Addmore Power Lending is a micro-finance company which aims to provide financial assistance to micro and small enterprises in the Philippines. Through fast loan processing and fair lending systems, it aspires to be among the country’s top micro finance companies.
In a short span of one year since the company commenced operations in year 2012, it is currently one of the stronger emerging players in micro-finance industry. At present, the company has several accessible network sites operating in Angono, Antipolo, Binangonan, Bulacan, Cainta, Camanava, Cavite, Manila, Taytay and Quezon City;
The main target client of the corporation is the micro small entrepreneurs. Our business is to extend financial services that will enable them to grow their business. The corporation’s marketing strategy is to position itself as an accessible loan provider with excellent customer service backed by outstanding track record. In pursuing this, advertising tools such as catalogs and print advertisements are utilized. We aim to use the network of our good clients to refer us to potential clients as well. With these efforts, technology in processes and operation is adopted to maximize efficiency.
Basically, the product is pushed by Loan Officers. The loan officer scouts potential clients in their respective areas and conducts a credit investigation to determine the prospective clients’ capability to pay. After these preliminary steps, the loan officer will market the product to the prospective client. After filling out the Loan Application Form, the basic documentary requirement, the client will be required to submit proof of billing (ex. Meralco bill) and 2 valid IDs. Upon submission of the requirements, the loan officer will schedule the credit investigation proper. If the loan is granted, the LO will schedule the terms of payment for the client.
The company envisions “equal opportunities for all”. While bigger, established, and growing business entities have the capability to expand their trade, micro small entrepreneurs should similarly be presented the opportunity for commercial growth. Addmore Power Lending seeks to push EQUAL OPPORTUNITIES FOR ALL by providing financial services to micro small entrepreneurs thereby assisting them to be more self-sufficient.