FEATURE: FINANCIAL SERVICES their financial well-being and we’ re excited to continue expanding our reach throughout Latin America.”
R2 offers cash loans for urgent expenses such as vehicle repairs and daily essentials through the inDrive app. inDrive supplies borrower data such as ride frequency and monthly earnings to support R2 in credit assessment. R2 then handles KYC, scoring and loan terms.
Drivers benefit from a fully integrated application and repayment system inside the app. Monthly payment plans typically span six months, with less than 10 % of ride earnings automatically allocated to repayments. There are no fixed daily payments, allowing flexibility if drivers need to pause or reduce activity.
inDrive. Money is currently available in nine cities across Peru: Lima, Arequipa, Trujillo, Piura, Chaclacayo, Ayacucho, Nazca, Yunguyo and Pisco, with more to follow.
Alexander Karpin, Head of Product, inDrive. Money www. intelligentcio. com INTELLIGENTCIO LATAM 37