FundSpace Teams Up With RFC To Reach Underserved MSMEs

FundSpace, a loan aggregator operating under Globe’s 917Ventures, has forged a partnership with Radiowealth Financing Company (RFC), an established non-bank financial institution.

FundSpace's platform simplifies the loan application process, allowing applicants to conveniently select their preferred loan and financial partner for a seamless application experience. I Photo: FundSpace

This collaboration aims to introduce new financing options, including chattel mortgage and real estate loans, to small and medium-sized enterprises (MSMEs). The joint initiative seeks to broaden access to financial services for underserved local businesses, opening up new avenues for entrepreneurs to secure financing.

Through this partnership, SMEs can now access loans offered by RFC through FundSpace, ranging from PHP300,000 to PHP5,000,000, with terms spanning from 3 to 36 months and interest rates of 1.92% for Chattel Mortgages and 2.25% for Real Estate Mortgages.

Auto and Medical loans are also available.

FundSpace's platform simplifies the loan application process, allowing applicants to conveniently select their preferred loan and financial partner for a seamless application experience.

This collaboration comes at a significant moment for RFC as it commemorates its 60th anniversary and seeks to expand its offerings in the Philippine financing market.

Donald Francis Chiong, President and CEO of RFC, remarked, “Despite our long history, we have only reached a small segment of the market in need of small loan financing, such as tricycle drivers, sari-sari stores, and market vendors. This year, we are aggressively pursuing that.”

He added, “We are very honored and privileged to partner with such a distinguished company [Globe Group], which has an excellent reputation for its nationwide reach.”

Specializing in micro-financing, RFC caters to the underserved market—a segment often overlooked by traditional financial institutions, particularly banks. Its mission is to connect with and create more opportunities for underprivileged Filipinos.

On the other hand, FundSpace collaborates with reputable financing institutions like RFC to present a diverse range of financing options tailored to the needs of various companies, advancing its objective of enhancing access to capital for SMEs.

Martin Luchangco, FundSpace Entrepreneur-in-Residence, stated, “Our partnership with RFC represents a significant step for FundSpace and the Filipino SME sector. By adding RFC’s loan products to our platform, we aim to boost more business growth and foster further financial inclusion.”

Eligible applicants, including Filipino citizens aged 21 and above with at least one year of business operation, can visit https://fundspace.ph/ to initiate the application process with RFC.

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