Barugan Foundation is helping its microfinance clients towards financial freedom by giving technical and financial support for those interested to go into Reloading and Remittance Business.
Reloading business is one of the booming, yet low cost and easy start-up business, in the Philippines. All over the world, Philippines is ranked 12th place as one of the top countries with most mobile phones with 106,987,098 mobile phones according to 2013 data. Buying load is an everyday activity.
Another business opportunity arose from the fact that the Philippines is an archipelago. Sending money from one place to another is a challenge. This is specially true to far flung areas where banks and financial institutions are barely present. Microfinance clients of Barugan Foundation may now become Remittance Agents - a business venture that will provide additional source of income.
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