen or damaged in an incident that does not involve impact or collision (much like a car crash). Comprehensive typically covers damage from fire, vandalism or falling objects (such as a tree branch or hail storm). As we had mentioned the part where it says “falling objects,” you may realize by now that storms are the main culprits when it comes to this type of unfortunate happening.

What are its importance/benefits?

  1. A car insurance that only implements a minimum coverage wouldn’t be able to insure your vehicle, since it would simply cover body injuries from collisions (as with the case of collision coverage).
  2. A Comprehensive Car Insurance covers any type of natural disaster, regardless if your vehicle received damage from a falling object (hurricane) to being flooded by rain water (monsoon), then you would have nothing to worry about.
  3. Unlike the usual car accident which would involves collision between two cars or a car and an object, natural disasters cannot be controlled by any means possible. The weather reports can only do so much. A tree branch falling on your vehicle is an uncontrollable circumstance, even if you had practiced all the precautionary measures beforehand (how were you supposed to know the direction which the tree would land on, right?) Simply put, it can happen anytime and definitely catch you off-guard.
  4. The collision coverage cannot be added to your auto policy without comprehensive coverage listed. But, comprehensive can be added to your auto policy without collision.
  5. The Comprehensive Car Insurance is a nice in between coverage for anyone who wants some protection but does not want to pay for full coverage.

With these information in mind, now’s the time to decide which insurance coverage works best for you and your car. At Cebuana Lhuillier, we offer AutoCARE Insurance. This is a Standard Comprehensive Car Insurance that covers Own Damage (OD), Theft, Loss and/or Damage. Excess Bodily Injury (EBI), Excess Property Damage (EPD), and Acts of God/Nature (AOG/AON). What are you waiting for? Visit your nearest Cebuana Lhuillier branch now – we assure of a fast, easy, and secure transaction.

Image source: https://unsplash.com/search/photos/car?photo=ZhEnFcHO0es

Cebuana Lhuillier to send Pinoy families on all-expense international vacations

Four families are in for an all expense-paid reunion as Cebuana Lhuillier, the country’s largest microfinancial company, launches a grander and bigger promo this year called ‘Re-meet the Family’.

 

Open to international remittance beneficiaries who will claim their Pera Padala from selected international remittance partners abroad at any of Cebuana Lhuillier’s more than 2,200 branches nationwide, the promo is set to reward four lucky beneficiaries and their three additional family members a chance to fly abroad and visit their loved ones working outside the Philippines.

 

Each winner will also receive Php 50,000 tax-free pocket money on top of the 4 days and 3 nights travel vacation package inclusive of itinerary, food, lodging, travel insurance and vehicle and airport transfers for five persons.

 

A grand raffle draw will be held on November 6 at the PJ Lhuillier, Inc. office in Makati City to determine one winner each for Asia Pacific, Europe and Middle East, US and Canada, and Global and Local Bank corridors.

 

To increase chances of winning, participants are encouraged to do more payout transactions in Cebuana Lhuillier as one valid payout transaction amounts to one e-raffle entry. The promo started August 31 and will end on October 31.

CORPORATE AGENT PARTNERS

  • ACTION.ABLE, INC.
  • ALL ACCESS GATEWAY INC.
  • ANTRECCO (AGUSAN DEL NORTE TEACHERS, RETIREES, EMPLOYEES & COMMUNITY COOPERATIVE)
  • ACM VIP
  • ALL CASH
  • AGRILIFE/ AGRIVET
  • ASENSO PINOY STORE, INC. (EASY DAY SHOP)
  • AVICOM ENTERPRISES
  • AYALA ALABANG VILLAGE ASSOCIATION
  • BAUG CARP MULTI PURPOSE COOPERATIVE
  • BAGUIO BENGUET COOP
  • CARD BANK INC
  • CARD MRI RIZAL BANK INC
  • CARD SME BANK
  • CARITAS BANCO NG MASA, INC.
  • CEBU PEOPLE’S MULTIPURPOSE COOPERATIVE
  • CIS BAYAD CENTER, INC
  • COOPERATIVE BANK OF BOHOL, INC
  • COUNTRY BUILDERS BANK
  • CREDENCE FINANCING, INC.
  • CURAMED PHARMACY
  • DALTON PAWNSHOP AND JEWELRY INC.
  • DANIELA PAWNSHOP
  • DIRECT AGENT 5 (DA 5)
  • DEVELOPMENT BANK OF THE PHILS.
  • EXPRESSPAY INC.
  • EVRIJEM FOREIGN EXCHANGE AND MONEY REMITTANCE
  • FILHAI MULTI PURPOSE COOPERATIVE
  • GLOBAL PINOY REMITTANCE AND SERVICES (GPRS)
  • GEMARY PAWNSHOP AND JEWELRY (CORP.)

OVER 600 BILLER PARTNERS NATIONWIDE

  • 123 FINANCE CORPORATION
  • 123 LENDING CORPORATION
  • 2C2P
  • 8AMC (VIA ECPAY)
  • ABEJO WATERS CORP.
  • ABRA
  • ACOM CONSUMER FINANCE CORPORATION
  • ACTIVE REALTY & DEVELOPMENT CORP.
  • ADA MANUFACTURING CORPORATION (VIA ECPAY)
  • AEON CREDIT SERVICE
  • AETERNITAS CHAPELS AND COLUMBARIUM (VIA ECPAY)
  • AFC SME FINANCE INC
  • AFTERWEST MICROLOANS INC
  • AGODA – DRAGONPAY
  • AGRIBANK
  • AGRO-INDUSTRIAL FOUNDATION COLLEGE OF THE PHILS.
  • AGUSAN DEL NORTE ELECTRIC COOPERATIVE, INC.
  • AIR YOU GO TRAVELS PHILIPPINES CO.
  • AKLAN ELECTRIC COOPERATIVE, INC.
  • ALAMINOS CITY WATER DISTRICT (VIA ECPAY)
  • ALLIANZ PNB LIFE INSURANCE INC.
  • ALPHA FUND SAVINGS & CREDIT COOPERATIVE (VIA ECPAY)
  • AMADEO WATER DISTRICT (VIA ECPAY)
  • AMYA POLYTECHNIC COLLEGE, INC. AND FINANCING CORPORATION (LENDPINOY)
  • ANGAT WATER DISTRICT (VIA ECPAY)
  • ANGELES ELECTRIC COMPANY ANGELICUM SCHOOL , INC. ILOILO CITY (VIA ECPAY)
  • ANJELMAN REAL ESTATE LEASING
  • ANTIQUE ELECTRIC COOP, INC ANTRECCO (BILLS PAYMENT)

OVER 600 BILLER PARTNERS NATIONWIDE

  • 123 FINANCE CORPORATION
  • 123 LENDING CORPORATION
  • 2C2P
  • 8AMC (VIA ECPAY)
  • ABEJO WATERS CORP.
  • ABRA
  • ACOM CONSUMER FINANCE CORPORATION
  • ACTIVE REALTY & DEVELOPMENT CORP.
  • ADA MANUFACTURING CORPORATION (VIA ECPAY)
  • CREDIT SERVICE
  • AETERNITAS CHAPELS AND COLUMBARIUM (via ECPAY)
  • AFC SME FINANCE INC
  • AFTERWEST MICROLOANS INC
  • AGODA – DRAGONPAY
  • AGRIBANK
  • AGRO-INDUSTRIAL FOUNDATION COLLEGE OF THE PHILS.
  • AGUSAN DEL NORTE ELECTRIC COOPERATIVE, INC.
  • AIR YOU GO TRAVELS PHILIPPINES CO.
  • AKLAN ELECTRIC COOPERATIVE, INC.
  • ALAMINOS CITY WATER DISTRICT (via ECPAY)
  • CREDENCE FINANCING, INC.
  • CURAMED PHARMACY
  • DALTON PAWNSHOP AND JEWELRY INC.
  • DANIELA PAWNSHOP
  • DIRECT AGENT 5 (DA 5)
  • DEVELOPMENT BANK OF THE PHILS.
  • EXPRESSPAY INC.
  • EVRIJEM FOREIGN EXCHANGE AND MONEY REMITTANCE
  • FILHAI MULTI PURPOSE COOPERATIVE
  • GLOBAL PINOY REMITTANCE AND SERVICES (GPRS)
  • GEMARY PAWNSHOP AND JEWELRY (CORP.)

List of Accepted Government/ Valid IDs

  • Passport
  • Driver’s License
  • Professional Regulation Commission (PRC) ID
  • National Bureau of Investigation (NBI) Clearance
  • Police Clearance
  • Postal ID
  • Voter’s ID
  • Philippine Identification System (PhilSys) ID
  • Government Service Insurance System (GSIS) e-Card
  • Social Security System (SSS) ID
  • Senior Citizen’s ID
  • Overseas Workers Welfare Administration (OWWA) ID
  • OFW ID
  • Seaman’s Book
  • Alien Certification of Registration (ACR)
  • Barangay Certificate or ID (with picture and signature)
  • Birth Certificate (applicable to minors only)
  • Firearm License
  • Immigrant Certificate of Registration
  • Marriage License
  • National Council for the Welfare of Disabled Persons
  • New TIN ID
  • OWWA ID
  • Student ID
  • Alien Certification of Registration (ACR) / Immigrant Certificate of Registration
  • Government Office or Government Owned and Controlled Corporations (GOCC) ID (e.g. AFP ID, HDMF (Pag-ibig Fund) ID, etc.
  • Certification from the National Council for the Welfare of Disabled Persons (NCWDP)
  • Department of Social Welfare and Development (DSWD) Certification
  • Integrated Bar of the Philippines ID (IBP)
  • Company IDs issued by private entities or institutions registered with or supervised or regulated either by the BSP (Bangko Sentral ng Pilipinas), SEC (Securities and Exchange Commission) or IC (Insurance Commission)

IDs Accepted

As required by Bangko Sentral ng Pilipinas (BSP), clients who engage in a financial transaction with covered institutions for the first time shall be required to present the original and submit a clear copy of at least ONE (1) valid photo-bearing identification document issued by an official authority. For our clients’ convenience, Cebuana no longer requires submission of the photocopied ID. IDs are captured using a webcam in all branches. Clients are also required to submit an updated photo and other relevant information whenever the need for it arises.

Forms of identification accepted are the following;

Pawn Accepted IDs
1. Passport
2. Driver’s License
3. Professional Regulation Commission (PRC) ID
4. National Bureau of Investigation (NBI) Clearance
5. Police Clearance
6. Postal ID
7. Voter’s ID
8. Philippine Identification (PhilID) card
9. Social Security System (SSS) Card / Unified Multi-Purpose ID (UMID)
10. Barangay Certification
11. Government Service Insurance System (GSIS) e-Card
12. Senior Citizen Card
13. Overseas Workers Welfare Administration (OWWA) ID
14. OFW ID
15. Seaman’s Book
16. Alien Certification of Registration/Immigrant Certificate of Registration (for foreigners)
17. Government Office and GOCC ID, e.g., Armed Forces of the Philippines (AFP ID)
18. Home Development Mutual Fund (HDMF ID)
19. Certification from the National Council for the Welfare of Disabled Persons (NCWDP)
20. Department of Social Welfare and Development (DSWD) Certification
21. Integrated Bar of the Philippines (IBP) ID
22. Company IDs issued by private entities or institutions registered with or supervised or regulated either by the Bangko Sentral ng Pilipinas, Securities and Exchange Commission or Insurance Commission
23. ID issued by the National Council on Disability Affairs (NCDA)