Home Business Microfinance Bank to finance foodpanda motorbikers

Microfinance Bank to finance foodpanda motorbikers

foodpanda partners with U Microfinance Bank to provide motorbike financing opportunities for its delivery riders.

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Finance
Finance

foodpanda has entered into a strategic partnership with U Microfinance Bank (U Bank) to finance foodpanda delivering riders.

Through this partnership, foodpanda riders will have access to relevant financing facilities to acquire motorbikes in easy monthly installments.

The Memorandum of Understanding (MoU) of this partnership was signed by Mariam Pervaiz, Chief Commercial Officer & Chief of Staff – U Microfinance Bank, and Muntaqa Peracha, Managing Director & CEO – foodpanda.

The signing ceremony was presided over by Kabeer Naqvi, President & CEO – U Microfinance Bank in the presence of senior management officials from both the collaborating organizations.

Commenting on the partnership, Muntaqa Peracha, Managing Director & CEO – foodpanda, said, “foodpanda is not just a delivery platform that provides sustainable income opportunity to its riders but also puts their welfare as a priority.”

With this partnership, U Microfinance Bank will be extending credit facilities and a host of other banking services to finance foodpanda riders.

“We are glad to be entering into this collaboration with foodpanda and hope this loan facility can assist people towards having better employment opportunities and decent, sustainable livelihoods for themselves,” he added.

 

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