UnionBank makes InvestEd its Student Loan Partner

Bea Carag

InvestEd CEO Carmina Bayombong signs the partnership agreement on behalf of InvestEd Philippines while UnionBank SVP and Head of the fintech group, Arvie De Vera represents UnionBank
January 2020 — InvestEd partners with UnionBank through its FinTech Group.
The partnership — which was formalized early this year, is a result of years of collaboration between InvestEd and UnionBank in empowering the student loan industry in the country.

With this initiative, students applying for an InvestEd education loan now have the option of receiving their loan disbursements through UnionBank’s PlayEveryday app, on top of in-app perks and rewards.

It also widens the space for students and schools to succeed by increasing education financing opportunities of young Filipinos through student loans — adding value to UnionBank’s existing bank clients and partner schools.
InvestEd, a social enterprise servicing the education needs of the youth and future generations, shares UnionBank’s vision to “tech up various sectors” — most especially, the education sector.

The partnership is expected to bridge the gap in education financing and democratize access to quality education and employment through technological and financial solutions.

Be an InvestEd Partner

The education system in the Philippines now faces one of its biggest challenges. Collaboration and multi-sector partnerships are key to ensure that innovative and impactful solutions are continuously provided to address these socio-economic problems.

Since the start of the quarantines in March 2020, InvestEd has been working to ensure that students are protected during and after the pandemic.

Part of its COVID-19 emergency response has been to provide relief support to its Investees and offer emergency loans, online work/learning loans and crisis coaching to students and student aged groups.

Its most recent initiative is the Alliance for Future Frontliners — a platform for building a community of education financiers, incentive partners, schools and students to support students studying medical and medical-allied degree programs who will be the future frontliners of our society.

Help InvestEd secure our frontliners for a more prepared Philippines! Be part of the Alliance for Future Frontliners. Sign up today: https://bit.ly/AFF-SignUp