Digital bank Maya has launched Paleng-Kita, a credit program aimed at providing collateral-free loans to market vendors and public transport drivers.
The initiative ties credit access to users’ digital payment activity through QR Ph and the Maya app, allowing micro-entrepreneurs to build a transaction history that supports loan eligibility.
The program operates under the broader Paleng-QR Ph initiative, in partnership with the Bangko Sentral ng Pilipinas, DILG, LGUs, and financial service providers.
Maya uses an AI-driven credit scoring system to assess applicants based on their payment behavior rather than traditional credit checks.
Qualified borrowers can access initial credit lines of PHP3,000 through the Maya Advance product.
Source: PhilNews24 | May 10, 2025
MAYA ROLLS OUT CREDIT PROGRAM FOR SMALL VENDORS AND TRANSPORT WORKERS
Latest from Business
Energy Secretary Sharon Garin warned that diesel prices in Metro Manila may reach P115 per liter
Digital wallet giant GCash has blocked over 3,200 merchants linked to illegal activities, including online gambling,
The Petroleum Association of the Philippines (PAP) is urging power companies to prioritize the use of
Grab Philippines and its motorcycle taxi subsidiary Move It have launched a multi-layered support program to
After divesting from its unprofitable US operations, Del Monte Pacific Ltd. (DMPL) is focusing on strengthening