Empowering Employees with Financial Wisdom

As the summer break approaches for primary and secondary school students, WiLoan, a division of the regional digital payments platform WiPay, is making waves by introducing loans accompanied by essential financial guidance. This move aligns perfectly with the period when family budgets often stretch, offering a timely financial lifeline.

A Corporate Collaboration

WiLoan has strategically collaborated with union partners NATUC and SWWTU to bring financial empowerment directly to the workplace. Recent sessions included employees from state-owned entities such as Point Lisas Industrial Port Development Corporation (Plipdeco), as well as National Flour Mills (NFM), the Port Authority, and Angostura. These engagements aim to provide on-the-spot, pre-approved loans coupled with financial education.

Equipping Employees with Financial Acumen

The roadshow initiative, as highlighted by WiLoan Services Ltd CEO Mr. Lyron Marlow, is designed to make finance education accessible. During these workplace events, employees receive practical advice on responsible borrowing, debt management, and understanding interest and repayment terms. This guidance streamlines access to necessary funds while promoting sound financial decisions.

Expansion on the Horizon

With an eye toward the future, WiLoan seeks to expand its “Credit Where You Work” Roadshow, reaching more industries and underserved employee groups. As stated in Trinidad Guardian, this initiative reinforces WiLoan’s commitment to financial empowerment, aligning with their mission to provide convenient short-term credit solutions across the Caribbean.

A Growing Force in Financial Inclusion

Founded in 2020 in partnership with WiPay and NATUC, WiLoan is at the forefront of addressing the island’s digital payment hurdles, offering credit solutions to salaried workers. With loans ranging from \(5,000 to \)50,000, the company continues to foster financial inclusion. Since its inception, WiPay has been instrumental in revolutionizing digital transactions in the Caribbean.

Incorporating financial literacy into lending practices not only aids immediate fiscal needs but also plants seeds for long-term financial health, making WiLoan’s initiative a noteworthy development in employee welfare.