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During this time of COVID-19, people need funds for many different reasons. With regard to the recent salary loan applications that have been made through the Access platform, here is what we’ve learned so far:

  1. Salary loan applications for educational purposes have the highest amount at 30%
  2. Home renovation comes in next at 15%
  3. Business purposes comes in third at 10%

What we can gleam from this is that despite the limited sources of funding at this time, education is still a priority. As concern for our students’ safety has forced a shift from physical classrooms to virtual ones, people have had to invest more on better devices and internet service. But with limited income opportunities, parents have had to use alternative methods, such as bartering, in order to get the devices their children need to access online classes.

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Access

Access is a benefits platform focused on providing automated financial solutions to its corporate and community partners

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