What is BDO Network Bank and How It Supports Small Business Owners

BDO Network Bank is a banking platform that offers a wide range of services to support small business owners. It's designed to help entrepreneurs and small business owners manage their finances efficiently.

One of the key features of BDO Network Bank is its ability to provide real-time account monitoring and management. This allows business owners to stay on top of their finances and make informed decisions about their business.

With BDO Network Bank, small business owners can access a variety of banking services, including cash management and online banking.

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BDO Network Bank is a subsidiary of BDO Unibank, Inc. (BDO). It was founded in 2004.

BDO Network Bank is based in Davao City, Philippines.

The company provides banking products and services, including loans, deposits, remittances, bill payments, and other banking services.

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BDO Network Bank is committed to supporting small business owners through its Kabuhayan Loan program. This loan allows micro-entrepreneurs to borrow up to P1M with a simple and fast application process.

The loan amount can range from P30,000.00 to P1M, making it accessible to many small business owners who need additional funds to grow their business.

BDO Network Bank's Kabuhayan Loan can be used for various business purposes, such as increasing inventory, purchasing business equipment and assets, and pursuing expansion plans.

To make the loan payment easy, BDO Network Bank offers affordable monthly installment terms.

For example, Arlene Gener, a former Overseas Filipino worker, used the Kabuhayan Loan to keep her rice retailing business going during the pandemic. She was able to buy additional stocks and increase her sales.

Here are some key features of the Kabuhayan Loan:

BDO Network Bank is a subsidiary of BDO Unibank, Inc. (BDO) and was founded in 2004.

It provides banking products and services, including loans, deposits, remittances, bill payments, and other banking services.

BDO Network Bank is based in Davao City, Philippines and focuses on reaching communities in need of financial products.

BDO Network Bank has a long history dating back to 1999 when it was established as a rural bank in the Philippines.

The bank was founded by the BDO Unibank, Inc., one of the largest banks in the country, with the goal of providing financial services to rural communities.

BDO Network Bank was created to cater to the banking needs of small towns and rural areas that were previously underserved by traditional banks.

It has since expanded its operations to cover over 200 branches across the country, making it one of the largest rural banks in the Philippines.

The bank offers a wide range of financial products and services, including deposit accounts, loans, and remittance services.

BDO Network Bank's commitment to serving rural communities has made it a trusted and reliable banking partner for many Filipinos living in these areas.

With its extensive network of branches and experienced staff, the bank has been able to provide financial inclusion to many rural communities that were previously excluded from the formal banking system.

At BDO Network Bank, our mission is to provide innovative financial solutions that empower individuals and businesses to achieve their goals, with a focus on building long-term relationships and trust with our clients.

We strive to be a leading bank in the industry, known for our commitment to excellence and our dedication to making a positive impact in the communities we serve.

Our vision is to be a bank that is synonymous with reliability, security, and exceptional customer service, where every interaction is a positive one.

We aim to make banking easier and more accessible for everyone, with a wide range of products and services that cater to diverse needs and preferences.

By staying true to our values and continuously innovating, we aim to be a bank that our clients love and trust.

BDO Network Bank has been around since 2004, founded as a subsidiary of BDO Unibank, Inc. (BDO).

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It's based in Davao City, Philippines, and offers a range of banking products and services, including loans, deposits, remittances, bill payments, and more.

The bank has been expanding its reach, with a notable expansion in Casiguran, Aurora, where it provided micro-businesses with access to more financial resources after the pandemic and Super Typhoon Karding caused significant damage.

BDO Network Bank's Kabuhayan Loan or MSME loan is a game-changer for micro-enterpreneurs, offering funding ranging from P30,000 to P500,000 without collateral.

BDO Network Bank has been expanding its reach in remote areas like Casiguran, Aurora, to provide financial resources to micro-businesses.

The expansion has provided micro-businesses in the area an opportunity to bounce back after coping with the effects of the pandemic and Super Typhoon Karding.

BDO Network Bank president Jesus Antonio “Tonet” S. Itchon explains that the community bank plays a crucial role in the recovery of micro-businesses in Casiguran.

MSMEs in Casiguran were able to save and ensure the safety of their monthly income through BDONB Savings Account/Current Account.

The presence of BDONB has also enabled micro-entrepreneurs to easily access cash for their daily operating expenses like payment for rental fees, utilities, and even the salaries of their employees.

BDO Network Bank opens branches in remote areas like Casiguran to reach and offer financial products to communities who need it most.

BDO Network Bank Kabuhayan Loan or MSME loan is a financial solution for micro-enterprenuers in need of extra funding for the recovery and growth of their businesses.

Micro-entrepreneurs may apply for a loan ranging from P30,000 to P500,000 without collateral.

Payment is made easy and affordable with its 12 to 24 monthly installment terms.

Mercedita Morillo’s sari-sari store is now back in its pre-pandemic state through the help of BDO Network Bank Kabuhayan Loan.

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BDO is expanding its reach to underserved markets, recognizing the untapped potential in these areas.

The network bank's focus on these markets is driven by the fact that 70% of the population in the Philippines lives outside of Metro Manila, presenting a vast and untapped market.

BDO is well-positioned to serve these markets with its extensive network of branches and ATMs, which now totals over 1,600 locations nationwide.

This expansion is crucial for BDO's growth strategy, as it aims to increase its market share in the country's rural areas.

By catering to the needs of these underserved markets, BDO is poised to become a more inclusive and diverse financial institution.