Yondu, DS Finance Corporation Officers Gather for Partnership Signing to Transform Digital Financial Assistance for Filipino Entrepreneurs.
Amongst the million business enterprises the Philippine Statistics Authority (PSA) has recorded in the country, 99.53% were registered as micro-, small, and medium-sized enterprises (MSMEs).
Despite their large presence in the country, the owners of these businesses are presented with only a few options when it comes to seeking financial assistance. Most lending and credit companies view them as risks given their size, limited financial records, and lack of collateral. The management of these businesses becomes uncertain for business owners who fear emergencies, calamities, or dips in trends that could eat away their savings and close down their businesses.
Reynaldo (not his real name), a small business owner, has faced the same challenges in the past when he was first setting up his salon and barbershop which has now been operational for nine years.
“I was struggling because sometimes, our profits were not enough to cover our expenses like quality equipment, utilities, and salaries of my staff. I was forced to use my personal savings just to keep the business running.”
Through the mission of DS Finance Corporation to empower Filipino businesses and over two decades of the corporation’s service and dedication, more financial opportunities are on the rise specifically for small business owners and entrepreneurs partnered with more accessible options powered by Yondu’s technical expertise.
DS Finance Corporation is one of the largest lending companies present in the country that is dedicated specifically to providing business loans to these small businesses.
With the financial struggles of the entrepreneurs and their businesses in mind, DS Finance Corporation has created an easier and streamlined loan application process to allow business owners and entrepreneurs to gain the necessary funds to sustain and develop their businesses. DS Finance has become a pioneer in addressing these businesses’ financial struggles by allowing businesses with even limited documentation, track records, and collateral to still have access to lending and funding, a glaring difference from traditional banks that have strict requirements these enterprises do not meet.
How DS Finance is Adapting to a Technology-Driven Future
In line with keeping up with rising business trends and the need for a stable and robust digital infrastructure, DS Finance began its journey in search of a key partner experienced in system overhauls and long-term technological partnerships. They connected to Yondu, a top IT solutions provider in the country that specializes in innovative digital transformation strategies geared to assist businesses in streamlining their operations, staying competitive and efficient, and developing digital access between businesses and their clients.
Through another three-year partnership, DS Finance Corporation has reinforced its long-standing partnership with Yondu. This three-year strategic partnership, set to span until 2027, shall enhance business resilience, scalability, and sustainability while reinforcing Yondu’s role in empowering financial institutions.
The Future of MSME Finance With DS Finance and Yondu
“Our collaboration with Yondu represents a commitment to continuous innovation and operational excellence. With Yondu’s expertise, we can further elevate our services and strengthen our capabilities to adapt to the ever-changing financial landscape,” DS Finance Corporation President, Ronnie Alemania, shared, emphasizing the partnership’s role in ensuring agility and responsiveness to customer needs.
DS Finance Corporation operates on the belief that technology is a key driver of progress, and when businesses thrive, communities prosper. With the assistance and support of Yondu, this partnership shall be able to generate inclusivity within the financial ecosystem wherein these businesses, the backbone of the Philippine economy, have the capacity and tools needed to reach the highest forms of success.
Joan Peñaflorida, CEO & President of Yondu, echoed these sentiments, underscoring the partnership’s transformative impact. “At the heart of this collaboration is our shared vision of making things better for customers. By leveraging cutting-edge technology and scalable solutions, we aim to drive transformative change in the financial sector. This partnership is more than just a contract—it’s a testament to our commitment to innovation, security, and sustainability.”
As Yondu and DS Finance Corporation embark on this partnership, they remain dedicated and steadfast in their shared goal of driving digital transformation and delivering value-driven solutions that empower businesses for long-term success.
How this partnership will affect Filipino entrepreneurs
This partnership is more than the continued partnership between DS Finance and Yondu to support Filipino businesses; at its core, it serves as inspiration and a helping hand for entrepreneurs who only wish to provide for themselves and create lasting goods and services for their clients.
With renewed motivation alongside financial assistance from DS Finance Corporation, Reynaldo hopes that his story will be mirrored by his fellow business owners to seek assistance in pursuing their dreams.
