5 million savers

Five million Filipinos now have a Cebuana Lhuillier Micro Savings account. The landmark achievement by Cebuana Lhuillier Rural Bank, the banking unit of leading micro-financial services company Cebuana Lhuillier, comes after the launch of the leveled up Cebuana Lhuillier Micro Savings product in December 2020. Cebuana Lhuillier Micro Savings was launched in February 2019 as a basic deposit account that eliminated the need for numerous documentary requirements and maintaining balance or dormancy charges. The product was made available at Cebuana Lhuillier’s more than 2,500 branches as it acted as CLRB’s cash agent.