Da Best Ka-Winter Promo

 

Promo Mechanics:

  1. This promo is open to all clients in United Arab Emirates (UAE) who will send their Cebuana Direct remittance transactions through the ff. partners:
  • Cash Express/Al Ansari Exchange
  • Al Fardan Exchange
  • Al Ghurair Exchange
  • Al Fuad Exchange
  • RakBank
  • Lari Exchange
  • Send Exchange/Dubai Remit
  • Index Exchange
  • Lulu Exchange
  1. Promo runs from October 1 to December 31, 2019.
  2. Remittance transactions that were made from October 1 to December 31, 2019, must be uploaded to this link: https://www.tag911.ae/win/cebuana/  in order to qualify for the promo.
  3. Winners will be drawn in January 2020.
  4. Grand raffle winners will win an all-expense-paid trip to Bucharest, Romania from February 21 to 23, 2020.

 

Lhuillier bags Asia CEO Awards’ Global Filipino Executive of the Year distinction

Cebuana Lhuillier president and CEO Jean Henri Lhuillier has received the prestigious Global Filipino Executive of the Year plum during the Asia CEO Awards 2019 held at the Marriott Hotel Manila.

The Global Filipino Executive of the Year distinction is given by the Asia CEO Awards, the largest award-giving body in Southeast Asia, to Filipino citizens or persons of Filipino descent who have achieved success in the Philippines or otherwise, whether in the business sector, the government, or the academe.

“This award is a testament of a bigger challenge that is presented to me and my team to keep true to our mission of empowering more Filipinos to be included in the conversation on financial inclusion.” said Lhuillier.

The award recognized Lhuillier’s visionary leadership that continues to raise the bar for Cebuana Lhuillier and parent company, PJ Lhuillier. He has shown his passion-fueled desire to not only achieve success in his business endeavors but also influence others with his philanthropic initiatives.

This year, Lhuillier led the introduction of the company’s Micro Savings product, in concurrence with the “#KayaNa: Unbanked Filipinos No More” movement. He is also the chief Iponaryo of the campaign to ensure the Philippines becomes a nation of people well-versed in the value of saving.

The Global Filipino Executive awardee is at the forefront of the expansion of the Cebuana Lhuillier pawnshop chain which has become a one-stop-shop for microfinancial services with 2,500 branches nationwide. His directions on partnerships with entities abroad continue to improve and update the company’s money remittance service that provides convenience to Overseas Filipino Workers.

Lhuillier is also committed to help his fellowmen by creating opportunities for their betterment. Through the Cebuana Lhuillier Foundation, he has opened nearly a hundred Alternative Learning System (ALS) centers which has benefited 8,000 learners and sponsored more than 1,000 scholars.

The Asia CEO Awards recipient is also a longtime softball and tennis patron, and is the person responsible for the impressive run of the RP Blu Girls in the recent Asia/Oceania Qualifying Tournament in Shanghai, China. He also supports international tennis stalwarts such as Treat Huey and Ruben Gonzales.

The Asia CEO Awards 2019 bestowed 15 awards to individuals and companies who represent Asia’s best in leadership and growth.

The Golden Bazaar

Gusto mo bang mag-invest sa gold jewelry? Save the date on on November 16-17, 2019 at magpunta sa aming Golden Bazaar sa Robinsons Galleria Ortigas Level 1 Atrium Activity Area! Matutuwa kang mamimili with 20,000 unique designs offered in best jewelry prices! See you, Ka-Cebuanas!

Per DTI Fair Trade Permit No. FTEB-19833 Series of 2019

Students start journey to financial freedom

More than 3,000 students and teachers of various schools nationwide have learned the value of saving money and opening a savings account through the Cebuana Lhuillier Micro Savings Iponaryo roadshows.

The students from Mantalongon National High School and Cawayan National High School in Cebu, Osmena Colleges in Masbate, St. Peters College in Iligan City, Davao City National High School, and University of Makati have also opened their own Cebuana Lhuillier Micro Savings accounts, to become the latest Iponaryo members of the almost two million-strong #KayaNa: Unbanked Filipinos No More movement.

Protecting Your Investment: Cebuana Lhuillier’s Newest Premium

Life is unpredictable. One day you’re out in the park, enjoying a family reunion while feeling that you’re on top of the world, and all of a sudden, something unexpected occurs. Most of the time, people are not aware of how things can change in a flash, calm becomes a storm and health is put in risk. In such case, a good investment is important to ensure that the future of your family would not go to waste. It is always better to be prepared than sorry, and Cebuana Lhuillier is here to help you accomplish just that.

Cebuana Lhuiller’s ProtectMax is a microinsurance product designed for individuals aged 7 to 70 years old with Death Benefit, Accident or Sickness Emergency Cash Assistance, Accidental Dismemberment and/or Disablement, Murder and Unprovoked Assault and Residential Fire Reconstruction cash assistance. For as low as P50, each certificate is valid for four (4) months from the date of issuance and can be availed up to a maximum of 5 certificates per insured.

Simply put, just think of all the insurances you’ve heard of before, and then raise them into a higher level, that’s what ProtectMax is. You are better off investing in this particular Microinsurance than if your main priority is attaining an insurance that’s affordable and worth your hard-earned money. You may ask, “Well, that sounds great! But is my family qualified for this?” The definite answer is yes! The following are qualified beneficiaries for ProtectMax:

 

Qualified beneficiaries:

  • Legal Spouse
  • Child of legal age (18 years old)
  • Parents – Mother/Father
  •   Siblings – of legal age and single; married

What are the Premiums?

Just P50. Yes, you’ve read that right. For as low as P50, you may avail this amazing Microinsurance. More specifically:

 

One (1) COC
Premium Benefits Coverage
Php 50 Accidental Death Php 25,000
Accidental Dismemberment and/or Disablement Php 20,000
Murder and Unprovoked Assault Php 5,000
Fire/Lightning Cash Assistance Php 5,000
Death Benefit (due to Sickness/Old age) Php 5,000
Accident or Sickness Emergency Cash Assistance Php 1,000

Accidental Dismemberment and/or Disablement Php 20,000

Murder and Unprovoked Assault Php 5,000

Fire/Lightning Cash Assistance Php 5,000

Death Benefit (due to Sickness/Old age) Php 5,000

Accident or Sickness Emergency Cash Assistance Php 1,000

 

Now, just because the most affordable option is P50 doesn’t mean that you are limited to just that. Another premium is P250, by which, the coverage is much higher:

One (1) COC
Premium Benefits Coverage
Php 250 Accidental Death Php 125,000
Accidental Dismemberment and/or Disablement Php 100,000
Murder and Unprovoked Assault Php 25,000
Fire/Lightning Cash Assistance Php 25,000
Death Benefit (due to Sickness/Old age) Php 25,000
Accident or Sickness Emergency Cash Assistance Php 1,000 per
incident maximum
of 5 incidents

 

Definitely, you might be tempted to get a higher premium as well, with the coverages at least including most of your loved ones. But the inclusions, premiums, and coverages aren’t the only advantage to Cebuana Lhuillier’s ProtectMax. The claiming process is as important and convenient as the other processes involved.

 

Processing of Claims:

1) In the event of a claim, the claimant shall submit the complete claim at any Cebuana Lhuillier branch nationwide.

2) Cebuana Lhuillier Branch Personnel shall review the completeness of all claim documents and submit to Cebuana Lhuillier Insurance Brokers, Inc. (CLIB) (depending on the type of claim) for claims evaluation and approval; the review shall be done in accordance with the guidelines of Pioneer Insurance and Surety Corporation (PISC).

3) CLIS will submit final advice, within 48 hours to the BP and claimant the status of the claim.

 

a. If a claim is approved, CLIB Head Office will pay the claimant in advance thru Pera Padala.

b.If the claim is Denied, CLIB Head Office shall send letter of denial to the claimant.

 

The Claim Requirements:

1) Accidental Death

a. Original Confirmation of Cover (COC)

b. Birth/Death Certificate (CTC)

c. Police Report/ Incident Report (Original)

d. Insured’s & Claimants Valid ID (with Photo and Signature)

e. Legal Supporting Document of claimant/beneficiary

 

2) Accidental Dismemberment, and/or Disablement

a. Photocopy of Confirmation of Cover (COC)

b. Police Report

c. Picture of Affected Body Part

d. Medical Certificate

e. Insured’s Valid ID (with Photo and Signature)

 

3) Murder and Unprovoked Assault

a. Original Confirmation of Cover (COC)

b. Death Certificate

c. Police Report

d. Insured’s & Claimants Valid ID (with Photo and Signature)

e. Legal Supporting Document of claimant/beneficiary

 

4) Fire/Lightning

a. Photocopy Confirmation of Cover (COC)

b. Picture(s) of burnt declared home address

c. Barangay Certificate

d. Insured Valid ID (with Photo, Signature, and Declared Address)

 

5) Death Benefit (Accidental or Sickness)

a. Original Confirmation of Cover (COC)

b. Birth/Death Certificate (CTC)

c. Police Report/ Incident Report (Original)

d. Insured’s & Claimants Valid ID (with Photo and Signature)

e. Legal Supporting Document of claimant/beneficiary

f. Medical Certificate

 

6) Accident or Sickness Emergency Cash Assistance

a. Photocopy Confirmation of Cover (COC)

b. Emergency Expense Benefit Claim Slip (bottom of COC)

c. Medical Certificate

d. Clinical Abstract

e. Insured’s Valid ID (with Photo and Signature)

 

After having a clear idea of the claim requirements, we know that you’re curious about the fine prints. The thing is, Cebuana Lhuillier doesn’t deal with fine prints, we are happy to serve and answer every detail that our customers may inquire about in the long run. To further clarify on the inclusions, we have to mention the exclusions as well:

 

Exclusions:

  1. Planned or expected treatments.
  2. Treatment or surgery for congenital anomalies.
  3. Treatments related to HIV, STD’s, AIDS.
  4. Claims caused by alcoholism and/or illegal drugs.
  5. Self-inflicted injuries, suicide, attempted threats while sane or insane.
  6. Treatment of mental and nervous disorders.
  7. Long-term rehabilitation and psychiatric care.
  8. Treatment for Obesity, weight reduction, or weight improvement.
  9. Chiropractic care, acupuncture, alternative medicine or any experimental procedures.
  10. Cosmetics, plastic surgery, dental care, eye and ear examinations.
  11. Hazardous and dangerous sports or activities.
  12. Any act that violates the law.
  13. Murder, assault, brawl or any attempted threat.
  14. Losses caused by escort or security service.
  15. Voluntary taking of poison, gas, nuclear or radioactive materials.
  16. Hostilities or warlike operations
  17. Any act of terrorism.

While it may seem like a long and extensive lists, most of these are in accordance with the Philippine Law as well, with hostilities and violence being the main disqualifying factors for the microinsurance itself. Understandably, this is a universally accepted provision, to further prioritize the good, hardworking, citizens of the country. Cebuana Lhuillier has always been in support of the tough, motivated, and law-abiding citizens of the country who can’t afford those pricey insurance premiums, hence why ProtectMax was made specifically for them.

With the clear lists of requirements, you may very well be on your way to applying for ProtectMax. But if you’re still unsure about the other details, please feel free to visit any nearby Cebuana Lhuillier branch. Our staff would be more than happy to answer your questions regarding this brand new Microinsurance service.

Gold for Cash: Pawning in the Philippines

Pawnshops are a rich part of Philippine history.  Believe it or not, it can be traced back at least 3,000 years to ancient China, and has been found in the earliest written histories of Greek and Roman civilizations. In 1462 the Franciscans set up the montes pietatis, which granted interest-free loans to the poor, though they were later forced to charge interest to prevent premature exhaustion of their funds. Some scholars say that the practice of pawning was introduced during the days of the Spaniards, when they would allow Chinese traders to enter the Philippine shores in order to conduct their business. This practice has then evolved into the pawning practices of today.

Due to the slow economic growth, Filipinos had turned into pawning more frequently than the usual. Is it any wonder that pawnshops continue to grow in numbers? The Bangko Sentral ng Pilipinas (BSP) said the number of pawnshops across the country reached 17,408. Of these, 6,279 are head offices while the remaining 11,129 are branches. Unsurprisingly, they outmatch and outnumber banks, as a matter of fact, they outnumber all other types of financial institutions regulated by the BSP, including universal and commercial banks, rural banks, and savings and loans associations. Talk about a booming business.

Pawning’s Wide Reach

Open your TV and you’re bound to see a commercial regarding pawnshops and its recent services, perhaps you’d be able to spot one or two within the day. In such case, it’s no wonder that pawnshops have entered Philippine pop culture as well, spearheaded by some of today’s sought after actors and actresses, it’s no wonder that the terrestrial reach of pawnshops have been wider than ever, and we haven’t even scratched the surface yet, as this only pertains to television slots, as the social media platforms of pawnshops are hard at work as well when it comes to making their presence felt.

By this, you can probably say that pawnshops no longer indicate a negative vibe whenever it is brought into discussion. There used to be a time when people would raise their eyebrows whenever they would hear of a neighbor or acquaintance pawning off their items. Nowadays, it is common knowledge that pawnshops provide nothing more than a chance for Filipinos to make ends meet. Of course, not everyone is well off, and as mentioned earlier, the Philippine economy has been stagnant, which is why it is very understandable for Filipinos to turn to pawnshops to hopefully get a fair amount.

 

How do Pawnshops Earn Their Money?

Well, pawnbrokers usually derive income primarily from two or three income streams:

  • Interest and Service Charges on money lent

One pawnbroking website has provided an average percentage regarding this format. We would like to clarify, however, that these percentages may vary, as different pawnshops have different percentages in play:

“In comparison to commercial banks and other lending companies, they get their income from interest for every new loan of 1% to 2.5% monthly, and yet they are all liquid. So it is imperative to say that this financial institution earns at this interest rates, how much more for the Pawnshop business averaging a 5% monthly interest rate on every loan plus a collateral – to secure loan payment.”

 

  • Profits on sale of unredeemed merchandise

Of course, there are times in which the person pawning off their items would not be able to regain it back to due to limited funds. In such case, it gets sold by the pawnshop. The following is a standardized format for this. Again, percentages may vary among pawnshops:

 

a) The income earned from this sale is from 70%-100% of mark up from the principal amount loaned out.

b) Mobile Phone units – 70% – 100% Mark up per unit for 60 days.

c) Gold Jewelries – 75% – 100% Mark up per item for 120 days.

 

  • Profits from ancillary specialty services such as currency exchange, money order sales, and electronic load for mobile phones.

Take note of the phrase “ancillary specialty services.“ Of course, some modern pawnshops do not just deal in pawnbroking, nowadays, they offer various services which tend to the modern Filipino’s needs. Speaking of which..

 

The Modern Pawnshop: What does it have to offer?

Gone are the days in which pawnshops are solely about pawning off items in exchange for cash. Cebuana Lhuillier, for example, upped its ante and showed a clear evolution into their lineup of services. First established in 1988, it is one of the leading and largest non-bank financial services providers in the Philippines with 2,500 branches nationwide. Here are just a few of its current services:

 

1) Money Remittance:

Cebuana Lhuillier’s Pera Padala service is an easy, quick, and safe way to send and receive money within and outside the Philippines. With its wide network and client reach with over 1.5 million global touchpoints and 4,000 domestic partner outlets, Cebuana Lhuillier makes money remittance possible anywhere around the world.

 

2) Microinsurance:

One of Cebuana Lhuillier’s main services, Microinsurance products help Filipinos avail financial services that promise to minimize the impact of distress and misfortune should a disaster or unfavorable event occur. They actually offer more than 20 unique and tailor-fit insurance products, which include but are not limited to TodaCARE, StudentCARE, EmployeeCARE, SecurityCARE, and AutoCARE.

 

3) Micro Savings:

Cebuana Lhuillier Micro Savings aims to provide easier banking access to Filipinos. The product is almost the same with any regular savings account in the Philippines (except for the fact that it is much convenient and accessible than banks) and doesn’t require a maintaining balance. Filipino citizens as young as 7 years old are even qualified to open an account, which can be considered as a “kids savings” or “junior savings” account.

 

A Keen Observation:

Perhaps the biggest question is, why do Filipinos tend to look towards pawnshops first than other means of financial support? After all, Filipinos can just easily loan from other institutions or borrow money from their neighbors. Well, the following reasons may very explain this in detail:

 

1) Accessibility

Pawnshops are all about smooth business flow and transactions. Unlike loaning companies, pawnbrokers take pride in providing a good service and fair appraisal.

 

2) Strictly Business

Borrowing from people you know, such as relatives, neighbors, workmates, etc. may breed some personal animosity when it comes to financials, especially as everyone would like to protect their savings, hence, why people are more comfortable dealing with pawnbrokers, because it’s all business. Nothing more, nothing less.

 

3) No Credit Investigations

Lending companies tend to overdo their investigations most of the time. People do not want to be bothered with questions when they’re desperate for cash, hence, why people prefer pawnshops, not because they’re less strict, but rather, they’re efficiently faster when processing financial matters. No need for additional checks or restrictions.

 

With all of that being said, you may be looking for a pawn shop that would provide you with the most honest service and highest appraisal 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 an 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  2,500 branches nationwide. Visit your nearest Cebuana Lhuillier branch now – we assure a fast, easy and secure transaction.

Famous Banking Scams to Avoid

Financial scams – they are everywhere! Banking has been a part of people’s lives since 2000 BC, making its presence known in Assyria, India and Sumeria. Nowadays, banking itself has become somewhat of a lifestyle phenomenon, which has taken over a minimal, yet very vital part of everyone’s daily routines. While there may be checks and balances put into place to ensure that all bank accounts are kept safe and well-taken care of, there are still some who are proficient enough in breaking such benchmarks in order to take advantage of innocent people. Scammers are evolving every day, adjusting to the efficiency of bank securities and policies, in the hopes of luring unsuspecting victims to their modus operandi.

According to Bangko Sentral ng Pilipinas (BSP), which is the central bank of the Republic of the Philippines, in its 2017 Financial Inclusion Survey (FIS), the central bank announced that only an estimated 15.8 million adult Filipinos, or 22.6 percent, have bank accounts, while an approximate 52.8 million, or 77.4 percent, remain unbanked. 11.5 percent of them are in the formal banking sector, around 8.1 percent are in non-government microfinance organizations, 2.9 percent are in cooperatives, and 0.3 percent are in non-stock savings and loan associations. Only 1.3 percent of adults have electronic (e-money) accounts. The survey took into account how one person may have several accounts on different platforms.

Now, with all of those numbers in mind, just imagine how much a scammer would take home in tow after a successful scam. The numbers would reach into the thousands, making it somewhat of an amazing feat, albeit a very illegal one. In such case, it is the responsibility of each individual to always be vigilant during their transactions, to always stay alert and be one step ahead of scammers all the time. Only through proper care and precautions would we be able to beat these wrongdoers, and beat them we shall. But in order to do that, we should first identify their strategies, their targets, and possibly their motives. Here are a few examples of banking scams and how we may best avoid falling victim to them:

1)Bank Transfer Scams

You may describe this as a modern take on the old switcheroo trick, varying in examples, yet equally clever and risky to fall victim to. Here are its types:

 

a) Phone Bank Transfer Scam

Simply put, the scammer will try to get you to transfer money out of your account. According to a website which deals in banking security:

“The way this works is that you’ll get a phone call from someone claiming to be from your bank, alerting you to a problem within your account. This will normally be something security related, such as telling you someone is accessing your account illegally, or has stolen your identity. Their solution will be to ask you to transfer all the money into a ‘safe account’ until the problem is solved. The problem is, nobody is trying to access your account and you’re transferring money directly to the scammers. The money is then transferred very quickly to other accounts around the world.”

b) Internet Bank Transfer Scam

Nowadays, this known as phishing. Through suspicious e-mails, perpetrators may install spyware on your computer to steal your information.

 

“Others might try to take control of your computer remotely, by telling you there is an issue with your internet connection or you have a virus. Another tactic is to tell you you’re due a refund or compensation, but you’ve been sent too much. You’ll then be asked to transfer back the difference.”

 

How do you avoid them?

Here’s the thing, banks will never ask for your personal information, either through phone or through e-mails. Of course, over the counter transactions are way different when it comes to this policy, but that’s exactly the point, bank personnel will ask for your information “face-to-face” for verifications purposes, unlike scammers who would prefer to ask for your private information while being anonymous.

Aside from this, banks will never, ever ask for your PIN. That is one of the most crucial information a client may have, hence why it should be kept secret and safe at all times. You should hang up the phone or delete suspicious looking e-mails, overall.

 

2) Bank Card Scams

This modus operandi involves the scammers getting a hold of your card. They do not even need to keep it for a long time, card skimming or the process of copying your card details is common nowadays, especially for those who are always using their cards to pay for everything.

 

a) Through Direct Contact with the Card

One thing’s for sure, the most common way to get your card details is when you’re shopping online. There are unsecured websites which only say http rather than https in their website address, which can be attacked and filled with spyware, thus infecting your computer, so scammers can see everything you’re doing online.

Sometimes, crooks will even go as far as to steal your credit or debit cards while they’re in their envelopes. You will then get a phone call from the person with your card asking you to confirm a few details which allows them to start using it. By the time you realize what’s happened, your account could have been emptied, or your credit card maxed out.

 

b) By Skimming the Card

Scammers will sometimes use ATM and cash machines to clone your bank card so they can use it to steal your identity. A skimming device is also used in this, being attached to the card slot of ATMs, on other instances, they’ll just install miniature cameras attached so they can see your card number and PIN. One major workaround is to cover the keypad whenever you enter your PIN.

 

How do you avoid them?

First of all, never open or answer suspicious-looking e-mails. There are always red flags, but you’re sure to spot them all in one go. Immediately delete these kinds of e-mails. You should also update your antivirus, just to make sure that no phishing software or malware would get in your PC. You may also avoid visiting websites which only have http in the address rather than https. You should also prevent using public Wi-Fi in coffee shops or shopping malls to shop online or use online in banking.

 

Red Flags within a Strange E-mail

Remember when we said scammers can use e-mails to trick you into providing them with your information? If you’re still unsure of what to look out for, here are a few major examples:

 

  • It instructs you to click a link in the message and to log in using your online banking details.
  • It has a very generic composition. First, what do they call you? Scammers will generally use a generic welcome, such as Dear Sir/ Madam or valued customer. Real emails will address you by your name.
  • Look out for the e-mail address. Emails from scammers will come from an address which is either just a series of letters and numbers, or have a spelling mistake.

 

Now that you know what to lookout for, always remember to approach your local bank and its trusted personnel if ever you were to receive such suspicious e-mails or worse, have already fallen victim to one of the mentioned scams. Remember, being vigilant and alert is the key to beating these scammers to the punch. Be always ten steps ahead of them.

With all of that being said, you’re probably looking to open a bank account with a name and service that you can trust. Look no further than Cebuana Lhuiller’s Micro Savings! Initially offered in our Rural Bank branches, it is now available through our entire Cebuana Lhuillier branch networks. Simply put, you can use your 24K Plus and 4C Cards at any of our Cebuana Lhuillier Pawnshop and Bank Branches in order to withdraw your savings. With a minimum deposit amount of only P50 and no minimum maintaining balance, it’s incredibly easy to apply for one. You can even check your savings amount via our SMS service, reliable and ready to serve you 24/7. Visit your nearest Cebuana Lhuillier branch now – we assure a fast, easy and secure transaction.

 

Save atleast P500 and get a chance to win P5,000 on our #KaCebuanaIponaryo challenge more info at https://www.cebuanalhuillier.com/ka-cebuana-iponaryo-contest/, this is open to all Micro Savings account holders.

Starting Them Young: Banking at an Early Age

Taking care of kids at early age may be stressful for a parent, but it’s also one of the most rewarding experiences ever. You may scold them, discipline them, teach them what’s right and wrong, but at the end of the day, they will always be the cuddliest part of the household. Playtime, meal time, storytelling hour, all of these would be an enjoyable activity with your kids, however, you should not forget one of the most important lessons you may teach them at an early age, financial management. It is common knowledge by now (even to first time parents) that the best time to teach kids something very important is from an early age. There are various studies proving this theory, most notably:

“Some evidence suggests that young children do have episodic memories of their infancy but lose them later. A six-year-old, for instance, can remember events from before her first birthday, but by adolescence, she has probably forgotten that celebration. In other words, young children can likely make long-term-like memories, but these memories typically fade after a certain age or stage of brain development. Memories made in later childhood and beyond are more likely to stick because the young brain, especially the hippocampus and the frontoparietal regions, undergoes important developmental changes that improve our ability to bind, store and recall events.”

Now, do not be discouraged by one of the mentioned facts above, that toddlers tend to forget information somewhere past adolescence, the thing is, a lesson that is taught over and over again has a higher chance of being retained in the long run, due to the fact that repetitive information can overcome the fading memory of youngsters when continuously fed to them on a daily basis. Any important lesson in life is as important as being taught to your kids at an early age, but out of all the vital things, the way they should handle their finances should be one of them.

 

The Candy Parable

Of course, this doesn’t mean that you should allow your toddlers to hold a huge amount of cash at a very early age, but rather, teach them the main concept of saving, handling, and managing limited resources such as money. You may start out, not by coins, but by candies. Younger kids tend to learn more if you were to interpret the lesson via something that they can definitely relate with. Using a candy would not only catch their attention, it would also retain it. Start out by giving them one or two candies, and then, tell them that it would be the only candy that they’ll be given for the whole week, and that they should “budget” how they’re going to consume it. Let them know that they can’t eat the whole lot within the day, otherwise, they wouldn’t be given any further pieces anymore.

Now, you may be wondering, “Even if I were to teach my kids consistently, how can I be sure that they’ll be able to retain those lessons while growing up?” Well, the thing about teaching your kids how to manage their resources while growing up is that it isn’t merely a vocal lesson about how to do things the right way, it’s also about experiencing the lesson itself. Case in point, the candy parable. Further evidence on toddler memory studies states that:

“For parents who worry that their toddler will not remember their special early years together, a memory is essentially a unit of experience, and every experience shapes the brain in meaningful ways. Specific memories may be forgotten, but because those memories form the fabric of our identities, knowledge and experiences, they are never truly or completely gone.”

Think of it as a way of schooling them, but instead of having a seat down class, this would be more of a practical activity.

 

What’s the point of teaching them at an early age?

Teaching them about the value of money and the hard work done behind the scenes to acquire them would mold their outlook towards their future as whole. This doesn’t mean that you’ll open their eyes towards the luxuries that money can buy, no, as a matter of fact, it’s the opposite. It’s all about the basic needs that money would be able to purchase, and that overspending would actually put people in more trouble that they can handle. Let them know of a human being’s basic needs. According to American Psychologist, Abraham Maslow, we all have five of them:

  1. Physiological needs – these are biological requirements for human survival, e.g. air, food, drink, shelter, clothing, warmth, sex, sleep.
  2. Safety needs – protection from elements, security, order, law, stability, freedom from fear.
  3. Love and belongingness needs – after physiological and safety needs have been fulfilled, the third level of human needs is social and involves feelings of belongingness. The need for interpersonal relationships motivates behavior
  4. Esteem needs – which Maslow classified into two categories: (i) esteem for oneself (dignity, achievement, mastery, and independence) and (ii) the desire for reputation or respect from others (e.g., status, prestige).
  5. Self-actualization needs – realizing personal potential, self-fulfillment, seeking personal growth and peak experiences. A desire “to become everything one is capable of becoming” (Maslow, 1987, p. 64).

Notice that three out of five can be attainable with the help of family, friends, and loved ones, so we will not focus on that. Instead, we will go back to the topic at hand, proper financial management. Both the first and second factors are attainable with cash in tow. The very first need is what basic needs are in general, food, drink, shelter, clothing, etc. Even if you were to attain the four other needs, if you do not have access to the first few ones, then you would definitely not survive.

As children grow, they will realize more about the lessons that they’ve learned at an early age, the things that you’ve taught them. And while you’re orienting them, let them know that they may encounter mistakes along the way, but learning doesn’t really stop when they do, a mistake is just the starting point for a new lesson.

 

Banking at an Early Age

The thing about learning is that, it doesn’t always have to be boring. Many parents role play with their kids in order to have both quality time and family time. Role play the setting of a bank, for example. Let them know of the various scenarios involved whenever a person saves (or even overspends). Show them through role play the cons and pros of managing their money for the future. Better yet, when they’re already age seven (7), feel free to apply them for a “junior account.” Here is something we may recommend, none other than Cebuana Lhuillier’s Micro Savings service. It aims to provide easier banking access to Filipinos. The product is almost the same with any regular savings account in the Philippines and doesn’t require a maintaining balance.

Filipino citizens as young as 7 years old are even qualified to open an account, which can be considered as a “kids savings” or “junior savings” account. They can open a Micro Savings account with the help of their parent/guardian as they need to provide a valid ID together with the child’s student ID.

Riches Galore: Which Items are Considered Valuable in Pawnshops?

Pawnshops are very convenient and practical. Just think about it, nowhere can you undergo a transaction which doesn’t even last for ten minutes. They are basically the quickest way to earn cash, especially when you’re in need. Aside from that, they are a major part of Filipino culture. TV commercials aside, pawnshops are rooted in the Filipino system since the time of the Spaniards, when they allowed the Chinese to sail the Philippine shores in order to do their trades. This has been a long running business model in the Philippines, much so that the number of branches that pawnshops have in the country now outnumber banks. So regardless of area, social stature, and occupation, Filipinos will always approach a pawnshop as a first resort.

Of course, not many pawnshop clienteles have expensive items to pawn off, it’s just that they manage to come up with valid items that qualify according to the pawnshop’s standards. With that in mind, it is understandable that many are still unaware of the exact lists of items which can be pawned off. Not everyone has financial concerns, after all, so some haven’t even been in a pawnshop before. No worries, as we have listed the correct items which can count towards you having extra cash by the end of the day:

  1. Gold
    Gold is one of the most common items to be pawned off. Of course, the pawnbroker has to double check its authenticity. Not everything that glitters is gold, after all. But once proven that an item is indeed gold, the broker would come up with the price appropriately reflecting the condition, quality, and authenticity of the item. Be sure to declare whether an item is full gold or gold-plated, as those are also two separate things. Just be honest about the condition of the item and answer the pawnbroker’s questions about the item as well. Who knows, you might get a great deal in the process.
  2. Diamond
    According to a famous song, they are timeless, they are indestructible, they are “forever.” Yes, diamonds may be one of the strongest and fanciest jewels to date, but the same process of evaluation for a fair appraisal is basically the same as that of gold items. It would all depend on the quality and authenticity of the item, though there would even be lesser things to worry about if your diamond is authentic, due to the fact that it can only be scratched by other diamonds. They can also be polished well, which is why you wouldn’t have a hard time cleaning them up if you ever decide to pawn them off.
  3. Platinum
    There is a reason why it is heralded as the “king of the metals.” It is 15 times rarer than gold. As a matter of fact, is the only precious metal used in fine jewelry design that is up to 95% pure, making it the purest metal of them all (gold is only 75%). But do not let its purity fool you, it’s definitely a tough metal, so if ever you’re going to pawn off one, even in spite of over usage, your jewels would still look great in quality.
  4. Cellphones
    Smartphones are a staple of pawnshops as well. Accordingly, only a few types and models of cellphones are accepted, depending on the standard of the pawnshop itself. Nonetheless, they are a welcome addition to the already huge plethora of items you may pawn off. Take note that just like any other items, the quality will come into play. Also be reminded that this falls under the category of gadgets, so they should be in great working condition when pawned off. Much better if you were to pawn off a smartphone while still in mint condition. They have a higher appraisal.
  5. Laptops
    Much like cellphones, laptops which are pawned off while still in high quality and mint condition are prone to a higher appraisal. Of course, the more branded they are, the better. Be sure that the battery and charger is still intact and fully-functioning.

Take note that these are just the basic items you can typically pawn off, depending on the pawnshop, other items may still be qualified for a good appraisal. Feel free to ask your local pawnshop for more details.

Now that we’ve got that out of the way, we should look at the technicalities when it comes to pawning off your items. Aside from the usual verification process, you may also need to present one or two of the following:

  • Passport; including those issued by foreign governments
  • Driver’s License
  • Professional Regulation Commission (PRC) ID
  • National Bureau of Investigation (NBI) Clearance
  • Police Clearance
  • Postal ID
  • Voter’s ID
  • Barangay Certification
  • Government Service Insurance System (GSIS) e- Card
  • Social Security System (SSS) Card
  • Senior Citizen Card
  • Overseas Workers Welfare Administration (OWWA) ID
  • OFW ID
  • Seaman’s Book
  • Alien Certification of Registration/ Immigrant Certificate of Registration
  • Government Office and GOCC ID, e.g., Armed Forces of the Philippines (AFP ID), Home Development Mutual Fund (HDMF ID)
  • 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
  • Company IDs issued by private entities or institutions registered with or supervised or regulated either by the BSP, SEC or IC
  • Passports issued by foreign government

A Well-Rounded Pawnshop That’s Always Ready to Serve

If you would ask, “What would you recommend? Is there any pawnshop that can guaranty a balance of good service and high appraisal?” As a matter of fact, yes, there is. Look no further than Cebuana Lhuillier, a leader in the pawning industry. Cebuana Lhuillier offers up to 35% higher appraisal rate compared to other pawnshops in its 2,500branches nationwide. The company’s business has evolved with the needs of the Filipino people by accepting an array of valuable items—from jewelry to gadgets—in exchange for a fair loan amount.

With every competing pawnshop in existence, each one has their own set of transactions and processes to follow. But for Cebuana Lhuillier, a simplified transaction will always make it stand out from the rest:

  • Visit any Cebuana Lhuillier Pawnshop branch and present the item to be pawned.
  • Accomplish the customer information sheet.
  • Present a valid I.D. (see list below)
  • Let the appraiser assess the value of your item. Advise the branch personnel if you agree with the appraised value and net proceeds.
  • Sign the Prenda card and the pouch containing your item to ensure its authenticity and safety for when you get it back.
  • Count the money received and secure the pawn ticket, which is required to be presented during renewal or redemption of the pawned item.

Cebuana Lhuillier also assures the highest appraisal and security for pawned items. Advance interest will be charged Php4 for every Php100 loan amount. To maintain the excellent standard of service offered by Cebuana Lhuillier, clients are charged five pesos  (Php 5) service fee, no other hidden charges will be deducted from the loan, whatsoever.

For any further clarifications or inquiries, please feel free to visit any  of our nearest branch. Our staff would be more than happy to answer your questions and feedback.

Microsavings: The Future of Affordable Banking

Have you ever imagined a world in which everything was much easier to accomplish? Have you imagined a world where complicated tasks are far simpler to process than usual? Somehow, this dream was made possible by three important factors: technology, reforms, and workarounds.

The same thing can be said about your applications – government benefits application, job application (verifications and references), and bank account application. While the first two are understandably slow-paced due to the insurmountable number of people submitting their applications at the same time, the third one doesn’t necessarily have to suffer the same fate. After all, it isn’t the number of people that affects the process the most, rather, the meticulous nature of banks when it comes to the requirements. Think of it this way, while the number of pre-requisites may be small, the matter in which they are required definitely impacts an applicant’s chances of acquiring one. The typical requirements for a normal bank account are:

  1. a) The minimum initial deposit
  2. b) Two valid IDs
  3. c) Two copies of your most recent 1×1 ID picture
  4. d) Proof of billing

Seems easy right? Well, here’s the thing, some banks would require a high amount when it comes to their “minimum” deposit. Aside from that, your proof of billing may not turn out to be valid, especially if you’re renting. The owner name would point towards your landlord, and not your very own. These simple technicalities may be an obstacle between you and your ultimate goal of opening a typical savings account.

Now, there are those who live out their lives thinking that a savings account isn’t really a major necessity, that it is something they can set aside for the sake of practicality. Consider these particular statistics, in its 2017 Financial Inclusion Survey (FIS), the national central bank announced that only an estimated 15.8 million adult Filipinos, or 22.6 percent, have bank accounts, while an approximate 52.8 million, or 77.4 percent, remain unbanked. While it may seem like a harmless amount of people being able to live with no bank account at all, take note of the actual hassles they may have to go through each and every day. Case in point, the following scenarios:

  1. Having no savings account of your own means you have no safe place to keep your money.
    The thing about having a savings account is that you’ll at least be able to keep your hard-earned money secured. Just think about it, even if you have a sturdy metallic safe back at home, chances are, you still wouldn’t have a peace of mind, knowing that thieves are always on the loose. Aside from that, your home isn’t exactly the wisest option when it comes to safekeeping. Whatever happens to your home, the money would go down with it. Fire, flood, earthquake, etc. By keeping your cash stacked at home, you’re putting all of your hard-earned cash
  2. Having no savings account of your own would make it quite difficult to retrieve your cash.One of the main perks of having a savings account is that you’ll at least be provided with an ATM card. With that, you’d be able to withdraw any amount from your account without much of a hassle (considering that there’s an available ATM machine nearby). If you have no savings account of your own, just think about how difficult it would be to retrieve your very own money. Even if you decide to keep it safe at home, you’d need to go back and forth just to acquire a small amount off your savings.
  3. Having no savings account of your own would prevent you from experiencing any potential investment opportunities.
    Depending on the bank type, opening up a savings account would actually entitle you to earn a small percentage from your deposits. Of course, when we say small, it usually involves just a few centavos of earnings, nonetheless, it accumulates and stacks up with your savings from time to time. Again, this would all depend on the bank and whether or not they implement this type of feature.
  4. Having no savings account of your own may cause lack of documents or requirements in the future, as some non-banking transactions would require for you to have an account.
    This is evident in some government applications and loans, you have to get a savings account of your own as they would deposit your loan directly to the account itself. You also have to consider other crediting companies, as bank accounts usually help them understand the financial habits of people who are hoping to borrow money from them. In such case, your personal account may function as a major requirement in itself already, being a direct pre-requisites for other financial entities.
  5. Having no savings account of your own may cause another hassle in itself, with no easy way to receive salaries and donations from relatives during times of need.
    It’s normal for people to communicate with their relatives during times of need. If you find yourself stuck in a similar situation, no worries, everyone has their moments. What would make this situation awkward, however, is the fact that money transfer isn’t going to be easy for you, especially if you do not have an account of your own. If your relatives or friends were to donate money for your cause, they may send it over your savings account, after which you may visit a nearby ATM machine to withdraw. For those without bank accounts, they may need to fall in line within a money remittance stall, endure a long wait time, and rummage through their ID collections just to acquire a few amounts.

    With all of that being said, there is definitely a need to open up a savings account, may it be for personal use or for externally checking a requirement list. The question is, is there a much convenient alternative to a bank? Is there a much better alternative to the usual savings account? Well, good news, both can be found at the same place and at the same time, none other than Cebuana Lhuillier’s Micro Savings services.

    Cebuana Lhuillier Micro Savings aims to provide easier banking access to Filipinos. The product is almost the same with any regular savings account in the Philippines, with the huge difference of its requirements being way easier to accomplish. Filipino citizens as young as 7 years old are even qualified to open an account, which can be considered as a “kids savings” or “junior savings” account. You may visit any of Cebuana Lhuillier’s 2,500 branches nationwide and fill-out the Client Customer Information File Sheet and bring the following:

    • Government issued ID
    • Birth Certificate (applicable to minors only)
    • Student ID (applicable only if student is currently enrolled)
    • P50 minimum initial deposit
    • P100 card fee (for clients w/o 24k card)

The list of accepted Government/Valid IDs are:

  • Passport
  • Driver’s License
  • Professional Regulation Commission (PRC) ID
  • National Bureau of Investigation (NBI) Clearance
  • Police Clearance
  • Postal ID
  • Voter’s 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)

 

So, what are you waiting for? Visit your nearest Cebuana Lhuillier branch now andopen a Micro Savings account, deposit atleast P500 get a chance to win P5,000 in our #KaCebuanaIponaryo challenge, more info on this link: https://www.cebuanalhuillier.com/ka-cebuana-iponaryo-contest/

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)