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Research Manuscript: General Mathematics

This document summarizes a research manuscript about a lending company called Radiowealth Finance that offers loans to OFWs and their families. It provides background on Radiowealth Finance and profiles an OFW named Mary Grace Lacson-Tabanao who worked in hotels in Dubai and Seychelles. It also lists questions for the company and OFW about the challenges and benefits of their work. Finally, it outlines the loan products and requirements at Radiowealth Finance and analyzes Mary Grace's capacity to cover family expenses with her income while sending money back to her son in the Philippines.

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Inigo Parungao
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23 views

Research Manuscript: General Mathematics

This document summarizes a research manuscript about a lending company called Radiowealth Finance that offers loans to OFWs and their families. It provides background on Radiowealth Finance and profiles an OFW named Mary Grace Lacson-Tabanao who worked in hotels in Dubai and Seychelles. It also lists questions for the company and OFW about the challenges and benefits of their work. Finally, it outlines the loan products and requirements at Radiowealth Finance and analyzes Mary Grace's capacity to cover family expenses with her income while sending money back to her son in the Philippines.

Uploaded by

Inigo Parungao
Copyright
© © All Rights Reserved
Available Formats
Download as PDF, TXT or read online on Scribd
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Research Manuscript

General Mathematics

Submitted to:
Mr. Crispin Mogol
Submitted by:
• Bhenz Mharl Bartolome
• Danrick Macatanong
• John Allen Fortuna
• Joanna Rose Villasan
• Larry Angelo Gavieres
• Iñigo Parungao
• Adrianne Cuevas
• Maricar Sumagay
• Erica Erames

Lending Company to OFW’s Family


Radiowealth Finance | Lacson-Tabanao Family
Radiowealth Finance Background

Established in 1964 and one of country’s pillar and the first company to offer
car and appliance loans to its clients. It is founded by Domingo Guevara. In
1993, The Securities and Exchange Commission granted Radiowealth the
authority to operate as a finance company. And today, Filipinos can now easily
access products and services of RFC through 126 branches and 86 business
centers nationwide.

OFW Profile (Mary Grace Lacson-Tabanao)

I left year 2005 to work in Dubai till 2010. I did at least 3 opening hotels in
Dubai including the Atlantis the Palm Hotel with 1500 rooms. I moved to
Seychells in 2010 to be part of an opening hotel “The Constance Ephelia”, I
stayed till 2012. I went back to the Philippines after two years and worked
locally for Marriott Manila as Assistant Manager. After a year I permanently
moved to Australia as a permanent resident last 2013 and now living as a
citizen of Australia.

Statement of the Problem

Questions for the company:

1. What are the advantages of having this kind of company?

2. Is it hard to sustain this kind of business? Why?


Questions for the OFW:

1. How hard is it to be an OFW? Did it get easier?

2. What are the benefits of being an OFW?

3. Is it hard for you to have an OFW mother? (Question for the OFW’s son)

Company Investment/Offers:

• Financing Loans that help the clients in paying expenses which includes:
o Vehicle Loans
o Appliance Loans
o Machineries and Heavy Equipment
o Medical Equipment
o Special Equipment
• Multi-Purpose Loans that is giving the clients help for emergency or extra
money which includes:
o Education Loan
o Vehicle Downpayment Loan
o Salary Loan
o Vehicle Upgrade and Modification
o Professional Loan
o Lessor’s Loan
o OFW Loans
o OFW Family Loans
• Business Loans that can support you in business which includes:
o SME Working Capital Loan
o Store Inventory Loan
o Auto Dealer’s Loan
Requirements:
• 2 Valid I.D.
• 2x2 Picture
• Marriage certificate(if married)
• Barangay Clearance(with RFC loan purpose)
• Barangay Permit
• Proof of Billing(water/electric)
• Picture of residence
• Picture of business

OFW’s Family Capacity

​Mrs. Mary Grace Lacson-Tabanao’s monthly income is enough to cover all


the expenses for their living in along her family with the help of her husband also
having a job. Also, she also sends money to her first son who is currently living in
the Philippines. And the estimated expenses of 20,000php per month are calculated
and are covered with the help Mrs. Mary Grace’s income.
Picture of the Company

Picture of the Family


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