E-trike loan

MANILA, Philippines - BPI Globe BanKO, the first mobile-based, microfinance-focused savings bank in the country, has entered into a tripartite agreement with the local government of Malay, Aklan and Gerweiss Motors Corp. to grant the country’s first-ever electric tricycle (e-trike) loan to help local drivers and operators in Boracay to purchase their e-tricycles that will spur continued business growth in the island. The e-trike project is considered as the best solution to replace Boracay’s 536 fuel-powered tricycles with environment-friendly e-trikes in compliance with the local government’s vision of making Boracay as the first major tourist destination in the world to become an ‘e-trike island.’ In photo are BPI Globe BanKO head John Rubio (left) and Malay Aklan Mayor John Yap beside one of the e-trikes granted to a local driver in Boracay.