Maya offers credit facility for micro-entrepreneurs

Maya, the Philippines' largest digital bank and fintech ecosystem, has unveiled a new credit facility aimed at micro-entrepreneurs in the informal sector, leveraging real-time transaction data to extend collateral-free credit to underserved market vendors and transport workers.

- Ehda M. Dagooc

Dubbed “Paleng-Kita,” the initiative is Maya’s latest move to deepen its reach into the country’s largely unbanked sector.

The program builds on the government-led “Paleng-QR Ph,” initiative spearheaded by the Bangko Sentral ng Pilipinas (BSP) and the Department of the Interior and Local Government (DILG), which promotes the use of QR Ph—the national QR code standard—for person-to-merchant payments.

“Millions of small vendors and drivers still operate outside the reach of formal credit,” said Shailesh Baidwan, Maya Group President and Maya Bank Co-Founder.

“By analyzing their cashless payment behavior, we are able to offer fair, accessible, and transparent credit products,” Baidwan stressed.