Philippines: Community Bank Champions Women’s Empowerment Through Financial Inclusion

Source: SunStar

When BDO Unibank Inc. (BDO) adopted the UN Sustainable Development Goals as part of its sustainability framework in 2010, it made driving holistic and sustainable economic growth in the country among its key priorities. This translates to programs that promote social and economic inclusion, which includes making financial products and services more accessible to unbanked segments, especially women, in order to encourage active participation in the financial system.

BDO notes an increase in the number of women entrepreneurs who avail of its products to grow their business, particularly for BDO’s community bank, BDO Network Bank (BDONB). In 2022, BDO reported that 66 percent of its micro, small, and medium enterprises clients for BDONB are women-owned.