How to invest money in the Philippines for the underbanked

The Philippine economy has been hit hard by the pandemic, but there are still opportunities for investors. The underbanked population, in particular, can benefit from investing their money. Here are a few tips on how to get started.

What to do before investing?

1. Set financial goals. Before you start investing, it's important to set some financial goals. What do you want to achieve with your investments? Do you want to save for retirement, a down payment on a house, or a child's education? Once you know your goals, you can start to develop a plan to reach them.
2. Do your research. There are many different investment options available, so it's important to do your research and choose the ones that are right for you. Consider your risk tolerance, investment horizon, and financial goals. You should also consider the fees associated with different investments.
3. Start small. If you're new to investing, it's a good idea to start small. You can gradually increase your investment amount as you become more comfortable with the process.
4. Stay disciplined. Investing is a long-term game. Don't get discouraged if you experience short-term losses. Stay disciplined and stick to your investment plan.

The underbanked population in the Philippines is a large and growing market. There are many different ways to reach this market, including through digital channels and mobile apps. You can start getting your money here to find the best suitable loans. The platform is available in English and Filipino, and it offers a variety of loan options, including personal loans, business loans, and housing loans.

By following these tips, you can start investing your money and reach your financial goals.

Here are some additional resources for underbanked investors in the Philippines:

• The Securities and Exchange Commission (SEC): The SEC is the government agency responsible for regulating the securities industry in the Philippines. The SEC website has a wealth of information on investing, including educational materials, investor alerts, and a list of registered investment firms.

• The Bangko Sentral ng Pilipinas (BSP): The BSP is the central bank of the Philippines. The BSP website has information on the Philippine economy, financial markets, and banking regulations.

• The Department of Trade and Industry (DTI): The DTI is the government agency responsible for promoting trade and industry in the Philippines. The DTI website has information on business registration, business loans, and other business resources.

Investing can be a great way to grow your money over time. However, it's important to remember that there is always some risk involved. Before you invest, it's important to understand the risks and to make sure that you're comfortable with them.