Radiowealth Finance Company, Inc. is a finance
company whose primary purpose is to engage in consumer and
retail lending by providing accessible credit to livelihood
projects and to the micro-enterprise sector. It ranks among
the top 10 financing companies in the Philippines in terms
of both total assets and net income.
It has 65 branches strategically located nationwide covering
a total of 978 cities and municipalities. It has also served
over 100 thousand Filipino OFWs in Hong Kong through its subsidiary
RFC-HONGKONG, LTD. Since 1993.
Incorporated in May, 1964, it presently has a certificate
of authority to operate as a finance company from the Securities
and Exchange Commission granted on March 25, 1996.
Since its inception, Radiowealth Finance Company, Inc. has
established an extensive and gainful presence in the market.
It is an industry leader in terms of collection efficiency
on receivables. Its 82% average collection efficiency (with
some branches attaining 98%) attained through sound and responsive
credit management and its aggressive marketing efforts continue
to propel the company's advancement. Its low delinquency
ratio (non-performing loans ratio) of 6.8% of loan
portfolio vis a vis the banking and financing industry average
of 7.8% is a tribute to management expertise built around years
of experience in the industry.
Its thrust at micro-lending is exemplified by its average
loan size of Pesos 89,000 to more than 14,000 borrowers.
In 1995, a corporate restructuring came into effect wherein
the Guevara family, being the majority shareholders of Radiowealth
Finance Company, Inc., then listed with the Philippine Stock
Exchange, opted to sell the said listing of the company with
the provision however that the corporate name would be retained
by the Guevara family. Its track record in the business industry
as Radiowealth Finance Company, Inc. remained unaltered as
financing activities continued and expanded.
Radiowealth Finance Company, Inc. is a member of the Guevent
Group of Companies (GGC) which is the consummation of a single
man's pioneering life work, that of the visionary Domingo
M. Guevara. To date, majority and controlling ownership of
Radiowealth Finance Company, Inc. is held by the Guevara family
and affiliate/member companies.
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