Pawnshops evolve with the times, serves as key players in financial inclusion initiatives


According to the latest Anti-Money Laundering Council’s Strategic Analysis Report published in 2018, pawnshops along with money service businesses are crucial to the promotion of financial inclusion. These alternative financial service access points contribute to the further expansion of the formal financial system. In fact, pawnshops have become one of the biggest supporters of the…

CLFI and Aboitiz Foundation Team Up to Promote Alternative Learning


Cebuana Lhuillier Foundation, Inc. Executive Director Jonathan D. Batangan(center right) and Aboitiz Foundation, Inc. First Vice President and Chief Operating Officer Maribeth L. Marasigan (center left) do the ceremonial handshake to signal the start of CLFI’s online fundraising campaign for their Alternative Learning Program on KINDer. Joining them are Danny M. Cerence, Aboitiz Foundation Inc.…

A good habit to develop


The Philippines is said to have one of the lowest savings rates in Southeast Asia. And according to a survey conducted by the Bangko Sentral ng Pilipinas, only one in four households has savings. Meanwhile, the World Bank has said in another survey in the Philippines that most Filipino families’ incomes were eaten up by…

Cebuana Lhuillier’s 2,500 branches advocate financial independence promote micro-savings product thru its rural bank subsidiary


Nowadays, when money is hard to come by, it’s nice to know there are companies who will go out of their way to help Filipinos overcome their financial problems, starting with a few small steps. Widely known for its pawnshop business, Cebuana Lhuillier is getting more recognized now for advocating financial independence, especially among lower-income…

Aeta community in Pampanga no longer unbanked


This Aeta community in Barangay Villamaria in Pampanga can now look forward to saving their hard-earned money through their Cebuana Lhuillier Micro Savings accounts. An indigenous community in Porac, Pampanga can now enjoy secure ways of saving their hard-earned money. The Aetas who live on farming, have recently opened Cebuana Lhuiillier Micro Savings accounts during…

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…

Two million micro savings accounts bring Filipinos closer to financial inclusion


Based on the 2017 Financial Inclusion Survey of the Bangko Sentral ng Pilipinas (BSP), only 15.8 million Filipino adults or 22.6 percent of the total adult population have formal bank accounts, while 52.8 million or 77.4 percent remain unbanked. To help the BSP encourage the unbanked population to invest in savings, Cebuana Lhuillier launched its…

Cebuana mobilizes workforce as ‘Iponaryo’ ambassadors


Leading microfinancial service provider Cebuana Lhuillier has mobilized its 8,000-strong workforce to teach Filipinos on the importance of savings in achieving financial goals. Cebuana Lhuillier President and CEO Jean Henri Lhuillier said their workforce will serve as “Iponaryo” (from the Tagalog word “ipon” for savings) ambassadors whose mission is to educate and demonstrate how Cebuana…

Cebuana Lhuillier grows a nation of Iponaryos


More than 1.7 million Filipinos are now a step closer to financial freedom after opening Cebuana Lhuillier Micro Savings accounts. Considered as Iponaryos, the micro savings account owners are encouraged to follow the Iponaryo philosophy of saving at least PhP50,000 a year using their KaCebuana Ipon Diary. To date, Cebuana Lhuillier, through its 8,000 employees,…