{"id":6531,"date":"2018-04-20T02:31:14","date_gmt":"2018-04-20T02:31:14","guid":{"rendered":"http:\/\/www.techbeatph.com\/wproot\/?p=6531"},"modified":"2018-04-20T02:31:14","modified_gmt":"2018-04-20T02:31:14","slug":"posible-net-teams-grameen-foundation","status":"publish","type":"post","link":"https:\/\/www.techbeatph.com\/wproot\/posible-net-teams-grameen-foundation\/","title":{"rendered":"POSIBLE.NET teams up with Grameen Foundation"},"content":{"rendered":"

POSIBLE.NET teams up with Grameen Foundation<\/strong><\/em>
\nPOSIBLE.NET teams up with Grameen Foundation in digitizing financial services for all<\/strong>
\nMakati City, Philippines, April 19, 2018 – \u201cIf a woman is empowered, her children and her family will be better off. If families prosper, the village prospers, and eventually so does the whole country,\u201d Chilean author and women\u2019s rights activist Isabel Alende once said.
\nAs if living by Alende\u2019s message, POSIBLE.NET, a fintech company, and Grameen Foundation, a global nonprofit organization recently announced their collaboration in \u201cThe CAN Experience: Digitizing Financial Services For All\u201d last April 12 at The Bayleaf Hotel, Intramuros, Manila. Attended by various stakeholders and regulators in the financial technology industry, Grameen Foundation reported that its track towards financial inclusion has been reaping substantial results for the benefit of both Filipino entrepreneurs and the underserved communities.
\nGrameen Foundation has created breakthrough solutions in the realm of financial, agricultural and health services. The organization uses digital technology and strengthens local partner networks to design and deliver solutions that open opportunity for women and families living in poverty. It has done just that for Asia, Latin America, Middle East, North Africa, and Sub-Saharan Africa.
\nThe foundation began working in the Philippines since 2000, with the goal of catalyzing financial inclusion by enabling the poor, especially the Filipino women. In the report presented by Grameen Foundation, 36 percent of 1,634 local government units remain unserved by any banking facility while only 28.1 percent of the adult population owns an account at a financial institution \u2013 numbers that are reflective of the large gaps that exist between the financial services needs and the current formal supply available in the market.
\nThis is where POSIBLE.NET and the foundation\u2019s Community Agent Network (CAN) Program come in.
\nThe CAN Program, launched in 2015, was conceived with the goal of improving the resilience of the financially unserved and underserved by establishing an agent network that is sustainable and scalable for various stakeholders such as fintech providers, merchants, and micro-entrepreneurs.
\nIt aligns with the National Strategy for Financial Inclusion of Bangko Sentral ng Pilipinas (BSP) which sets a focus on enabling an environment where there is effective physical access to a wide range of financial services designed to cater to the evolving needs of the Filipino consumers.
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\nCATALYZING FINANCIAL INCLUSION. Gigi Gatti, Grameen Foundation Regional Director for Asia
\nAs of January 2018, Grameen Foundation has 1,896 agents nationwide, 75% of which is female who is about 40 years old and have had at least a year of college education.
\n \u201cIn many of our studies, we found out how women are better at handling money and finances than men. It is women\u2019s attention to detail that makes them successful in activities that involve money\u2014collecting, balancing and paying\u2014these just come naturally to women,\u201d Gatti said. \u201cThis will be beneficial, not only to the lives of these women but also to the economy.\u201d
\nIn the same report, Grameen announced that 88 percent of the agents onboarded during the CAN program use POSIBLE.NET as their fintech provider.
\nFurthermore, JG Puzon, CEO of POSIBLE.NET, reported that they now have 2,000 active retailers nationwide and has generated 3.8 million transactions amounting to P2 billion gross value.
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\nDIGITIZING FINANCIAL SERVICES. JG Puzon, POSIBLE.NET CEO and President
\nGiven this, Grameen Foundation Regional Director Gigi Gatti speaks highly of the partnership with POSIBLE.NET, which she describes as a \u201cportable point-of-sale-like digital transaction device that was thoughtfully designed to meet the needs of consumers, agents, and enterprises.\u201d
\nPuzon is also grateful for this team-up, as Grameen Foundation has been helping them with the research and analytics of their retailers\u2019 profiles, opportunities, and challenges, even those in the farthest areas.
\n\u201cThe growth in the number of Ka-Posible retailers is remarkable and is still going uphill,\u201d Puzon said. \u201cI\u2019m glad that we are reaching the outskirts of the country with Grameen Foundation as our partner and motivator.\u201d
\n\u201cWith the help of POSIBLE.NET, we believe that we will be able to attain our goal of digitizing financial services for all,\u201d Gatti added. \u201cWe do not stray away from the hard work of achieving financial inclusion, and that\u2019s what makes this partnership work.\u201d<\/p>\n","protected":false},"excerpt":{"rendered":"

POSIBLE.NET teams up with Grameen Foundation POSIBLE.NET teams up with Grameen Foundation in digitizing financial services for all Makati City, Philippines, April 19, 2018 – \u201cIf a woman is empowered, her children and her family will be better off. If families prosper, the village prospers, and eventually so does the whole country,\u201d Chilean author and…<\/p>\n","protected":false},"author":3,"featured_media":6533,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_exactmetrics_skip_tracking":false,"_exactmetrics_sitenote_active":false,"_exactmetrics_sitenote_note":"","_exactmetrics_sitenote_category":0,"footnotes":""},"categories":[15],"tags":[],"class_list":["post-6531","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-techbeatcast"],"_links":{"self":[{"href":"https:\/\/www.techbeatph.com\/wproot\/wp-json\/wp\/v2\/posts\/6531","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.techbeatph.com\/wproot\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.techbeatph.com\/wproot\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.techbeatph.com\/wproot\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/www.techbeatph.com\/wproot\/wp-json\/wp\/v2\/comments?post=6531"}],"version-history":[{"count":1,"href":"https:\/\/www.techbeatph.com\/wproot\/wp-json\/wp\/v2\/posts\/6531\/revisions"}],"predecessor-version":[{"id":6534,"href":"https:\/\/www.techbeatph.com\/wproot\/wp-json\/wp\/v2\/posts\/6531\/revisions\/6534"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.techbeatph.com\/wproot\/wp-json\/wp\/v2\/media\/6533"}],"wp:attachment":[{"href":"https:\/\/www.techbeatph.com\/wproot\/wp-json\/wp\/v2\/media?parent=6531"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.techbeatph.com\/wproot\/wp-json\/wp\/v2\/categories?post=6531"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.techbeatph.com\/wproot\/wp-json\/wp\/v2\/tags?post=6531"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}