Consumer finance company SB Finance Corp. has partnered with Lazada to provide Filipino marketplace sellers with multi-purpose loans of up to P500,000 to help grow their businesses and encourage continued economic growth amid the pandemic. In a statement on Monday, SB Finance said that under the partnership, Lazada micro and official sellers can avail of SB Finance's multi-purpose loans through a hassle-free application and low interest rate of 1.89 percent. Through our partnership with Lazada, we hope to help sellers gain more access to capital to grow their business and bounce back from the economic effects of the pandemic," SB Finance President and Chief Executive Officer Abbie Casanova said. "Through this partnership with SB Finance, we're happy that we are able to provide our sellers access to multi-purpose loans that help them finance their online business. SB Finance, meanwhile, is a joint venture between Security Bank Corp. and Thailand's Bank of Ayudhya (Krungsri).

Source: Manila Times June 29, 2021 17:26 UTC