Report Published: "Consumer Lending in the Philippines"
The Philippine economy recorded a nearly 8% GDP improvement in the first quarter of 2013. This growth can be attributed to a steady inflow of remittances from overseas Filipino workers, upbeat consumer and business sentiment, the strong performances of the manufacturing and construction sectors, and continuous government and consumer spending. With much optimism, Filipinos from various social classes were enticed to take out loans to assist them in purchasing their first homes and vehicles,...
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