New REFC Board approves loan applications of Four (4) ECs

/ September 25, 2017/ 0 comments

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

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REFC’s 17th Annual Stockholders Meeting graced by NEA Administrator

/ August 14, 2017/ 0 comments

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

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/ August 6, 2017/ 0 comments

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

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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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REFC extends loans to 4 Electric Cooperatives (ECs) worth Php30.2 Million

/ June 17, 2017/ 0 comments

The Board of Directors of the Rural Electrification Financing Corporation (REFC), spearheaded by its President, Engr. Gabriel Tordesillas, approved the loan applications of four (4) member-ECs during its Board meeting last May 25, 2017. The loan recipients are: Central Pangasinan Electric Cooperative, Inc., (CENPELCO); Isabela I Electric Cooperative, Inc. (ISELCO I); Nueva Vizcaya Electric Cooperative, Inc. (NUVELCO); and, Camarines Norte

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SOLECO and PRESCO infuse more capital into REFC

/ June 9, 2017/ 0 comments

The Rural Electrification Financing Corporation (REFC) is intensifying its capital build-up by showcasing to the Electric Cooperatives (ECs) the advantage of being member-investors. And with a positive response from the ECs, REFC now has few remaining shares available for subscription from its approved capitalization of Php 700 Million. Two member-ECs recently infused more capital into REFC, namely: the Southern Leyte

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REFC Approves CAPELCO Php10.7 Million Loan

/ April 30, 2017/ 0 comments

True to its commitment, REFC continues to provide financial loan packages to its borrowing Investor-ECs through simplified documentary and procedural requirements. Recently, the REFC Board during its regular meeting on March 30, 2017 unanimously approved the Capiz Electric Cooperative, Inc. (CAPELCO) commodity loan for its acquisition of a Telescopic Boom Crane and 4 units of Lineman Utility Vehicle (RETC-LUV-I) amounting

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/ April 11, 2017/ 0 comments

The Samar I Electric Cooperative, Inc. (SAMELCO I) became the 94th EC member-investor of the Rural Electrification Financing Corporation with its issuance of  Board Resolution No. 10-S-2017, dated 15 February 2017, subscribing 1,000 shares of stock into REFC’s Capital . This makes all Eleven (11) ECs of Region VIII namely; LEYECO I, LEYECO II, LEYECO III, LEYECO IV, LEYECO V,

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