For those who’d like everything in small packages, here are
some “little bundle” tips that can help you avoid the word “budol”
Not everyone can afford to buy in bulk. Spend all luxe. And
loan in max-out fashion.
For the ordinary "misis", “sky is limited.”
These days, even micro-financing companies acknowledge this “tingi” (in Filipino speak this refers to buying things in small packages) philosophy, when shoppers and loaners get only a “minimum”, and balk at making purchases in big spend fashion.
They are the “wais loaners”. If you’re one of them, you
probably know by this time that:
Most digital wallets available these days, which have
spawned the digital transformation in the new normal, have been offering micro-loans to their customers.
Name your microloan and they have it—from 2,000-5,000
without documents needed. However, there are sparkling differences to micro
loan services that you have to know before jumping in:
MICRO LOANS NOT JUST FROM DIGITAL WALLETS OR MOBILE SERVICE
COMPANIES ARE FOR SHORT-TERM LOANS ONLY. THAT MEANS YOU CANNOT FOREGO THE SCHEDULE
OF PAYMENT, UNLIKE THAT OF CREDIT CARDS, WHERE THERE USED TO BE FLEXIBILITY IN
PAYMENT TERMS AND SCHEDULES.
MICROLOANS HAVE THAT CHARACTERISTIC OF IMMEDIACY. If your
need for a microloan is A.S.A.P, (as soon as possible), you also have to know
that in terms of debt collection, microloans do not follow the schedule to the
dot. Sometimes, microloan providers follow up on payments way in advance of
the deadline and ask you VIA MOBILE APP
AND TEXT PROMPTS to fill up your e-wallets when your load is down.
MICRO-LOANS, JUST LIKE THE NAME SUGGESTS, ARE NOT FOR THE BIG
SPENDER BUT FOR THE THRIFTERS. If you have a need for big-time loans, a microloan from your favorite digital services and micro-financing company may not do
the right product for you.
SO MISIS THRIFTER, PUT A BREAK INTO YOUR PEDAL AND HAVE A
HOLD OF YOUR DIGITAL WALLETS, even if the age of digital transformation has come.
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