CashMart Philippines is a well known wholesale supplier of various consumer electronics items. The company was established in 2021 by a group of technical designers who were dissatisfied with the inadequacies of the market. These members formed a team and decided to enter a new market by starting an online store. The first of its kind, it began selling household electronic items and within a few months was making good profits. This made them decide to enter the clothing industry and launch a new website, one that would cater to the Filipino consumer. Their first venture did not pan out too well as they were not able to sell enough items to make a profit and were forced to open another outlet called the Beauty and The Beast outlet.

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The success of the cashmere site attracted many foreign investors who wanted to put their money in the country and this made things happen. With more than $70 million in capital, many foreign companies like LG, Samsung and others invested in the country which helped improve the economy. These loan providers saw the potential in the Philippines and made investments in the country. Over the years, cashmere Philippines has grown into one of the largest wholesale suppliers of electronic equipment in the world.

With the help of constant investments and expansion, the company is now offering various products including phones and appliances to both local and foreign customers. Being able to service the Philippines, it has gained a lot of popularity over here. It also provides its customers with a good salary loan facility. For Filipinos, they are known as “boy-boys” or “boys.” Because of the image they have in the local population of being uncaring about the poor living standards in the country, the government of the Philippines has tried to present a more positive image to the world community by allowing the entry of foreign investment which is seen as a blessing for the Filipinos.

Cashmart Philsophy: The growth of the retail market in the Philippines has led to increase in demand for almost every product. This is the same case with Cashmart Philippines. The company has expanded over time and its market reach extends beyond the metropolitan area of the country. This has caused an increase in the number of its outlets all over the country. Their goal was to provide their customers the best prices and quality products in terms of the latest brands and at the most competitive interest rates available in the market.

To cater to the increasing demand, there has been an increase in the application procedure, especially in the last few years. With the advent of the internet, most businesses in the Philippines have found the process of applying for a business credit easier and less time-consuming. In fact, an applicant may do it even while travelling across the globe. To make things easier, the company now offers three different types of accounts for different profiles: Regular, Business and Premium. Let us now take a closer look at these accounts.

Regular Cards: As the name suggests, the Regular card is offered to people who cannot meet the eligibility criteria of the Business account. To apply, you have to submit your bank statements, W2s, a photo ID and your Employer’s Address. Unlike the Business account, your application procedure is not subject to a review process or an approval timeline. You may only pay the minimum interest rates for the first six months after approval.

Business Cards: As the name implies, the Business card is targeted at those who are already doing business in the Philippines and who would like to increase their business exposure in the country. To apply, you will need your Employer’s Address and a valid credit card or debit card. Your application procedure is subject to a review process and only then, if approved, will you be issued a Business id number. Your approval will come with a maximum of six months later. After six months, your Business ID number will automatically become a reference number. So, if you wish to issue other cards, such as to your spouse or another employee, you can.

Seafarers and Filipino Employers: To simplify things for your Seafarers and Filipino Employers, the two parties can now get their respective cards from CashMart. They can use the same account, which they already have. This will save them time because all they need to do is just select the applicable card from a drop-down menu. This is just one of the many benefits that you enjoy with your Cash Mart Philsone.