The Asian Development Bank (ADB) has green-lit a $30-million (over ₱1.7-billion) loan for Fuse Financing Inc., the lending arm of GCash, which aims to expand lending to small businesses.
The Manila-based multilateral lender approved its loan financing for the Fuse Enabling Financial Inclusion through GCash’s Online Lending Platform project on Oct. 23, documents showed.
The loan “will be used to expand Fuse’s working capital loans to micro-, small-, and mediu
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