There’s no denying that due to its ease and accessibility, online transactions have been dominating the retail space. Many Filipinos find themselves scrolling through apps and purchasing necessities just by “Adding to cart”. In 2020 alone, a NielsenIQ study recorded that the country’s online shopping grew by a whopping 325%.
But buying was not the only booming activity, as many also put on their entrepreneur hats to create new income streams since the pandemic hit. Thousands of online stores were created across platforms, such as e-commerce giant Lazada. To date, there are over 100,000 monthly active sellers in Lazada alone, cementing its strong presence in the country’s ecommerce industry.
To support businesses and encourage economic growth, SB Finance Company, Inc. has partnered with Lazada to make multi-purpose loans of up to PHP 500,000 easily available to Filipino Lazada marketplace sellers. Through this partnership, Lazada micro and official sellers can avail of SB Finance’s multi-purpose loans through a hassle-free application and with a low introductory interest rate of 1.89%. Sellers may avail of up to 12 months installment and can expect funds to be credited to their accounts within three banking days.
What can you do with this multi-purpose loan?
