Grab launches cash loan program for drivers, riders, delivery-partners

Grab Philippines has launched its Buhay Asenso Cash Loan, a financing program for Grab drivers, delivery-partners, and MOVE IT rider-partners.

According to Grab, the cash loan program is geared to be a practical safety net, offering quick access to funds and monthly add-on benefits that will help keep partners on the road. 

"Accessible financing is central to a thriving gig economy. Gig workers, such as our driver-, rider-, and delivery-partners, deserve reliable lifelines for urgent needs and long-term goals — from healthcare expenses and tuition to small-business ventures," Grab Philippines Vice President for Cities and Grab Financial Group Country Head CJ Lacsican said in a press release issued Tuesday.

"When financing is within reach and responsibly delivered, partners become more financially resilient and are empowered to invest in their future," he added.

The program coverage spans vehicle-maintenance discounts to basic health consultations for drivers and their families. Credit is accessible through a mobile-first application, with the crediting process in the driver apps used daily by Grab and MOVE IT partners.

Aside from financial aid, the program seeks to promote financial, physical, dental, mental, and vehicle wellness for Grab driver-partners, GrabFood delivery-partners, and MOVE IT rider-partners.

Grab said the Buhay Asenso Cash Loan groups monthly perks into three tracks delivered via rotating monthly in-app offers, including:

• Pangkabuhayan: Discounts on car maintenance and oil changes through partners Rapide and SeaOil
• Pampamilya: Everyday savings via GrabMart vouchers and tuition-fee discounts under NBS College's own program
• Pangkalusugan: Free consultations at any Healthway clinic

— VDV, GMA Integrated News