CashBean Unites in Battle Against COVID-19, Expands CSR Support to Over 50,000 Indians
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– Contribution of 1 million INR to the PM Cares fund
– Donate essential hygiene items to more than 50,000 Indians
– CashBean management and employees across India meet and contribute to PM Cares fund
NEW DELHI, May 6, 2020 / PRNewswire / – The whole world is in unknown waters and facing unprecedented times. The coronavirus (COVID-19) is present almost everywhere, and India is no exception. These are difficult times for everyone and everyone is doing everything possible to provide service to the community.
Committed to supporting India’s fight against the COVID-19 pandemic, CashBean, one of the leading microcredit applications, in collaboration with the IN-DEED Foundation, today announced a series of initiatives to support and empower Indians in these difficult times.
To ensure Indians are fully equipped, safe and motivated to fight COVID-19, the company provides food and hygiene items such as disinfectants, liquid soaps, cotton masks and other household cleaning products to more than 50,000 Indians. In addition, CashBean donates INR 1 million to the PM CARES fund, thus strengthening its commitment to local communities.
Commenting on this effort, Ms. Ilica Chauhan, Vice President, Compliance and Partnerships, PC Financial Services Private Limited said, “At CashBean, we have always been committed to supporting communities in times of need through our accessible microcredit app. time, we want to make sure families across India can have food on their tables and first-hand sanitation to stay healthy and safe while the COVID-19 outbreak lasts. Chauhan continued, “We are also extremely grateful to everyone who works at CashBean as the management and employees enthusiastically came together and contributed to the PM CARES fund to put a smile on the face of over 50,000 Indians.”
CashBean’s NGO partner for this business, the IN-DEED foundation will support the purchase of food packages, packaging and distribution in India.
Mr. Vikram Rajola, President of the IN-DEED Foundation said: “We are delighted that CashBean has taken on the fight against the novel coronavirus to prevent it from escalating into a pandemic by contributing wholeheartedly to the IN-DEED Foundation . Through our volunteers and network of partners, we will strive to help those who need our help most, such as essential service providers, vendors and small traders, police and sanitation workers, between others, as well as people residing in overcrowded slums and resettlement settlements. With CashBean, we are constantly working to make sure we support and empower people in these uncertain times. “
In these unprecedented times, the community needed more than financial assistance, especially to care for the hungry and poor, who were most affected by confinement without access to food. Ms Anjali Agarwal, Human Resources Manager, PC Financial Services Private Limited volunteered and worked with the NGO “Robin Hood Army” to serve hungry citizens and facilitate food for the hungry and poor of Gurugram and the poor. surrounding communities. Hunger is a crisis that affects so many people and CashBean is proud to partner with “Robin Hood Army” and will continue to work to make a difference for the poor.
In addition to this, CashBean, as the responsible company for the country, has taken note of the situation resulting from the COVID-19 pandemic and has voluntarily decided to waive late penalties on late payments from March 1 to May 31. 2020. The company also provides its customers with a moratorium until May 31, 2020 in accordance with RBI guidelines.
CashBean applauds the concerted efforts of the Indian government as well as concerned state governments to fight COVID-19. With this contribution, CashBean is actively participating in supporting these efforts and strengthening its commitment to ensuring the well-being of people across India during difficult times.
Moving forward, CashBean aims to continue to support and protect communities in the times to come, as needed.
PC Financial Services Private Limited’s loan product CashBean is a fast growing microcredit application in India trusted by millions of customers across the country. As of April 2020, CashBean had received over 6,000,000 reviews on the Google Play Store, with an average rating above four stars. This reflects that customers using CashBean are satisfied with the app and the prompt services provided during their urgent financial needs. Present in the market for over a year, CashBean has positioned itself as a popular microcredit application in the country. However, as a new service, CashBean is open to all kinds of feedback and is constantly listening to its users with the aim of giving them the best possible experience whenever they need a loan.
About PC Financial Services
PC Financial Services Private Limited is committed to India and our services are clearly aimed at fulfilling the aspirations and dreams of millions of our Indian clients. Our seriousness and commitment to India is reflected in the high investment the company has made in the form of FDI and our contribution is aimed at boosting employment, as we have recruited over 4,000 people across the India. REP