The Rural Electrification Financing Corporation (REFC) showcases its new product, the leasing service facility, with the Leyte V Electric Cooperative, Inc. (LEYECO V) as the first member investor to avail the lease of 2 units of Manlifts with 17 meters and 28 meters operating heights to ease their maintenance work for both distribution and transmission lines. “This is a new
The Southern Cotabato II Electric Cooperative, Inc. (SOCOTECO II) becomes the 102nd member-investor of the Rural Electrification Financing Corporation (REFC), the financial arm of the Philippine Electric Cooperatives (ECs), with an initial investment of Php5 Million. In its Board Resolution (BR) No. 73, Series of 2017, the SOCOTECO II Board cited the fact that most ECs countrywide are already member-investors
The Rural Electrification Financing Corporation (REFC) Board of Directors approved Php80.4 Million worth of loans applied by four (4) Electric Cooperatives (ECs) during its January 2018 regular board meeting. “As part of REFC’s commitment to the ECs’ progress, the Board approved the loans of four member-investors. It is our way of saying that we are starting this year 2018 with
The Siasi Island Electric Cooperative, Inc. (SIASELCO) becomes the 101 Electric Cooperative (EC) – Investor of the Rural Electrification Financing Corporation (REFC). The coop’s Board passed a Resolution (BR No. 26, S-2017) to make an initial investment into REFC amounting to Five Hundred Thousand Pesos (Php 500,000.00). “The REFC Board welcomes SIASELCO into its fold,” said REFC Board President Iglorio
The Cantigas Mini-Hydro Power Corporation, the subsidiary of Romblon Electric Cooperative, Inc. (ROMELCO) has reinvested another Php 1 Million into the Rural Electrification Financing Corporation (REFC). During the last Board Meeting on January ___, 2018, the REFC Board unanimously approved Cantingas’ additional subscription of Php 1 Million. “Our goal is make REFC the go-to entity for Electric Cooperatives and its
The Rural Electrification Financing Corporation (REFC) welcomes its 100th Electric Cooperative – Investor, the Camarines Sur III Electric Cooperative, Inc. (CASURECO III). The coop’s initial investment amounts to PhpFive Hundred Thousand Pesos (Php500,000.00) passed through a Board Resolution (BR No. 173, S-2017). “CASURECO III is under NEA’s program to help ailing coops, with Engr. Wilfredo Bucsit appointed as Project Supervisor/Acting
The availability of funds is an integral part of a financing firm as it caters to the needs of its clientele. The Rural Electrification Financing Corporation’s (REFC) Board of Directors, under the leadership of its President, Engr. Iglorio R. Hinayon, is cognizant of this fact so that it ensures that their very own corporation has the necessary funding to finance
Running an Electric Cooperative (EC) is not an easy task especially when your coverage area is in the typhoon zone of the country. This fact have been the mindset of the early incorporators of the Rural Electrification Financing Corporation (REFC) when they founded the entity which is to become the financing arm of the Philippine ECs. “Coming together for a
The Surigao del Sur II Electric Cooperative, Inc. (SURSECO II) Board of Directors passed a Board Resolution (BR No. 098, S-2017) approving the additional capital subscription into the Rural Electrification Financing Corporation (REFC) allocating the amount of Php5 Million for the purpose. The REFC Board unanimously approved the additional investment of SURSECO II during their Board Meeting last December 13,
The Board of Directors of Sulu Electric Cooperative, Inc. (SULECO) passed a resolution with BR No. 07, Series of 2017, authorizing Management to avail of a Commodity Loan from the Rural Electrification Financing Corporation (REFC) for the acquisition of a Thermal Imager thru REFC’s wholly owned subsidiary, the Rural Electrification Trading Corporation (RETC). The purpose of the acquisition of this