Kaya Na! with Cebuana Lhuillier Micro Savings

Mar 4, 2019 | Live, Only Berlin

Momi Berlin Says Kaya Na! with Cebuana Lhuillier Micro Savings

Kaya Na! with Cebuana Lhuillier Micro Savings

 

His dream is for every Filipino to have a savings account. This dream, though, maybe somehow intimidating for those who do their budget yet aren’t sure how much money will be coming in. The same idea may appear non-sense for those who buy anything they fancy and do the prioritizing and saving later in life – until it was too late.

The Two Filipinos

Let us first meet these two types of individuals.

There are Filipinos who have a job and a steady income, yet find it hard to save or worse, open a savings account. They seemingly end up always staring at the bottom of the barrel, broke and crawling to payday.

Such a situation may be a choice to live life to the fullest and enjoy all the resources they got. After all, they believe that life should be appreciated and enjoyed. So they opt to eat, drink, shop, and be merry. Saving isn’t yet an option until it was too late.

There are Filipinos, however, who are low wage workers, often no certainly when they will have work. They do extras in construction sites or luckily find someone who wants to have their clothes washed.

Such kind of individuals are those who try to make ends meet. They plan to save and wish to keep even a few pesos. Sadly, given their isang kahig isang tuka status, they can’t. But they strive and survive.

I am neither any of these individuals. I am a homemaker who does freelance work to at least save for my boys ‘ future. But like them, we don’t have a family savings account.

The Chance to Save

But all three of us are now given the equal opportunity to save and have access to banking services. That’s the dream of Jean Henri Lhuillier, president and Chief Executive Officer of Cebuana Lhuillier.

Kaya Na! with Cebuana Lhuillier Micro Savings

Kaya Na! with Cebuana Lhuillier Micro Savings

How can this dream be a reality and eventually benefit us?

Financial services firm Cebuana Lhuillier recently launched its micro savings account. This interest-bearing savings product will give depositors more convenient and affordable ways to save money. This goal is in line with the advocacy of the Bangko Sentral ng Pilipinas (BSP) to ensure financial inclusion in the country.

Through Cebuana Lhuillier Micro Savings, Filipinos are given the opportunity to save up to PHP50,000 using the 24K Cebuana card. To open an account, one needs to show one government ID. And for an initial minimum deposit of PHP50, he can now start banking with Cebuana Lhuillier Micro Savings. There are about 2,500 branches nationwide where he can do his bank transactions.

The Convenience to Save

To allow micro savings users check their balances and send money through remittance, Cebuana Lhuillier is yet to launch its eCebuana app. Through this app, one can also check his balance and send prepaid load and pay his bills by integrating it into his Cebuana Lhuillier Micro Savings account. How convenient is that!

As a homemaker who seldom leaves the house, the Cebuana Lhuillier Micro Savings is a total game changer. I, together with Filipinos who can’t find time to visit a bank are now given a chance to save. To those who opt to party hard after each paycheck, through this new program of Cebuana Lhuillier, they can allot even PHP50 per payday. That PHP50 is not at all too huge a sum of money to be deducted from their everyday gimmick. Likewise, those low wage workers can now save and tap their first Php50 until their wealth grows.

Kaya na! with Cebuana Lhuillier

What makes this Cebuana Lhuillier product an instant hit to me are:

  • No more high cost of initial deposit
  • No high maintaining balance
  • No high dormancy charges
  • No numerous documentary requirement
  • No distant banking

Finally, with the Cebuana Lhuillier Micro Savings, we can all say that #KayaNa. This product, by the way, is in line with the company’s mission of financial inclusion, the main thrust of the company for the past 30 years.

Kaya Na! with Cebuana Lhuillier Micro Savings

Kaya Na! with Cebuana Lhuillier Micro Savings

Now, how about going to your nearest Cebuana Lhuillier and inquire about their micro savings product?  You’ll thank me later when you take heed of my advice.

 

Momi Berlin Directory

Cebuana Lhuillier Facebook 

43 Comments

  1. Stacie

    This sounds like a great company. I always love to see institutions putting the customer first and not gouging them for more money.

    Reply
  2. Ma. Yvette Heart (@mayvetteheart)

    Thank you sis for sharing this. Timely that I want to open a separate savings account yet less hassle for me. These days kasi talagang convenient kapag online na. I will open na talaga very soon.

    Reply
  3. MARY GRACE ALINDAYU

    Very informative po…will go to Cebuana asap to open one. Thanks for this info Momi Berlin.

    Reply
  4. Stella Sesuca Velasco

    Wow guato ko ito,actually wla tlga ako savings account or any bank account dahil nga sa taas ng maintaning at initial deposit, ask ko lng how about the interest?

    Reply
  5. Lisa

    This is great for people in your country! It sounds like a good start to investing too.

    Reply
  6. Elizabeth Weitz

    What a creative and fun idea on saving money! I’ll have to check the app out!

    Reply
  7. Coombe Mill

    Building up a saving culture is so important for life planning. Sounds like a good scheme you have suggested here.

    Reply
  8. Brianna

    this seems really helpful for people looking to save money or invest! Great information here, thanks for sharing!

    Reply
  9. Ella Mae Villareal

    Yung hubby ko meron na din syang micro savings sa cebuana kaso 50php lang nahuhulog nya hehehe
    Alang pang hulog na malaki eh

    Reply
  10. Anafe Compoc

    Wow…my cebuana card na ako..laking bagay talaga na mababa lang initial deposit..atleast kayang kaya na ng lahat..hindi mabigat sa bulsa..laking tulong din in the near future lalo na pag emergency…Thanks momi nerlin for always sharing informative blogs lalong lalo na sa kagaya kung at home mom

    Reply
  11. Farhanna Kabalu

    Thank you for this Momi Berlin. will try it if I have time after office or on weekends ^_^

    Reply
  12. Jenny Ann Eisma Casintahan

    Thanks Momi Berlin…Planning this week to open an account

    Reply
  13. Chin Enriquez

    Been hearing about this lately. Feeling ko kasi kung anong pakulo nanaman ng Cebuana hehe kasi may one time nag pay-out ako sa kanila, sapilitan akong pinapakuha ng insurance. Di ako ako napilit kumuha pero yung time ko na nakatayo sa harap ng teller para tumanggi, nasayang. Hehe OFW ang mom ko at Cebuana ang remittance center namin for 14 years now. Will give this microsavings a try next time pagpunta sa Cebuana. Thanks momi Berlin!

    Reply
  14. jhaiiloves

    already have an account momsh! napaka ganda neto dahil anytime pede mag widraw and accomodating mga staffs nila kahit saang branch naka smile agad cla sau pagpasol mo hehe nakakagoodvibes!

    Reply
  15. Donna Ria Mahayag

    yes wala ng dahilan para di makapag ipon nito… buti very affordable price ang start magandang idea ito
    .

    Reply
  16. Michelle Namilit

    Mukhang ok ito since madalas ako mag bayad ng bills sa cebuana. Try ko rin mag hulog para savings. Para maiba naman hindi puro bayad at palabas ang pera. Dapat may ipon din. Thank you for sharing.

    Reply
  17. Ma.theresa Priela

    Marami talagang Pinoy ang walang Bank accnts kc may maintaining balance pa pag nag Open account . But in cebuana 1valid I’d lang then 50pesos that’s it may accnt kna. Secure na secure
    FB: Ma Theresa Priela

    Reply
  18. Yeah Lifestyle

    How great that he is trying to ensure that all people can have equal opportunity and access to savings. He sounds like a wonderful man.

    Reply
  19. Lyosha Varezhkina

    thanks for sharing! my family needs to start saving more money, we went on too hard on spurging money away lately

    Reply
  20. TheSuperMomLife

    I love finding new ways to save money. I’m not sure I’ve ever heard of this, or have anything like this locally.

    Reply
  21. Love Compoc

    thanks again Momsh, talked with the husband and will push on getting one to save up,kahit paunti unti dumadami din. What’s more exciting is si eldest dito ko din pag save-hin..Mas gusto niya kasi na siya mismo mag transact unlike sa bdo na papadala niya sa Papa to deposit kasi weekdays may pasok siya, convenient din kasi one tricycle ride lang. Masinop kasi anak ko kaya may savings siya talga.

    Reply
  22. Love Compoc

    Suki ng Cebuana for pawning as shared on sanla story , nagpapadala sa probinsya, at nagpapaload kay Cebuana kaya malaking tulong ang microsavings for me.

    Reply
  23. John Mulindi

    Saving money is one of the best way to achieve financial freedom, companies like this, can help one save better. Thanks.

    Reply
  24. bethpierce2013

    Sounds like they make it easy for anyone to save! What a great business profile!

    Reply
  25. Alexandra Cook

    Saving is really important especially for every family. Tehre are so many reason why we save and Glad that this company ihelp people with their fanances.

    Reply
  26. A Nation of Moms

    It’s good to know about how to save. Every little bit really counts when it comes to saving. Having kids can be tough as far as being able to save and provide for your family.

    Reply
  27. Sara Welch

    I wish they would teach kids the importance of finances while they are in school. It’s nice to see companies helping people save money to shape their lives!

    Reply
  28. sincerelymissj

    Saving money is super important. Glad that you have new options to save.

    Reply
  29. Jessica Encomienda

    Mas madali na to walng kahirap hira d tulad ng mga banko dmi kinuhuha req. Khit mg kanu kaya ang ihulog mommi?

    Reply
  30. veryerin

    Ahh there’s nothing sweeter than saving money! This sounds like a great company!

    Reply
  31. elizabethkeene

    Thank you for this!! Saving money is super important and it never hurts to have help!!

    Reply
  32. Kalyan Panja

    Looks like a nice and innovative service.

    Reply
  33. ChelseaMamma

    Saving money is vital in this day and age, sounds like a great company to be working with

    Reply
  34. Catherine

    So important and this sounds like a great company to help those take hold of their savings and finances.

    Reply
  35. dearmummyblog

    We need to save more and this sounds like a great savings account and company x

    Reply
  36. Emily

    Sounds like a great way to start saving, important for every family!

    Reply
  37. jun panagsagan Ace

    Jonna Cielo: Salamat sa Cebuana pwede na kong makapagipon at mas mapapanatag ako na sa safe kung san nakalagay ang iniipon ko.

    Reply
  38. munniofalltrades

    The micro savings account sounds like a great way to invest you money. I would love to know more about it!

    Reply
    • momiberlin

      Indeed such a great way to finally have that savings. Thanks for dropping by our site.

      Reply
  39. natalie

    Such an interesting post. I am terrible with money – I need to start saving a little better

    Reply
  40. Ma.Catherine Matugas

    Wow . Maganda pala talaga ang may savings . Makapag open nga rin soon para naman makaipon at lalo na kung mag aaral na si baby ..

    Reply
    • momiberlin

      Nakakaencourage magsave kapag Alam mo kayang kaya mo imeet yung minimum requirement.

      Reply

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Motherhood, as I live it, is a gift not everyone can appreciate until she learns to truly live it. More musings and realizations, fun discoveries, and mommy tips at Momi Berlin's blog.

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