Josephine Russiana, 45, cleans condominium units at Bonifacio Global City (BGC), Taguig for a living. As a mother of three, every peso counts to sustain her family’s daily needs.
But there are days when her hard-earned income simply isn’t enough. Her husband, once a motorcycle taxi rider, had to give up the job when they could no longer keep up with the motorcycle’s monthly payments. He now works part-time as a family driver, leaving the family without a steady second source of income.
"Kumikita ka, pero minsan kinakapos ka talaga,"
Josephine laments. (I bring in money for my family but sometimes it is not enough.)
Josephine recalls the day when she didn’t have enough money for her children’s baon for school. She usually splits the P200 budget among her children. Fortunately, she remembered what a friend told her once: GCash offers cash loan products to eligible users. She tried her luck and was granted PHP 100 instantly.
Josephine was able to get this financial support via GLoan Sakto, a sachet-type (“tingi”) loan, offered by Fuse Financing Inc., the lending arm of GCash. GLoan Sakto enables dignified lending where they can borrow within a digital formal credit system eliminating the shame of borrowing face-to-face or resorting to unregulated "5-6" predatory lenders. These lenders charge loan shark rates, resulting in an even bigger financial burden for the borrowers. GCash wants to end this cycle of debt traps that only burn a deeper hole in Filipinos’ pockets.
Often used as “pambale,” borrowing even just P100 can make a meaningful difference for most Filipinos. Through GLoan Sakto, eligible users can borrow small amounts, instantly credited to their wallets, with repayment set within 14 days to help cover immediate needs such as buying a few kilos of rice or canned goods for the family’s next meal.
The next time she needed to borrow money, Josephine says GCash offered her an increased sum: PHP 300, which she used for her commuting expenses. Eventually, Josephine was able to loan P1,000, allowing her to have additional budget for food and utility expenses.
What began as a short-term solution to Josephine became her entry point to formal credit and a broader financial journey. Josephine was able to increase her loanable amount because of timely repayments.
“Wala pang due, binayaran ko na. Hindi po ako nagpapa-overdue,”
Josephine says. (I pay before the due date. I never let anything go overdue.)
A gateway to formal credit
For most Filipino families, every sustainable credit journey starts with a first step—often a modest one like this sachet-type loan.
"Josephine’s story reflects why we launched GLoan Sakto in the first place—to give hardworking Filipinos access to safe, reliable, and dignified credit,"
says Tony Isidro, president and CEO of Fuse Financing Inc.
"Too many families fall into debt traps because traditional loans are out of reach. With GLoan Sakto, we are showing that even the smallest amount, paired with responsible repayment, can open doors to financial confidence and stability,"
he adds.
To date, Fuse has served 9.5 million unique borrowers, 90% of whom are first-time users of formal credit through Fuse—highlighting how the company and its lending products have enabled many Filipinos to access formal financial services for the first time.
“At Fuse and GCash, we believe that there is good in doing good business— that’s why we make affordable loans accessible, even to ‘high-risk’ segments because they are the ones who were traditionally sidelined by other lenders and yet needed support the most,”
Isidro says.
Through GLoan Sakto, GCash reaffirms its commitment to financial inclusion—empowering millions of Filipinos to rise above daily struggles and build long-term financial confidence.
To know more about our lending products, visit gcash.com.
About Mynt
Mynt is the first and only $5 billion unicorn in the Philippines. It's a leader in mobile financial services focused on accelerating financial inclusion through mobile money, financial services, and technology. Mynt operates two fintech companies: GXI, the mobile wallet operator of GCash — the #1 Finance App in the Philippines, and Fuse Lending, a tech-based lending company that gives Filipinos access to microloans and business loans.
About GCash
GCash is the Philippines’ #1 Finance App and Largest Cashless Ecosystem. Through the GCash App, users can easily purchase prepaid airtime; pay bills via partner billers nationwide; send and receive money anywhere in the Philippines, even to other bank accounts; purchase from over 6 million partner merchants and social sellers; and get access to savings, credit, loans, insurance and invest money, and so much more, all at the convenience of their smartphones. GCash’s mobile wallet operations are handled by G-Xchange, Inc. (GXI), a wholly-owned subsidiary of Mynt, the first and only duacorn in the Philippines.
Mynt and GCash are staunch supporters of the United Nations Sustainable Development Goals (SDGs), particularly UN SDGs 5,8,10, and 13, which focus on safety & security, financial inclusion, diversity, equity, and inclusion as well as taking urgent action to combat climate change and its impacts, respectively.
For more information, please contact:
Bruce Rodriguez, Head of Business Communications
Corporate Communications
Legal Disclaimer & Safe Harbor Statement
This press release is for informational purposes only and does not constitute, or form part of, any offer, solicitation, or invitation to sell, issue, purchase, or subscribe for any securities in the Philippines, the United States, or any other jurisdiction. No securities of Mynt, Inc. have been or will be registered under the U.S. Securities Act of 1933, as amended, and such securities may not be offered or sold in the United States absent registration or an applicable exemption from registration requirements. There will be no public offering of the securities of the Company in the United States. No money, securities or other consideration is being solicited by this document or the information contained herein and, if sent in response to this document or the information contained herein, will not be accepted. Any potential initial public offering and listing in the Philippines, if pursued, remain fully subject to prevailing market conditions and regulatory approvals, including the registration requirements of the Philippine Securities and Exchange Commission and the listing rules of the Philippine Stock Exchange, Inc., and there can be no assurance that any such filings will be made or that any offering or listing will be consummated. This document contains forward-looking statements that involve inherent risks and uncertainties; actual results, timelines, and outcomes may differ materially from those projected due to shifting market dynamics, economic environments, and regulatory updates.
