A customer survey conducted by the international alternative lending holding Robocash Group in the Philippines has shown that 86% of its Filipino customers are currently saving money for different purposes. Remarkably, long-term plans are in priority for 73.8% of respondents. Thus, 32.8% save funds for a house, and 21.7% do it to pay for education. These are the most frequent answers.

At the same time, most respondents stated that online loans help to pay for daily needs (48.4%) including food, transport fare and other necessary expenses. Then, regular monthly bills (22.2%) for housing and utility services, rent, mobile and internet services, TV etc. follow.


Analysts of the company find that although these tendencies might seem mutually exclusive, they are closely related to each other. Small online loans serve as an efficient tool needed to cover a gap in a family budget on a short run. Most often, it helps to decrease troubles caused by the difference in salary dates and expenses schedule. At the same time, this tool doesn’t hurdle strategic financial planning. Saving money using a bank deposit or other tools means long-term money work. It may cause much higher expenses than the cost of a small amount of debt if to take those funds out of savings.

The findings on the structure of monthly expenses among Filipinos confirm it as the most frequent expenditures coincide with the common purpose of short-term online loans. For 36.7% of respondents, food takes the highest spending. The second place belongs to housing and utility services and rent (24.3%). These payments cause short-term gaps in a personal budget most often.
In total, the survey involved 677 customers of the company in the Philippines. 63% of them are older than 35 years. Remarkably, only 14% of the respondents do not save at all: 11.6% mention having insufficient income level as the main obstacle for it.

Robocash Group is an international financial group operating in the segments of consumer alternative lending and marketplace funding in Europe and Asia. The company develops robotic financial services providing lending to customers in Russia, Kazakhstan, Spain, the Philippines, Indonesia, Vietnam and India and operates the own EU-based p2p investment platform. The group develops products completely in-house using artificial intelligence, machine learning and data-driven technologies to provide precise and comprehensive risk management, comfort and speed for customers and efficiency for business.