Business World

Lawmaker calls on Grab to support drivers’ car loan struggle

- Espedido Genshen

A LAWMAKER has called on the management of Grab Philippine­s to make proper representa­tions with car dealership­s and auto-loan companies to forego amortizati­on collection during the months covered by the enhanced community quarantine (ECQ) and suspend all foreclosur­es for their partnerdri­vers.

“Nakikiusap po ako sa Grab na bigyan ng kalinga itong kanilang mga driverpart­ners. Marami sa kanila ngayon ang problemado na maaaring mabawi ang kanilang mga sasakyan dahil hindi nila ma-update ang payment sa kanilang mga loans. Kung maaari ay makipagusa­p ang Grab sa ating mga bangko at sa mga car dealers para matigil muna pansamanta­la ang kanilang paniningil at huwag munang ilitin ang mga sasakyan kapag hindi sila nakapagbay­ad,” Puwersa ng Bayang Atleta (PBA) Rep. Jericho Jonas B. Nograles said in a statement Sunday.

The lawmaker said that many of Grab's 60,000 or more driver-partners are still paying monthly amortizati­ons and their sole source of income is by being a transport network vehicle service (TNVS) provider.

As such, Mr. Nograles recommende­d that Grab could offer to pay in advance or underwrite the unpaid loans of the driver-partners who are now left without any livelihood because of the coronaviru­s disease 2019 (COVID-19) pandemic.

Apart from making representa­tions to ensure that their vehicles are not repossesse­d, Mr. Nograles added that Grab should also extend financial assistance with zero interest to their driverand partners to ensure that that they can get by during the duration of the ECQ.

“It is just right that Grab should share the risk of their driver-partners. Itinaya nila ang kanilang life-savings upang maging Grab drivers kaya sana naman tumaya rin ang Grab para sa kanila. Napakarami sa kanila ngayon ang nangangani­b na tuluyan nang mawawalan ng kabuhayan dahil maaaring bawiin ng mga bangko ang kanilang mga ipinanghah­anapbuhay na mga sasakyan,” he said.

The lawmaker noted that saving their driver-partners from foreclosur­es would be a “wise business decision” as this would ensure that Grab will continue to have enough TNVS operators when the ECQ is lifted and the COVID -19 crisis is over.

"Grab is making tons of money because of the commission that they get from their driver-partners. Therefore it is to their best interest if they can ensure that all their driver-partners will still have their vehicles after this crisis is over," Mr. Nograles said. —

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