Our local partner in the Philippines
Filipino companies that stimulate the local economy can apply for loans from the financial institution NPFC. Our partner NPFC holds a license as “Lending Company” and is regulated by the local Securities and Exchange Commission.
Co-founder Jose Rico Coligado has more than 16 years of experience in the world of SME finance. He was a portfolio manager for 12 years, managing a $20 million microfinance portfolio that was run by the Filipino government.
- Full nameNegosong Pinoy Finance Corporation
- Head officeManila
- Founded in2011
- Active on Lendahandsince June 2013
Financial indicators June 30, 2016
- Number of SMEs in loan portfolio559
- Total assets€ 8,757,331
- Leverage ratio19.93%
- Loan portfolio€ 4,422,600
- Write-off ratio last 12 months1.81%
- % loan amount in arrears (>90 days)1.02%
- % loan amount in arrears (>180 days)3.71%
About the Philippines
A total of 90 million people live in the Philippines. The majority of the population is Roman Catholic. The country has an area of 300,000 square kilometers. Manila is the capital of the country, however Quezon is the largest city in the Philippines.
The most important pillars of the economy are services and industrial activities. Philippines' economy has had stable growth since 2012, with an average of more than 5% per year. Due to the high domestic consumption, low dependence on exports and a large income from remittances from the millions of Filipino workers overseas, the Philippine economy is stable. The strategic location of the Philippines in the ASEAN region, makes it a gateway to a market of 500 million people.