When the nation’s leading truck solutions company and the most trusted non-bank financing institution decide to work together, the Filipino entrepreneur wins.
Trucks leaving a warehouse or a business before dawn head to a wet market three provinces away or to other small businesses that need construction supplies to build bigger stores or better services-this quiet scene has mobilized the economy for decades.
Without commercial vehicles, businesses, especially micro, small and medium enterprises (MSMEs), cannot be activated, as we’ve seen clearly during the pandemic community quarantine episodes in 2020 and 2021. And commercial vehicles do not move without financing.
Filipino-built companies, Global Dominion and Autokid, shake hands to further expand their partnership to cater to business owners’ and aspiring entrepreneurs’ growing need for better trucking and truck financing solutions.
‘The country needs more institutions helping each other to help more MSMEs,’ said Kevin Mchale Yao, Autokid’s chief executive officer (CEO). Yao believes that their partnership with Global Dominion bolsters Autokid in its mission to empower enterprises to achieve greater heights.
The roots of Autokid lie in the shared vision of partners Yao, Marvin Tiu Lim, and Eric Lim. By pivoting their extensive expertise in digital pre-owned vehicle trading to the commercial sector, they built a venture that anticipated the national logistics surge long before it peaked.
The story of Global Dominion is one of strategic inclusivity. As a non-bank financing entity, it flourished into a network of over 170 branches by championing the very borrowers traditional lenders often ignored-dynamic MSMEs, nascent fleet managers and visionary entrepreneurs whose drive far outweighed their formal documentation.
Aside from truck financing, the company also offers real estate financing, car financing, doctors’ loan, and vehicle and real estate mortgage loans. Its partnership with Autokid will facilitate faster truck financing service and wider quality options for aspiring truck owners.
‘We’re not only aligned in our mission of helping more Filipinos, we also share the same intensity in wanting to make that happen,’ said Samuel Cariño, Global Dominion president and CEO.
‘We have one customer who, from starting with one truck, expanded his logistics business managing twenty-plus trucks years after,’ Cariño added.
Global Dominion has financed more than 800 trucks year-to-date, equaling more than 300 million pesos in disbursements, which triggers a multiplier effect on the economy-more equipped and empowered Filipino entrepreneurs.
From financing brand-new and used trucks to refinancing or offering truck mortgage loans to MSMEs, the financing company has been igniting and accelerating growth among people and organizations to transform lives for the better.
In this partnership, Autokid handles the supply of trucks while Filipinos can connect to Global Dominion for their truck financing needs.
The combined footprint of both organizations extends truck financing to more people nationwide with speed and simplicity. They both know and understand the importance of a good cash flow and funded expansion plans for the MSMEs in the country.