Makati Finance Corporation (MFIN) was incorporated in 1966 as Makati Investment and Finance Corporation. MFIN's commercial operations started with engaging in stock dealership functions, credit line extensions, and acceptance of private placements. In mid-2000, MFIN formed a new management team which, after thorough analysis of its operations, decided to drop its less profitable product lines. MFIN decided to focus on the growth of its loan portfolio to take advantage of the improving Philippine economy. The company's business operations involve sales and marketing, evaluation and approval of loan applications, and collection of loan accounts. MFIN has three main business lines operated by separate units. Rx Cashline involves loans especially tailored to medical professionals, while MFC Factors is a receivables factoring service for SMEs. Another product, MC Financing, offers loans for motorcycle buyers. Source: SEC Form 17-A (2008)
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