Global Dominion expands financing access for Pasig entrepreneurs

Insider Spotlight

• Global Dominion Financing is expanding its outreach to micro-entrepreneurs and transport workers in Pasig City who face barriers to formal credit
• Its GLOW program supports women entrepreneurs through financing and business guidance, while Ka-Partner Academy provides financial and business education
• Collateral-based loans offer business owners and transport workers access to capital for expansion, equipment and other operating needs
  
  
  
  

Access to formal financing remains a challenge for Filipino micro-entrepreneurs and transport workers, particularly those without sufficient collateral, established credit histories or regular income.

Global Dominion Financing Inc. is seeking to address these barriers through its GLOW and Ka-Partner Academy programs, which it presented at the first Pasig City Micro Finance Summit organized by the city's Local Economic Development and Investment Office.

Small businesses account for a significant share of Philippine employment but often struggle to secure financing from traditional lenders.

Global Dominion head of business development Mark Billante cited 2023 Philippine Statistics Authority data showing that micro, small and medium enterprises (MSMEs) represent 99.63 percent of business establishments and provide more than 6.35 million jobs, equivalent to nearly 67 percent of employment.

Collateral-based financing 

The company's GLOW, or Giving Limitless Opportunities to Women, provides financing and business guidance to women entrepreneurs.

Ka-Partner Academy, meanwhile, offers practical financial and business education to individuals seeking to develop their enterprises. Both programs provide learning opportunities even to non-borrowers.

Global Dominion also offers collateral-based financing, including Sangla OR/CR, which allows vehicle owners to secure loans using their official receipt and certificate of registration while retaining use of their vehicles.

The arrangement is particularly relevant to transport workers who depend on their vehicles for daily income.

Consistent profitability

“When we help a small business grow, we also protect the jobs and incomes of the families who depend on it,” Global Dominion head of business development Mark Billante said in a press statement.

Beyond financing: During the summit, entrepreneurs were encouraged to separate personal and business finances, maintain updated records and assess consistent profitability before expanding.

Global Dominion plans to strengthen its engagement with local entrepreneurs and transport workers through partnerships and community outreach.

“Global Dominion has always seen itself as a partner in the growth of Filipino entrepreneurs, and we look forward to working with more of Pasig’s business owners and transport workers,” Global Dominion president and CEO Samuel Cariño said. —Vanessa Hidalgo | Ed: Corrie S. Narisma