Uber Nigeria and First-Bank have entered into a partnership that will offer financial assistance to cab drivers at low-interest and for used-vehicle loans.
The loan will be made available to top-rated driver-partners meaning that for the first time, Uber driver-partners in Nigeria will be able to apply for finance for used vehicles based on their driver performance records...
According to the General Manager for Uber in Nigeria, Ebi Atawodi, the used vehicle finance offering is the first of its kind to be made available to Uber driver partners in the country and this is in keeping with Uber’s stated commitment to constantly develop forward-thinking partnerships that benefit its driver partners.
“We are absolutely committed to making it as easy as possible for our driver-partners to start and maintain their own successful and profitable businesses and these used vehicle finance options make it possible for those with a demonstrable performance commitment to build sustainable businesses without incurring the high costs oftenassociated with new vehicle purchases.”
Atawodi said She explained that the move was set to create significant business growth opportunities for driver-partners by allowing them to access used-car finance
from First Bank of Nigeria Limited at a very competitive interest rate of just 20 percent per annum over a 24 month repayment period.
Atawodi emphasised that Uber’s commitment to helping its driver-partners build their businesses extends far beyond just making innovative vehicle finance available to them.
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