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Maya loan releases hit P47 B
The Philippine Star
|August 11, 2024
Maya Bank has provided a P47-billion loan to over a million borrowers as of endJune, with 59 percent of its client base taking a bank loan for the first time through the digital lender.
In a media release, Maya Bank said its total loan disbursements reached P47 billion since its launch in April 2022, expanding unsecured credit disbursement to borrowers.
“Maya revolutionized unsecured lending by creating an AI-driven credit scoring model that uses payments and other alternative data, allowing it to lend profitably with speed and at scale,” the bank said.
This story is from the August 11, 2024 edition of The Philippine Star.
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