NEWS
Home Credit PH extends close to P6M financial aid to Odette-affected employees
CaptionJean Anne Ramos, Sales Associate from Bais City, Negros Oriental with the items she bought from HCPH’s financial assistance
January 28, 2022 3:58 p.m.
Home Credit Philippines disbursed close to P6 million pesos in cash assistance to its employees affected by Typhoon Odette in Visayas and Mindanao.
A total of 1,012 Home Credit employees received initial financial support a day before Christmas.
According to Home Credit Philippines Chief People Officer Alpha Omega Aquino, more than P250,000 was raised through donations amongst fellow employees which the company added to reach the total amount and sufficiently support the affected employees and their families.
In addition to the initially distributed cash aid, HCPH continuously monitored their situation and conditions, and extended further financial assistance to those severely impacted.
Some 82 employees, whose houses were totally lost or had major damage, were given up to P20,000 each.
Due to the typhoon, many properties were destroyed by the strong winds and severe flooding, including the house of Lovely Ramos, a Sales Associate in Puerto Princesa, Palawan.
“Sobrang lakas ng hangin at lagpas tao ang baha kaya sahig na lang ang natira sa bahay namin. Lahat ng gamit pati pera at ATM cards natangay,” (The wind was too strong, and the water was high. The floor was the only part of the house that was left. All our belongings, including money and ATM cards, were completely washed out.) she recounted.
When told that they would receive financial assistance, Lovely was very thankful because at least she can use the money to rebuild her house.
On the other hand, Joerald Sasing from the Collections team experienced the challenge of cash withdrawal after receiving the aid.
“Ang pila sa mga ATM, umaabot ng limang oras at kailangan pa tumawid ng kabilang bayan dahil nasira yung ibang machines. Pero pasalamat pa rin kay Home Credit dahil mayroong makukuhang pang-gastos,” (The queue at the ATM lasts up to five hours, and you have to cross to another city just to find a working one. But we’re still grateful to Home Credit because we have something to pay for the expenses.) he narrated.
Jean Rose Ramos, another Sales Associate, sends her thanks to HCPH for the help they got. Since relief goods arrived a little late in their area, she was able to use the financial aid to buy food and necessities for her and her family.
“Nagpapasalamat ako sa Home Credit para sa tulong na ibinigay nila para makabili kami ng basic needs tulad ng pagkain. Maswerte kami na maging parte ng isang kompanya na may malasakit.” (I would like to thank Home Credit for their help so we can buy basic needs such as food. We are fortunate to be part of a company who cares for us.)
“We believe that in any challenges or calamities, nobody should be left behind, most especially our people. This is our way of looking after them,” Aquino said of the initiative.
With majority of the affected employees coming from the Collections and Sales departments, the teams initiated a donation drive for their fellow Home Credit employees, within their respective groups.
On top of the financial assistance the company initially provided, they also passed the hat among teammates to help contribute to the distributed cash aid.
They also donated Christmas tokens in the form of gift certificates and other relief items.
Earlier, the consumer finance company also earmarked 1M through partners foundations to help other victims of the typhoon.
To date, HCPH has distributed food packages to 112, 712 individuals through GMA Kapuso Foundation and almost 4,000 families were given relief items in partnership with World Vision Philippines.
Home Credit Philippines has already served over 8 million Filipinos, empowering them to afford their needs through various consumer finance products.
NEWS
Cebuana Lhuillier ventures into future of payments at Plan B Forum in Lugano, Switzerland
10:40 p.m. December 30, 2024
Cebuana Lhuillier, the Philippines’ leading microfinance institution, is stepping into the future of payments by exploring innovative blockchain solutions.
This initiative underscores the company’s commitment to financial inclusion and its strategic move towards adopting digital technologies. Senior Executive Vice President Philippe Andre Lhuillier attended the prestigious Plan B Forum in Lugano, Switzerland, where financial leaders and innovators gathered to discuss the next evolution in payments, blockchain, and digital finance.
A Global Stage for Financial Innovation
The Plan B Forum serves as a vital platform for thought leaders to explore the future of blockchain and digital currencies in the global economy. With a focus on the growing impact of decentralized finance (DeFi), stablecoins, and digital currencies, the forum highlights how emerging technologies are reshaping the landscape of financial services. Cebuana Lhuillier’s participation signifies its drive to stay ahead of technological advancements that can reshape and bridge TradFi and DeFi in the Philippines.
The event was attended by some of the prominent names in the digital currency space, demonstrating Cebuana’s commitment to industry and reinforcing its role in shaping the crypto landscape.
Cebuana Lhuillier: Championing Financial Inclusion in the Digital Space
Jean Henri Lhuillier, President and CEO of Cebuana Lhuillier, highlights the company’s growing focus on digital transformation. “As Cebuana Lhuillier continues to expand in the digital space, it aims to enhance payment services by adopting stablecoins and partnering with innovative digital solutions companies. These technologies promise faster, more affordable, and secure transactions for Filipinos, offering a modern way to manage payments with greater transparency and ease.”
Following this, Cebuana Lhuillier Senior Executive Vice President Philippe Andre Lhuillier added, “Blockchain technology and digital currencies are not just tools for innovation; they are vehicles for empowerment. By leveraging these technologies, we can democratize access to financial services, enabling Filipinos from all walks of life to participate in a global digital economy.”
This move reflects Cebuana Lhuillier’s commitment to providing reliable financial services that cater to the evolving needs of its customers across the country.
In representing Cebuana Lhuillier at the forum, Philippe Andre Lhuillier emphasized the importance of financial inclusion in the digital age. In an era where internet access and digital infrastructure are rapidly expanding, especially with advancements in web3 technologies, it set the stage that highlighted the importance of emerging payments in the web3 space and the role of Cebuana Lhuillier in bridging this technology with traditional finance.
Cebuana Lhuillier’s participation at the forum reinforces its commitment to financial inclusion. By incorporating digital wallets, blockchain technology, and digital currencies, the company aims to expand access to financial services, beyond traditional finance.
President and CEO Jean Henri Lhuillier remarked “With the evolution of financial landscapes, Cebuana Lhuillier is positioning itself at the forefront of digital transformation in the Philippines. By attending the Plan B Forum, the company is not only seeking to learn from global leaders but is also reaffirming its role as a key player in the future of payments and financial inclusion. Philippe Andre Lhuillier’s participation marks a critical step towards realizing Cebuana Lhuillier’s vision of becoming a fully integrated financial service provider that leverages cutting-edge technology.”
As blockchain and digital cryptocurrency technologies continue to grow, Cebuana Lhuillier is well-positioned to lead the way in providing innovative financial services.
NEWS
InLife wins Best in Future of Intelligence Award at IDC Future Enterprise Awards 2024
3:30 p.m. December 25, 2024
Insular Life (InLife) received the Best in Future of Intelligence Award – Philippines during the IDC (International Data Corporation) Future Enterprise Awards 2024 held at the Sands Expo and Convention Centre in Singapore on November 18, 2024.
The award recognizes InLife’s Agile Academy, a transformative initiative aimed at fostering an Agile mindset among InLife employees, or InLifers.
Through bootcamps, masterclasses, workshops, and curated resources, the Agile Academy empowers InLifers to tackle organizational challenges with innovative solutions, contributing to the company’s business and digital transformation journey.
At the heart of the Agile Academy are the Mission-Based Teams (MBTs)—cross-functional, user-centric, and self-organizing groups that leverage the Agile framework to address critical customer and enterprise issues.
To date, the Agile Academy has activated 21 MBTs, resulting in innovations like the InLife App, a mobile and web application for managing life insurance policies; and the InLife Compass Super App, designed to boost the productivity of InLife financial advisors. MBTs have also developed solutions addressing pain points of Gen Zs, Group account holders, and the silver generation, demonstrating InLife’s customer-centric and inclusive approach.
“InLife’s recognition at the IDC Future Enterprise Awards reaffirms our commitment to continuous innovation and transformation in service of our customers,” said InLife Chief Transformation Officer Efren C. Caringal, Jr. “At 114 years, InLife remains true to its pioneering spirit, leveraging initiatives like the Agile Academy to deliver meaningful solutions that benefit our policyholders and other stakeholders.”
The IDC Future Enterprise Awards recognize organizations that lead the way in digital transformation, demonstrating resilience, and a commitment to enhanced customer experiences.
NEWS
Converge engages Unang Yakap beneficiaries in gift-giving activities
8:30 p.m. December 24, 2024
Leading fiber broadband and technology provider Converge ICT Solutions Inc. shared the joy of Christmas to the mothers and volunteers of its Unang Yakap Community in Baseco, Tondo.
With the help of the mentors and mentees from its women mentorship program Grace Under Pressure: MentorSHE, the company celebrated with the beneficiaries and community volunteers through games, raffle, and gift-giving activities.
In partnership with Caritas Manila, Converge has been supporting the Unang Yakap Program that aims to provide healthcare and nutritional assistance to underprivileged pregnant and lactating mothers, and their infants, during their first 1,000 days.
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Cebuana Lhuillier ventures into future of payments at Plan B Forum in Lugano, Switzerland
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