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
Engr. Thomas L. Villaflor, the Chief Operating Officer of the Rural Electrification Financing Corporation (REFC) and General Manager of its subsidiary, the Rural Electrification Trading Corporation (RETC), represented the Corporations during the annual convention of the Philippine Rural Electric Cooperatives Association (PHILRECA) held in SMX Bacolod last August 30-31, 2017. Engr. Villaflor welcomed the 14 new EC-investors of REFC for
The newly constituted Board of Directors after the Annual Stockholders’ Meeting of the Rural Electrification Financing Corporation (REFC) has started its 2017-2018 term with the approval of the loan applications of four (4) Electric Cooperatives (ECs) in the total amount of Php89.11 Million. In its first Board Meeting held last August 29, 2017, the new Board of Directors spearheaded by
The Rural Electrification Financing Corporation (REFC) held its 17th Annual Stockholders Meeting (ASM) last August 7, 2017 at the Chardonnay by Astoria in Pasig City. NEA Administrator Edgardo R. Masongsong graced the occasion as the keynote speaker, wherein he challenged the REFC Board of Directors and its Electric Cooperative (EC) Stockholders to foster the operation and efficiency of the electric
Ninety-seven (97) coops now comprise the membership of the Rural Electrification Financing Corporation (REFC), or 82% of the total 120 Philippine Electric Cooperatives (ECs). The recent member-investors are the Bohol II Electric Cooperative, Inc. (BOHECO II) with an investment of 1000 shares into REFC capital, and the Batanes Electric Cooperative, Inc. (BATANELCO) infusing 500 shares. The REFC Board unanimously approved
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.
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