Maging sa sports o negosyo, solid partnership ang kailangan — Hidilyn Diaz
As an athlete, 2020 Olympic gold medalist Hidilyn Diaz knows how important it is to have an effective team that guides her, especially in an individual sport like weightlifting. During the fight, Hidilyn had no one to lean on but herself. But his coaches and trainers also give a lot of help in his preparation for competitions.
In the field of entrepreneurship, Hidilyn’s approach is similar. Among the rewards Hidilyn received from several Philippine corporations when she won Olympic gold were business franchises such as the two outlets of the Chick ‘N Juicy chicken rotisserie franchise. One outlet is in Eastwood, Quezon City while the other is in Hidilyn’s hometown in Zamboanga.
She admitted that it is important to have a partner bank with the ability and good track record to help micro, small and medium entrepreneurs (MSMEs) like her. One of these is the partner bank extension of loans that MSMEs can use to expand their business.
“Naalala ko yung sinabi ng teacher ko sa entrepreneurship noon, na okay lang na mag-loan sa bangko para sa business (I remember what my entrepreneurship teacher said back then, that it’s okay to take out a bank loan for business),” Hidilyn said. “Let’s not be afraid to take out a bank loan to expand our business, instead of using the money we have saved for it. At least we can get something out in an emergency.”
Aside from her business franchises, Hidilyn also wants to have a Hidilyn Diaz Weightlifting Academy and build a cafe.
“I’m hoping to do this, we really need funding for this business,” he added. “It’s important to have a good partner bank that will guide you through their loans as well as the important business advice they provide.”
One is BDO Network Bank which enthusiastically guides MSMEs in their business in the province. With the help of BDO Network Bank’s Kabuhayan Loan, MSMEs can use the funds to expand their business.
This is what Aling Merlinda Coronado, an MSME and BDO Network Bank client from Nagcarlan, Laguna. With the help of Livelihood Loan, purchased additional stocks Aling Merlinda for her business, and trucks and jeepneys for her delivery.
Currently, Aling has 15 employees Merlinda who relies on her business to support their families.
Also includes Ernesto Abad who used the proceeds of Asset Loan for expanding their respective business.
Because of the lockdown caused by the pandemic, quite a bit Ernesto was forced to close their store in the market. But with the help of Kabuhayan Loan, I was able to buy more additional merchandise Ernesto and he continued their business is promoted.
BDO Network Bank is an active partner of MSMEs for their business expansion. To avail of the Kabuhayan Loan, the borrower must have an existing business for the last three years.
For more information on Kabuhayan Loan and other BDO Network Bank products and services, visit BDO Network Bank’s official website or its official Facebook page.