The company assured that it will postpone the payments of the installments of its loans with maturity between March 20 and April 19 inclusive
Ualá announced that, in order to collaborate with the economy and personal finances of its users in the context of COVID-19, it will postpone the payment of the installments of its loans with maturity between March 20 and April 19, inclusive for all those users who are up to date with their fees.
In this way, those who have loans granted whose maturity is in that range of dates, are postponed 30 consecutive days the collection of the installment, without charging interest.
“This measure represents a great effort for us, but we know that our users are also trying very hard to go through these days of uncertainty. The only way to overcome the impact of COVID-19 is by working each from the place they occupy. together “, explained Pierpaolo Barbieri, founder and CEO of Ualá.
The company launched its loan proposal in early 2019 for those users who showed the most activity within the app and over time expanded this number of people.
According to the World Bank’s Global Findex report, 37% of Argentines applied for a loan in 2017 and only 7% did so at a financial institution.