Monthly Archives: July 2017

BISELCO’s Commodity Loan Approved

/ July 24, 2017/ 0 comments

The Rural Electrification Financing Corporation (REFC), as the financing alternative of the Electric Cooperatives (ECs), has approved the commodity loan application of the Busuanga Island Electric Cooperative, Inc. (BISELCO) for the acquisition of one unit boom truck amounting to Php8.5 Million. The coop has availed of the commodity loan through a Board Resolution submitted to REFC Management with BR No.

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NEECO I becomes REFC’s 95th EC-Investor

/ July 17, 2017/ 0 comments

With the numbers growing steadily, the Rural Electrification Financing Corporation (REFC) welcomes a new member Electric Cooperative (EC) – Investor, the Nueva Ecija I Electric Cooperative, Inc. (NEECO I).  The coop made an initial investment of 1,000 shares or Php 1,006,320 Million through a Board Resolution (BR No. 06-01-2017) passed by the NEECO I’s Board to the REFC. “NEECO I

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REFC Declares Dividends Anew

/ July 5, 2017/ 0 comments

The Board of Directors of the Rural Electrification Financing Corporation (REFC) announced its retained earnings for the 9th consecutive year and approved the declaration of dividends in the amount of Php12.067 Million from its 2016 operations per Board Resolution No. 05-03, Series of 2017. This remarkable feat will again enable the Corporation to give back to its Stockholders a return

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