“Before, I had to travel for hours just to deposit our earnings. Now, BDO Network Bank sends someone to our store. That saves me time and allows me to focus on growing the business.” ~Ohnello Nohara, Owner of General Merchandise Store
Ohnello Nohara and his spouse own a bustling general merchandise store in the island village of Dapa, Siargao. From groceries to car supplies, what started as a little stand has developed into one of the neighborhood's favorite stores. Their bank's deposit pick-up service is a silent game-changer that has contributed to their ongoing success.
With the aid of BDO Network Bank's deposit pick-up service, Dapa, Siargao entrepreneur Ohnello Nohara runs a successful general merchandise store, freeing up time to concentrate on expanding his company. Catherine Agacite tells a separate but recognizable tale from a few towns away.
She used to be a single mother and the only provider for her family, relying on high-interest daily loans from unofficial lenders. After she obtained a business loan from BDO Network Bank, things started to improve. Her little fruit stand grew into two successful branches with a third on the way thanks to the financing.
“Repayments are automatically deducted from my account. It’s one less thing to worry about while running the business.” ~Catherine Agacite, a Siargao Small Business Owner and Single Mother
With a business loan from BDO Network Bank, Catherine Agacite, a Siargao small business owner and single mother, increased the size of her fruit stand. She currently manages several stalls and keeps increasing her revenue in a sustainable manner.
Stories like Catherine's and Ohnello's show how banking may improve local livelihoods when it becomes more approachable and intimate.
The community banking division of BDO Unibank, BDO Network Bank (BDONB), keeps providing useful banking services to underprivileged populations, especially in remote locations where access is still difficult.
With more than 500 branches and loan offices across the country, each one provides services catered to the particular requirements of the area. In order to provide clients with reasonable coverage that includes daily cash compensation during hospital confinement, the bank also offers micro-insurance for as little as P500 per year.
BDO Network Bank maintains a grounded, inclusive, and current attitude in everything from P100 beginning savings accounts to non-collateral loans for small company owners. In order to assist clients with depositing wages and obtaining support without having to leave their place of employment, field officers frequently visit markets and stores.
The BDO Network Bank Mini Fiesta is a community event that brings banking closer to Filipinos in remote communities by combining games, entertainment, and financial education.
Additionally, the bank hosts community events like its "Mini Fiesta," which combines games, entertainment, and financial education. To assist regular Filipinos in opening their first savings accounts and starting their financial journey, these events are frequently hosted at town squares, barangay halls, schools, and marketplaces.
A provincial town branch of BDO Network Bank, one of more than 500 branches and loan offices around the country, provides financial services to underserved populations.
BDO Network Bank plans to expand its reach and impact with its recently obtained thrift bank license, particularly in areas that are still underserved by traditional financial institutions.
Banking is now easier, more accessible, and more personal for Ohnello, Catherine, and thousands of other people. It is no longer remote or difficult.
About BDO Network Bank
BDO Network Bank (BDONB) is a leading community bank that is driving financial inclusion in the Philippines. BDONB provides essential financial services to far-flung regions throughout the country so that more Filipinos can achieve their dreams and goals in life. With products and services such as Salary Loan, Negosyante Loan, Microinsurance, and Cash Agad, BDONB supports the aspirations and business needs of the communities that it serves. Together with BDO Foundation and SM Foundation, BDONB helps communities thrive by engaging in financial education, classroom building, medical missions, rural health unit rehabilitation, and calamity relief operations. Guided by the philosophy “Abot ang pangarap,” BDONB is committed to being where it is needed most, serving communities across the Philippines. The men and women of BDONB are passionate about uplifting lives. For them, working at BDONB is not simply a source of income but a mission to make a difference in the lives of many Filipinos. For more information, please visit https://www.bdonetworkbank.com.ph.
BDONB is regulated by the Bangko Sentral ng Pilipinas. https://www.bsp.gov.ph
For assistance, please visit any BDONB branch nearest you, contact us through our hotline +63 82 233-7777, email us via customerservice@bdonetworkbank.com.ph or send us a private message at our official Facebook page at https://www.facebook.com/BDONetworkBankPH.
Deposits are insured by PDIC up to P1 Million per depositor. The BDO Network Bank, BDO Unibank, and other BDO-related trademarks are owned by BDO Unibank, Inc. All Rights Reserved.
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