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RAFI Micro-finance branch in Tagbilaran City
Tagbilaran City Mayor John Geesnell “Baba” Yap (right) cuts the ribbon to formally open the Ramon Aboitiz Foundation Inc. (RAFI) Micro-finance branch in his city. With him are (left to right) RAFI Micro-finance & Entrepreneurship executive director Ma. Theresa Catipay and RAFI chief operating officer Dominica Chua. The new branch is intended to help provide a stable and rewarding livelihood to mothers in Tagbilaran.

RAFI Micro-finance opens five more branches to cater to more nanays

By Ramon Aboitiz Foundation Inc.
August 23, 2015

CEBU CITY – To serve more client nanays, the Ramon Aboitiz Foundation Inc. (RAFI) Micro-finance has opened five more branches in Bohol, Cebu, and Leyte, bringing the total number of branches to 23.

Last June 25, it inaugurated its Tagbilaran City, Bohol branch, which is located at Door 2, Seaview Apartment, CPG East, Bool District; followed by the opening of its Square One Commercial Complex, Tipolo, Mandaue City, Cebu branch on June 29; the Travelers Inn, Valladolid, Carcar City, Cebu branch on July 2; the Proper Damolog, Sogod, Cebu branch on August 4; and the Taft Street, Central 1, Poblacion, Palompon, Leyte branch on August 20.

“True to RAFI’s promise of elevating lives, RAFI Micro-finance has committed to provide responsive and value-based micro-finance services to the communities, especially to poor entrepreneurs,” said Jonar Dorado, head of the RAFI Micro-finance Business Development Unit, on the opening of the Tagbilaran branch.

“We are currently serving over 46,000 families in the provinces of Cebu, Bohol, and Leyte, and determined to reach out to 120,000 families in the next three years, by expanding our operations through the opening of branches within and beyond the areas we currently cover,” he said.

RAFI Micro-finance aims to provide capital to nanay business entrepreneurs and to those wanting to establish their own small economic ventures as a way to empower them as co-pillars of their respective families. Aside from loans, it also provides micro-insurance seminars, business trainings, consultancy, medical missions, and other services.

Hazel Guille, one of those who attended the Carcar branch opening, was ecstatic that RAFI Micro-finance already has a branch near her.

“Nalipay kaayo ko ug nagpasalamat nga aduna nay branch nga duol diri sa Carcar kay sa una muadto pa ko sa Argao branch," she said.

RAFI Micro-finance is a program under the Micro-finance & Entrepreneurship focus area of RAFI. It provides financial resources and know-how to women micro-entrepreneurs to nurture financial independence and entrepreneurship. Other focus areas of RAFI are Integrated Development, Culture & Heritage, Leadership & Citizenship, and Education.