Palawan Group of Companies (PGC) has partnered with the Agricultural Credit Policy Council (ACPC) to streamline loan disbursement and repayment services for farmers and fisherfolk. This collaboration highlights Palawan Group’s commitment to supporting the government’s financial inclusion initiatives by providing transactions that are “mura, mabilis, at walang kuskos balungos” (affordable, fast, and hassle-free) for its valued “sukis.”
Through this collaboration, farmers and fishermen can easily access loans, repay them conveniently, and benefit from a more structured and reliable financial system. This initiative by PGC continues to demonstrate that financial inclusion is not just a corporate responsibility but a necessary foundation for national progress.
Farmers and fisherfolk represent the backbone of the Philippine economy, yet they are among the most financially underserved groups. According to the Senate Economic Planning Office, farmers account for the highest percentage of unbanked Filipinos. This lack of access to formal financial services leaves many farmers and fisherfolk reliant on informal lenders or loan sharks, trapping them in cycles of exorbitant interest rates and unmanageable debt. PGC aims to address this critical gap in collaboration with ACPC, by providing structured, accessible, and affordable financial services tailored to the unique needs of farmers and fisherfolk.
In a Financial Inclusion Survey conducted by the Bangko Sentral ng Pilipinas (BSP), it was found out that pawnshops and money agents are among the most accessible touchpoints for rural communities. With PGC’s extensive network of pawnshops and remittance centers nationwide, this partnership leverages existing infrastructure to bring financial services closer to unbanked and underserved communities. Palawan Pawnshop-Palawan Express Pera Padala has over 3,500 branches strategically positioned across the Philippines, forming an extensive network that delivers essential financial services to rural communities. This nationwide presence enables farmers and fisherfolk to conveniently access financial services, borrow funds, or repay loans without traveling long distances, minimizing disruptions to their daily activities.
Palawan Group also offers flexible and accessible payment solutions through its network of PPS-PEPP outlets and its e-wallet app, PalawanPay. PPS-PEPP branches remain open even on weekends and holidays, allowing farmers and fisherfolk to complete transactions conveniently. Meanwhile, PalawanPay enables users to make payments anytime, anywhere, ensuring seamless financial management.
Beyond loan payments, PalawanPay supports various financial transactions such as paying utility bills, educational institutions, buying load, or sending money to other e-wallets or banks. As Palawan Group aptly states, “Pwede sa branch at pwede din sa app,” (available at the branch and also on the app).
“This partnership underscores our mission of financial inclusion, ensuring Filipinos—especially those in rural communities—can access essential financial services conveniently and seamlessly,” said Lisa Lou Castro-Sabado, Cash Management Solutions Director of the Palawan Group of Companies.
“Through our partnership with Palawan Group, we are streamlining loan disbursement and repayment, enabling farmers and fisherfolks to focus on their livelihoods with greater ease and convenience,” added Noel Clarence Ducusin, Director for Program Development and Capacity Building.
This strategic collaboration between Palawan Group and ACPC reaffirms their shared commitment to empowering the agricultural sector. By improving access to financial services, they strengthen the backbone of the nation’s economy and contribute to a more inclusive and efficient financial ecosystem.
ABOUT PALAWAN GROUP OF COMPANIES:
The Palawan Group of Companies includes products and services such as Palawan Pawnshop, Palawan Express Pera Padala, Palawan ProtekTODO, Palawan Credit, and PalawanPay. A brand trusted by Filipinos for almost four decades, PGC is one of the fastest-growing financial institutions in the country. With its strength in remittance and pawning services, the company is the market leader in the industry and has over 70,000 branches, Pera Padala outlets, and PalawanPay Money Shops nationwide.
Palawan Group of Companies offers a wide range of services, including pawning, domestic and international remittances, microinsurance, bills payment, electronic mobile phone loading, cash-in and cash-out of e-wallets, money exchange, ATM withdrawal, and cash disbursements. Additionally, the company sells jewelry and gold bars, catering to customers looking to invest in valuable assets.
Palawan Group of Companies introduced PalawanPay, an e-wallet app that allows users to send and receive remittances anytime, anywhere. PalawanPay is the company’s latest digital solution, offering faster, safer, and more convenient transactions. In addition to remittances, the app provides access to other financial services, including bills payments, mobile load top-ups, and scan-to-pay QR Ph codes. The app also features integrated functionality for pawn renewal, purchasing jewelry and gold items, ProtekTODO personal insurance, and claiming international remittances.
Palawan Group of Companies is supervised by the Bangko Sentral ng Pilipinas.
For more information, go to Palawan Pawnshop and PalawanPay Websites.
