Serial entrepreneur from Singapore James Kodrowski, saw that that there is a $35Bn opportunity in Philippines for alternative financing companies. A lot of individuals and businesses in Philippines are not served by traditional banks due to either lack of collateral or absence of credit history. In 2016 the Right Choice Finance was founded.
The company offers salary loans, which are secured by the employer, hence the default rate is very low. Given that the Filipino work force is growing rapidly due to the population expansion, there are more opportunities for Right Choice Finance in the near future. Besides that, the debt levels of private individuals are very low in Philippines – just 9% of GDP.

-Typical customers: Male and female employed citizens;
-Over 90% are returning customers;
-The rejection rate below 1%, as all loans are guaranteed by employer;
-Competitive rates for customers;
-Current portfolio Is approximately SGD$ 5m;
-Annual revenue stands at around SGD$ 1m.