Philippine digital banking leader Maya Bank and Wefund Lending Corporation, through Lightning Financing Company, have established a P2.75 billion loan channeling deal to significantly expand access to financial services for underserved communities.
As a pioneer in digital financial services, Maya Bank is committed to transforming the economic landscape for Filipino consumers and micro, small, and medium-sized enterprises through innovative offerings like savings and deposits. The loan channeling initiative with WeFund extends Maya Bank’s mission to increase credit accessibility for the unbanked populations in the Philippines.
WeFund operates the JuanHand online lending platform, which has already disbursed over P21 Billion in loans, boasting a user base of over 7 million registered individuals. As it strives to cement its position as the country’s leading fintech cash lending app, JuanHand remains steadfast in its commitment to provide immediate assistance by approving and disbursing loans in less than 5 minutes.
This initiative between Maya Bank and WeFund sets the gold standard for a more inclusive and equitable financial landscape in the Philippines, advancing their goal of nurturing a financially empowered society.
Source: Loan Digest (loandigest.net)
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