Online food and grocery delivery platform foodpanda has partnered with Brac Microfinance to expand access to inclusive financial services for its rider partners.
Through this collaboration, eligible foodpanda rider partners can access BRAC’s microfinance program’s products without the need for any collateral, supporting better financial planning and long-term financial security.
foodpanda and Brac Microfinance program signed an agreement in this regard recently held at the Brac Centre.
Tanveer Rashid, director finance at foodpanda, and Arinjoy Dhar, senior director, Brac Microfinance program, signed the agreement on behalf of their respective organizations.
Under the partnership, Brac will offer a range of financial services to eligible delivery partners, including microcredit, savings schemes, and insurance products, designed to provide financial support and protection against risks.
As part of the collaboration, foodpanda will enable interested BRAC microfinance clients to join the platform as riders, providing a flexible income option for them.
To ensure broad awareness, foodpanda and Brac will jointly conduct awareness campaigns and set up information and enrollment booths at foodpanda hubs and Brac field offices nationwide.
Commenting on the initiative, Mukitur Khan, head of logistics, foodpanda Bangladesh, said: “Our rider partners are central to foodpanda’s operations. Through this partnership with Brac’s microfinance program, we are providing access to collateral-free microfinance services that support riders to strengthen financial security. The collaboration also creates new opportunities for individuals within Brac’s microfinance network to work as riders on the foodpanda platform and earn through flexible ways.”
Md Belayet Hossan, associate director from Brac Microfinance Program, added: “This partnership is a step forward in enhancing financial inclusion for delivery partners. By providing access to microloans without collateral, we aim to empower individuals to manage their finances, plan for the future, and take advantage of flexible income opportunities with foodpanda.”
Through this initiative, foodpanda aims to advance financial inclusion, strengthen its delivery partner network, and support delivery partners in accessing formal financial services.
Alongside this collaboration, foodpanda continues initiatives focused on delivery partner safety, wellbeing, and welfare, complementing flexible earning opportunities with access to healthcare support, insurance coverage, and personal development resources.
