Saturday, July 01, 2006
Enterprise Bank launches micro housing loans in DC
A PROGRESSIVE rural bank, which has its beginnings in the rustic town of Liangga, Surigao del Sur, launched its highly successful micro pabahay (housing) loans in the Davao Region during an appropriate program at Garden Oases in Barrio Obrero, Davao City Friday.
The three-decade old banking company is Enterprise Bank Inc., which now has 11 branches in various parts of Mindanao with 25,000 satisfied clients and depositors.
Enterprise is headed by Ronald E. Alvizo as president, a young lawyer-banker who said that the micro housing loan is aimed at improving the living conditions of micro entrepreneurs and making their homes livable, sanitary and secure.
The launching was graced with the presence of ranking officials of the Development Bank of the Philippines (DBP) and the Housing and Urban Development Coordinating Council (HUDCC) who spoke about the loan program. Present were Ed Jimenez, consultant of the Development of Poor-Urban Communities Sector Project (DPUCSP)-DBP; Eufemia C. Mendoza, DBP senior vice president; and Ronald Fontanillas, HUDCC director.
During the launch, Alvizo said, the bank released pabahay loans to the first batch of Davao clients.
The bank will open today its Davao branch office at GGO Summit Bldg at Bajada, Davao City, near the Social Security System (SSS) regional branch. (AMA)
(July 1, 2006 issue)
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