Union Bank approved a PhP30M credit facility for SEDPI Development Finance, Inc. SEDPI intends to use the funds to extend loans to microfinance institutions and social enterprises.
On January 27, 2016, Union Bank top executives welcomed the SEDPI team in a meeting held at the Union Bank headquarters in Ortigas Center, Pasig City.
“What you’re doing is unique.” Eugene Acevedo, Union Bank Senior Executive Vice President exclaimed after SEDPI’s CEO, Vincent Rapisura, formally presented SEDPI’s products and services. “We are happy to begin our long term relationship with you,” he added.
SEDPI’s Chairperson, Edwin Salonga, thanked Union Bank for trusting the organization.
Ms. Mae Basconcillo, Senior Relationship Manager, processed SEDPI’s application while Aaron James Ureña, Relationship Manager initiated and endorsed SEDPI’s application.