@isthisthingon
I need to clarify my facts.
Globe is the company which iphone sign exclusive contract for in PH.
Prices are for latest model of iphone. I have ruffly converted to $$$
If you buy the phone out and out with no contract but locked to a globe sim ~$800-900
If I sign up for a ~$50 a month plan ~$250-300
If I sign up for ~$100 a month plan "free".
But here is the shit kiker regardless fone is locked to use globe.
Globe is very good in manila and other major cities, but in rural areas sucks shit.
SMART is more pricey but offers service in 99.9% of PH.
If you are a heavy texter, with globe for $0.50 unlimited texts per day.
For SMART $0.50 200 texts.
There are other smaller providers but they are of no consequence.
So for like ~$100 a month if I went prepaid I could talk almost constantly

Asia is a fuked up place. There are tons of "poor" people. But there are tons of people who do pretty good.
About credit.
My wife's cousin, just finished Uni last year. She just bought a brand new car.
She only makes ~$600 a month. I think $300 a month goes to car payment, the company she works for subsidizes with $100 a month.
There are quite a few people like that here. Again it comes down to disposable income.
She lives at home (she will live there till she get married) and children that live at home are not expected to contribute to the house.
So basically her $600+ she can do with what she pleases.
Also the company subsidizes, so that way it ties her to the company.
"credit" is very expensive here because of instability.
If there is gossip about an attempted coup is going to go down, gov't contractors will attempt to sell some of debt for the contracts.
For a gov't contract they do not pay for 6 months usually. In some cases they will discount thier paper for as much as 30%+.
So if you buy $700 you can get $1K in 6 months or less.
But risk is very great. It depends on the contractor. If the person who take over is an enemy of contractor, contractor will be possibly prosecuted for corruption and all his paper will be worthless.
Also filipino are very suspicous of "paper". So often u have to pay contracts in cash.