Before even leaving the Philippines, almost all OFWs already owe significant sums to pay expensive employment agency and processing fees. With no access to regular banking services abroad, they take on more loans with private lending agencies and enter into a spiral of debt. It becomes increasingly difficult to save any part of their earnings. What they envision as a temporary contract overseas often turns into decades away from their families.
The mission of Pacific Ace Finance is to empower Overseas Filipino Workers with responsible access to microcredit. All loan applicants undergo rigorous and continuous briefings on fiscal responsibility. Our mandate is to empower our customers with needed financing and discourage any unnecessary debt.