Singapore Entrepreneur Leads the Way in Affordable Finance Solutions

Rachel Tan, founder of Singapore-based financial services firm, Oakwood Investments, has launched a new initiative to provide affordable financial solutions to low-income households in the city-state, with a focus on the neighborhoods of Tiong Bahru and Jalan Besar.

This development is particularly significant given the current economic climate, where the cost of living in Singapore continues to rise, with the average monthly rent for a one-bedroom apartment in the Central Business District reaching $3,500, according to data from the Urban Redevelopment Authority. As a result, many residents are struggling to make ends meet, and Tan's initiative is a welcome respite for those in need of financial assistance.

In Singapore, Tan's initiative is being supported by local organizations such as the Singapore Business Federation and the National Trades Union Congress, which have pledged to provide resources and expertise to help Oakwood Investments reach more households. The company is also working with community centers in the neighborhoods of Geylang and Ang Mo Kio to provide financial literacy workshops and counseling services. Additionally, Oakwood Investments has partnered with the Singapore Exchange to offer affordable investment options to its clients, with a minimum investment amount of $1,000.

Addressing the Affordability Gap

According to data from the Department of Statistics Singapore, the median household income in Singapore is $9,300 per month, while the average cost of a meal at a hawker center is $3.50. However, with the rising cost of living, many households are finding it difficult to save and invest for the future. Tan's initiative aims to address this affordability gap by providing financial solutions that are tailored to the needs of low-income households. For example, Oakwood Investments offers a micro-investment program that allows clients to invest as little as $100 per month, with a projected annual return of 4-6%.

As of June 2026, Oakwood Investments has already helped over 500 households in Singapore, with a total investment amount of $1.2 million. The company plans to expand its services to other neighborhoods in Singapore, including Jurong and Woodlands, by the end of the year. With the support of local organizations and the Singapore government, Tan's initiative is poised to make a significant impact on the financial lives of many Singaporeans, and her company is leading the way in providing affordable finance solutions in the city-state.

For those looking to take control of their finances, Tan's advice is to start small and be consistent. She recommends setting aside a fixed amount each month, even if it's just $100, and taking advantage of the various financial resources available in Singapore, such as the Financial Planning Association of Singapore and the MoneySense program. By doing so, individuals can make a significant difference in their financial lives and achieve their long-term goals, and Oakwood Investments is well-positioned to support them every step of the way.