Utang is not just a simple financial transaction in the Philippines; it is a social contract that carries with it a sense of obligation and reciprocity. In Filipino culture, utang is seen as a way to build and maintain relationships, strengthen social bonds, and demonstrate trustworthiness. It is not uncommon for Filipinos to lend money […]
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Understanding the concept of utang in the Philippines requires delving into the cultural and historical factors that have shaped the country’s relationship with debt. In Filipino culture, utang is not merely a financial transaction but a social contract that goes beyond monetary obligations. One reason for the prominence of utang in Filipino society is the […]
When it comes to borrowing money or dealing with debts, it’s important to understand the local terminology used in different countries. In the Philippines, a loan or a debt is commonly referred to as “utang.” This term is widely used by Filipinos to describe any financial obligation that involves borrowing or owing money. The word […]