RCBC unit supports microentrepreneurs

MANILA, Philippines — A unit of Yuchengco-led Rizal Commercial Banking Corp. continues to build a financially inclusive community through microfinance.

Rizal Microbank president Raymundo Roxas talked about providing credit to microentrepreneurs, specifically in the agricultural sector, and how their successes have impacted the thrift bank over the years in creating a financially literate and inclusive community.

Roxas was one of the invited panelists who tackled the different models of financing against movable assets, in the recently held 7th FIDN Conference hosted by the Department of Finance.

The APEC Financial Infrastructure Development Network promotes the development of effective credit information systems and secured transactions that allow the use of movable assets as collaterals.

This year’s conference focused on creating market developing movable asset finance system for financial inclusion and regional integration.