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Aeon Financial offering tricycle loans in the Philippines

Financing by Japanese lender could help individuals escape poverty

TOKYO -- Aeon Financial Service began offering loans for buyers of motorized tricycles in the Philippines this month.

The Japanese lender is partnering with Global Mobility Service, a Japanese startup. They kicked off the service in central Manila, beginning with 40 tricycles. For this year, the duo plan to offer loans for up to 100 vehicles a month.

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