Who among Filipinos hadn’t experience borrowing money from a family member, a friend, a moneylender, a “Bombay,” or a bank? Even businessmen borrow money, let alone those who work at a minimum wage each day. “Utang” is a part of Filipino culture prominent enough to have caught the attention of Pres. Rodrigo Duterte.
With the worsening traffic in Metro Manila, having a car to those who live in nearby areas yet work in the capital is now a necessity. We used to think cars are only for the rich, yet in recent years it has been made more attainable with the use of affordable car loans.
Applying for a personal loan has been easier now that Filipinos have various options where to get loans and which loans should best fit their needs. However, although there are laws and regulations to prevent opportunists from taking advantage of Pinoys’ financial needs there are still a lot of loan sharks lurking around to get an easy prey.
Pinoys commuting to work have to deal with the sluggish flow of traffic everyday sitting beside fellow commuters wet with sweat and enveloped with a not so happy aura. Every day is a struggle, and when it rains you are still expected to report to work like it is a normal day, just like your boss. The difference is, your boss has a car.
Despite many women consider themselves as the modern working Filipinas, many are still choosing to leave their careers to take care of their families. Though it is true that expenses does not come cheaper, and will not in the near future, many still think that taking care of children requires full time attention.
