{"id":28528,"date":"2017-04-26T19:22:22","date_gmt":"2017-04-26T11:22:22","guid":{"rendered":"http:\/\/www.upgrademag.com\/web\/?p=28528"},"modified":"2017-04-26T19:22:22","modified_gmt":"2017-04-26T11:22:22","slug":"aseans-first-digital-agri-crop-loans-set-to-launch-via-lendr","status":"publish","type":"post","link":"http:\/\/www.upgrademag.com\/web\/2017\/04\/26\/aseans-first-digital-agri-crop-loans-set-to-launch-via-lendr\/","title":{"rendered":"ASEAN\u2019s first digital agri crop loans set to launch via Lendr"},"content":{"rendered":"

Starting next month, farmers can already apply for loans which could help them finance and increase their farm production, through the country\u2019s first mobile-based digital agricultural crop loan service offered by thrift bank Producers Savings Bank Corporation (Producers Bank) via Lendr, FINTQ\u2019s digital lending platform.<\/strong><\/p>\n

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In photo are FINTQ Managing Director Lito Villanueva, Voyager President and CEO Orlando B. Vea, PLDT, Smart, Voyager and FINTQ Chairman Manuel V. Pangilinan, Producers Bank Chairman and Chief Executive Officer Andres M. Cornejo, Producers Bank Board Director Gilda E. Pico, and Producers Bank President and Chief Operating Officer Manuel A. Casta\u00f1eda III.<\/p><\/div>\n

By signing up and availing of the Mobile Crop Loan product via Lendr, farmers will have a more convenient source of financing for crops and seed types, including palay<\/em> (hybrid and inbred seeds), sugar (rattoon and sugar cane seeds), onion and corn.<\/p>\n

\u201cThis collaboration with Producers Bank shows the true importance of digital technology in leveling the playing field for everyone. Through Lendr, we are planting the seeds of innovation so farmers even in the most remote locations are given equal opportunities to grow their ventures and contribute to the thriving local economy,\u201d said Manuel V. Pangilinan, chairman of PLDT, Smart and Voyager Innovations.<\/p>\n

Lendr is a product of FINTQ, the financial technology arm of PLDT and Smart’s Voyager Innovations.<\/p>\n

\u201cThe Bangko Sentral ng Pilipinas welcomes this development in starting the journey towards digitizing lending for the agriculture sector. This is well aligned with the government’s thrust of promoting responsive and responsible banking. Ultimately, technology will bring about inclusive growth and development. It likewise promotes speed, convenience, cost efficiencies and transparency benefitting customers even at the bottom of the pyramid,\u201d said BSP Deputy Governor Nestor A. Espenilla, Jr.<\/p>\n

Lendr allows its users to look and apply for various loan products using only their mobile devices. Through this digital mobile lending platform, users can choose a loan product, fill up an application form, submit their requirements and get notified regarding the approval of their loan application all within their mobile device.<\/p>\n

\u201cBy enabling banks with their digital transformation, we enable more people to take part and benefit from the growing digital economy,\u201d said Lito Villanueva, Managing Director at FINTQ.<\/p>\n

FINTQ\u2019s various telco-agnostic digital lending platforms\u2013which include Lendr, Mobile Loan Saver (with LANDBANK), and micro-lending Pera Agad (with Cash Credit)\u2013helped disburse more than P18 billion worth of loans since 2015 to over 120,000 borrowers, 70% of which are from outside Metro Manila.<\/p>\n

Through its platforms, FINTQ currently has loan transactions coming from all 81 provinces, 90 percent of the 145 cities and eight percent of the 1,490 municipalities. Lendr, FINTQ\u2019s pioneer product, has more than 30 banks and non-banks in various stages of onboarding.<\/p>\n","protected":false},"excerpt":{"rendered":"

Starting next month, farmers can already apply for loans which could help them finance and increase their farm production, through the country\u2019s first mobile-based digital agricultural crop loan service offered by thrift bank Producers Savings Bank Corporation (Producers Bank) via Lendr, FINTQ\u2019s digital lending platform.<\/p>\n","protected":false},"author":6,"featured_media":28529,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[19],"tags":[5178,5259,5260,96],"class_list":["post-28528","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-headlines","tag-lendr","tag-loan","tag-producers-savings-bank-corporation","tag-technology"],"_links":{"self":[{"href":"http:\/\/www.upgrademag.com\/web\/wp-json\/wp\/v2\/posts\/28528","targetHints":{"allow":["GET"]}}],"collection":[{"href":"http:\/\/www.upgrademag.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/www.upgrademag.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/www.upgrademag.com\/web\/wp-json\/wp\/v2\/users\/6"}],"replies":[{"embeddable":true,"href":"http:\/\/www.upgrademag.com\/web\/wp-json\/wp\/v2\/comments?post=28528"}],"version-history":[{"count":0,"href":"http:\/\/www.upgrademag.com\/web\/wp-json\/wp\/v2\/posts\/28528\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"http:\/\/www.upgrademag.com\/web\/wp-json\/wp\/v2\/media\/28529"}],"wp:attachment":[{"href":"http:\/\/www.upgrademag.com\/web\/wp-json\/wp\/v2\/media?parent=28528"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/www.upgrademag.com\/web\/wp-json\/wp\/v2\/categories?post=28528"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/www.upgrademag.com\/web\/wp-json\/wp\/v2\/tags?post=28528"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}