EFI doubles loan releases to SMEs

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Philippine-based Esquire Financing, Inc (EFI), aims to double its loan releases to small and medium enterprises (SMEs) this year as it beefs up operations in the country. EFI is a financing firm established in March 2011 that extends financial assistance to SMEs. It has lent to about 1,500 SMEs in the Philippines. Last year, total loan releases of the company grew 171.83% to P3.86 billion last year from 2011, while the number of approved loans climbed by 89.21% to 4,649.

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