Singapore-based lender floats P 1 billion loan funds
Ehda M. Dagooc (The Freeman) - October 16, 2020 - 12:00am

CEBU, Philippines — Singapore-based consumer and corporate loans provider has floated at least a billion pesos loanable portfolio following its Cebu office formal launching.

Right Choice Finance Corporation (RCF) is a provider of micro-small and medium enterprise (MSME) and consumer loans through its digital business platform that combines flexible financing products and innovative HR software. It is a wholly-owned subsidiary of Right Choice Capital Pte Ltd headquartered in Singapore.

In a virtual press conference, RCF’s Founder and Managing Director, James Kodrowski said the company’s entry to Cebu is meant to aid companies and workers alike, who are suffering financially from the effects of long months of lockdown.

Its latest product offering, the Human Resource Information System (HRIS), is a cloud-based software that allows companies to centralize and streamline their HR administration tasks in an automated experience that reduces manual labors.  It comes with a cash advance software bundle that lets employees apply and receive cash advance easily and quickly.

Loan amount depends on the capacity of the borrower to pay.

Considering the difficulty in navigating regular processes today, RCF presents a comprehensive solution and lending platform for MSMEs.

With its digital banking functionality, RCF clients can receive their funds within 24-48 hours after submission, evaluation, and approval.

Funds disbursement is through the RCF e-wallet that allows users to conveniently manage their funds, pay their bills, and transfer money online.

RCF’s digital platform and e-wallet services also enable them to provide unique investment options and competitive returns to clients.

RCF started its operations in Metro Manila in 2016 and has since spawned in nearby provinces in North and South Luzon.

Now, RCF is expanding its reach in the vibrant city of Cebu offering business solutions to local MSMEs to help them grow.

“Cebu is strategic. The business industry is expected to quickly recover considering the entrepreneurial spirit of Cebuanos and the location,” added Kodrowski.

MSME owners in Cebu can avail of customized loan options to survive and even expand during these uncertain Covid-19 times.

“RCF is a B2B company. To help Cebu businesses bounce back, we will be here to provide that vital support across all stages of MSME development,” explained Kodrowski.

Business loans are available to entrepreneurs to keep them going and growing during this difficult time. Meanwhile, consumers can apply for personal loans to fund their needs for housing, vehicle, education, and other endeavors.

“Our customers have expressed a delightful experience through flexible, fast, and seamless digital loan disbursement,” said Kodrowski.

Its Cebu office is located at Cebu Business Park.

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