World Partners Finance Corporation

World Partners Finance Corporation

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Insurance Pay-Out to Deceased Borrower's next of kin

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WPFC cares!  In a rare break from its usual routine, WPFC gave money instead of lending it out.  
 
A not-too-well known aspect of the company’s lending program is the credit life facility.  This is availed of by every borrower to assure both the creditor and the borrower from the risk of loan default in case of untimely death or disability.  Since the loan is fully secured up to the maturity value, the creditor is assured of full payment.  As a gesture of goodwill, and in giving due importance to the borrower, all payments are reimbursed and given to the next of kin, in case of his demise.  Such an arrangement is beneficial to both parties, and has helped countless WPFC borrowers from worrying unnecessarily.
 


(Photo shows Mr. Nelson German, father of Sherwin V. German, receiving the check in the amount of P12,969.00, representing payments he made in his salary loan.  The younger German unfortunately died of acute respiratory distress syndrome.  Also shown is Mr. Ricky Vinluan, Credit & Collection Manager and Ms. Elena Concepcion, Treasury Supervisor.)


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