Company Name : Aiful Finance Philippines, Inc.
Aiful Finance Philippines, Inc. is a domestic corporation primarily engaged in the business of extending credit facilities to consumers and to industrial, commercial, or agricultural enterprises, by direct lending or by discounting or factoring commercial papers or accounts receivable, or by buying and selling contracts, leases, chattel mortgages, or other evidences of indebtedness, or by financial leasing of movable as well as immovable property (Sec. 3 of Republic Act No. 8556 known a Financing Company Act of 1998). Provided, however, that there shall be continuing compliance of SEC Memorandum Circular on 1) Prohibition of Unfair Debt Collection Practices of Financing Companies (FC) and Lending Companies (LC) and 2) Disclosure Requirements on Advertisements for Financing Companies and Lending Companies and Report of Online Lending Platforms (MC Nos. 18 and 19, Series of 2019, respectively).