Wednesday, December 08, 2021

Singapore-based financial firm offers flexible loans to MSMEs

MORE and more financial institutions are helping micro, small and medium enterprises (MSMEs) rebuild their businesses through flexible financing products.

One of them is Right Choice Finance Corp. (RCF), a provider of MSME and consumer loans that combines flexible financing products and innovative human resource software through its digital business platform.

RFC is a wholly owned subsidiary of Right Choice Capital Pte Ltd. headquartered in Singapore. It entered the Philippine market in 2016 in Manila. The company on Wednesday, Oct. 14, announced its expansion in Cebu.

According to RCF’s founder and managing director James Kodrowski, Cebu is a strategic location with businesses expected to quickly recover because of Cebuanos’ strong entrepreneurial spirit.

He said MSMEs in Cebu can now avail themselves of customized loan options to survive and even expand during these uncertain Covid-19 times.

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

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

While the global health crisis has slowed down the business momentum, the gradual reopening of the economy inspired financial institutions to tailor-fit their products to help more MSMEs get back on their feet.

“The environment has changed but all signs point to recovery as we get around this pandemic. We expect businesses to slowly come back,” he said. “The fundamentals have not changed.”

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.

Besides extending business loans, consumers can also 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. (KOC)


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