KasamaKA bags award for Asia Responsible Enterprise Awards 2018

KasamaKA, the financial inclusion program of FINTQnologies Corp.’s, was recognized as one of the winners from 11 Asian countries for the Social Empowerment Category at the recently held Asia Responsible Enterprise Awards 2018 (AREA 2018). FINTQ, the financial technology arm of PLDT's Voyager Innovations, is the first and only technology firm from Southeast Asia to receive an award for this category.

KasamaKA is a grassroots-based, self-help, bottom-up digital-enabled social intervention to accelerate financial literacy and inclusive growth. It champions sachet financial services for unbanked and underserved Filipinos through platforms and services for digital lending and microinsurance. With partners, it will also make available microsavings, microinvestments, alternative credit scoring, eKYC, and a farm-to-marketplace digital agricultural value chain platform called Accelerated Growth and Rural Inclusion or AGRI.

“KasamaKA is our solution to address the two biggest barriers to inclusion - low financial literacy among Filipinos and lack of convenient and affordable access to financial services,” said Lito Villanueva, FINTQ Managing Director and KasamaKA Founder and Lead Convenor.“The financial inclusion program is in line with the goal of FINTQ and Voyager Innovations to build a critical mass of 30 million Filipinos included in the formal financial system by 2020,” he added.

KasamaKA’s approach to financial inclusion is to promulgate financial literacy among Filipinos not primarily through sit-down trainings, but through an innovative digital referral community income builder program.

Becoming part of KasamaKA is easy. One can become a member and get rewards by simply texting KKK to 29292 or by registering at www.kasamaka.com to start referring friends, families. “It is growing financial inclusion starting from very personal and community grassroots level,” Villanueva explained.

AREA 2018, organized by Enterprise Asia, recognizes and honors Asian businesses for championing sustainable and responsible entrepreneurship. It is Asia’s leading award for responsible entrepreneurship. Judging, composed of an international panel, was based on innovation, social impact, and sustainability.