{
  "id": 6302073,
  "title": "Citi, DEG extend over P1.5 billion to OnePuhunan",
  "url": "https://urgent.news/2026/09/08/citi-deg-extend-over-p1-5-billion-to-onepuhunan",
  "topic": "business",
  "section": "Business",
  "published": "2026-09-08T16:00:00.000Z",
  "source": {
    "name": "Philippine Star Business",
    "slug": "philippine-star-business",
    "url": "https://www.philstar.com/business/2026/09/09/2554891/citi-deg-extend-over-p15-billion-onepuhunan"
  },
  "original_language": "en",
  "account": "Microfinance lender OnePuhunan has secured over P1.5 billion in funding from Citi and the German development finance institution DEG to expand lending opportunities for Filipino women entrepreneurs. The financing will bolster OnePuhunan's microfinance portfolio, which aims to enhance business productivity and income for women borrowers. Citi directly contributed more than P300 million and facilitated an additional P1.2 billion provided by DEG, marking DEG's inaugural debt transaction in the Philippine financial inclusion sector.\n\nOnePuhunan's president and CEO, Daniele Rovere, expressed gratitude for the support from Citi and DEG, stating that the funding will aid in the company's expansion and digitalization efforts. Rovere emphasized the company's commitment to serving more Filipinos with accessible financial solutions that create lasting value in their lives. As of 2025, OnePuhunan had a gross loan portfolio exceeding P10 billion and served more than 600,000 borrowers through 315 branches across 16 regions in the Philippines.\n\nJorge Rubio Nava, Citi's global head of social finance, highlighted the partnership's potential to empower women entrepreneurs and contribute to their communities. Nava emphasized that the initiative aligns with Citi's mission to foster sustainable and economically vibrant communities.",
  "summary": "Microfinance lender OnePuhunan has secured more than P1.5 billion from Citi and German development finance institution DEG to expand lending to Filipino women entrepreneurs.",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}