Right Choice Capital

171

Loans funded

67

Loans listed

0

Defaulted loans

13.26%

Average NAR

buy back is enabled

BuyBack Guarantee

Loan type

Grupeer rating

Grupeer rating

Country

Founded
2018
Joined Grupeer
2019
Registration number
201804395K
Employees
10
Address
1003 Bukit Merah Central, #05-25, Singapore 159836
Currency
EUR
Term of Loans
11-12 mo.
Skin in the game i
5%
Pledge of assets
No
Loans funded
€4738482.98

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.