Designed with women workers
For ride-hailing drivers, delivery workers, market vendors and self-employed women whose income may not fit conventional payslip-based assessment.
Inclusive green finance · Vietnam
A cleaner ride.
A resilient livelihood.
A financial identity.
côLoan connects women workers in Vietnam with licensed lenders and electric mobility partners—helping turn daily income into a productive asset, a credit history and a lower-emission way to earn a living.
EmPower II · Co-implemented by UN Women and UNEP
With support from the Governments of Germany, New Zealand, Sweden and Switzerland.
14.8Mwomen working outside the formal sector in Vietnam
292partner stores in Hanoi and Ho Chi Minh City
24months in the reference vehicle-finance journey
1M VNDcombined Green Rewards ceiling across two milestones
Workforce figure: Vietnam General Statistics Office (2023), based on 33.6 million informal workers in 2021, 44.1% of them women.
What is côLoan?
A community initiative,
not a lender.
côLoan is an impact-finance initiative within EmPower II. We connect women workers with licensed financial institutions, electric-vehicle manufacturers, mobility platforms and local stores.
We do not issue loans, set interest rates or make credit decisions. Participating lenders assess every application and determine approval, pricing and repayment terms. côLoan charges applicants no fee.
Why the initiative existsFinance linked to a livelihood
The vehicle is both a lower-emission mode of transport and a tool for earning, saving and building an asset.
A practical just transition
Climate action becomes more inclusive when workers can prepare early without bearing the full transition cost alone.
One connected journey
Three different roles.
One path to ownership.
Finance, vehicles and mobility work together around the woman using the vehicle to earn a living.
Connect
A woman completes one green-livelihood questionnaire. côLoan connects her application with a licensed lending partner; the lender assesses and decides.
Electrify
Vehicle and mobility partners make electric motorbikes available through a network of 292 partner stores in Hanoi and Ho Chi Minh City.
Build resilience
Daily income supports a working asset and a repayment history. Eligible on-time borrowers can receive Green Rewards at Month 2 and Month 13.
The operating-cost case
~25M VNDPotential fuel and maintenance savings over 24 months.
This figure is operating savings before loan repayments. Over the reference period, it can nearly offset the vehicle’s loan payments.
Evidence reference: ICCT (2023)*A reference instalment proposed by lending partners. The final amount is determined by the lender.
Total combined ceiling for eligible on-time borrowers across Month 2 and Month 13. This is a cash incentive, not an interest-rate reduction.
- No application fee from côLoan
- Licensed lenders make all credit decisions
- Final terms appear in the lender’s contract
Documented, not imagined
Reported after the October 2026 launch
- Tuổi TrẻFE Credit joins women in creating livelihoods
- VnExpressFE Credit opens access to green credit, creating livelihoods for women
- Báo Phụ nữ Việt NamFE Credit joins the CoLoan initiative, expanding financial solutions for women's livelihoods
- Hiệp hội Ngân hàng Việt Nam (VNBA)Shinhan Finance partners on an initiative helping women access electric vehicles and finance
Build the next chapter with us
Let’s make green livelihoods more accessible.
For institutional partnerships, lending, mobility, research or media enquiries, contact the côLoan team.