Catholic org opens financing company to public

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MANILA, Oct.29, 2014 — The insurance arm of the Knights of Columbus in the Philippines, the Knights of Columbus Fraternal Association of the Philippines, Inc. or KCFAPI, has recently organized a new financing company, the Kompass Credit and Financing Corporation (KCFC).

KCFC was established to provide more economic opportunities, not only for the members of the Knights of Columbus, but also for the general public.

The pioneer Fr. George J. Willmann, SJ, who founded the Catholic Youth Organization, among other groups, talks to some Filipino kids. (Photo: KC)

Financial solutions

“With its modest start, KCFC prides itself in delivering flexible and personalized terms that will perfectly match the client’s needs. Just like the mariner’s compass, KCFC provides direction, vision, inspiration and comfort amidst life challenges,” said Atty. Neil Jerome A. Rapatan, legal services manager of KCFC.

He added that KCFC aims to provide financial solutions to families who want to acquire their own home; professionals who are in need of personal vehicles; and businessmen and companies that need additional capital. It also aims to provide financial assistance for the urgent economic needs of employees and professionals through salary loans.

Kompass Credit and Financing Corporation offers different financial services like housing loans, car loans, business loans, salary loans and credit line facilities.

“KCFC’s Articles of Incorporation and By-Laws were approved by the Securities and Exchange Commission (SEC) on March 13, 2014, with a P300 Million Authorized Capital Stock. On the same day, it was also given the authority to transact as a financing institution,” Rapatan noted.

Fr. Willmann’s legacy

The officers and directors of KCFC include Chief Justice Hilario G. Davide, Jr. (Ret.), Chairman; Commissioner Rene V. Sarmiento (Ret.), Vice Chairman; Arsenio Isidro G. Yap, President; Raoul A. Villanueva, Secretary; Ruben L. Gutierrez, Treasurer; Ramoncito A. Ocampo, Director; Pascual C. Carbero, Director; Ma. Theresa G. Curia, General Manager & Executive Vice President; Angelito A. Bala, Vice President- Credit & Loans; Mary Magdalene G. Flores, Vice President- Treasury / Finance; Pedro P. Lubenia, Internal Audit Manager; Rowena M. Diapolit, Accounting Manager; Ma. Kristianne G. Pascual, Personnel Services Manager; Atty. Neil Jerome A. Rapatan, Legal Services Manager; and Saturnino J. Galang, Jr, Marketing & Sales Manager.

Interested parties who wish to know more about KCFC and its financial services, may contact trunk line (02) 527-22-23 loc. 172.
KCFC’s mother company, the Knights of Columbus Fraternal Association of the Philippines, Inc. was established by Fr. George J. Willmann, SJ as a mutual benefit association for the Knights of Columbus members in the Philippines in 1958.

Willmann whose cause is being pushed by various groups vigorously pursued the growth of the Knights of Columbus in the Philippines and worked for the radical transformation of “faith into action.”

Other organizations he established include the Catholic Youth Organization in the Philippines; Catholic Press –The Filipinas and Cross Magazine; Columbian Squires in the Philippines; Daughters of Isabella in the Philippines (later reorganized under the name of the Daughters of Mary Immaculate); Columbian Farmers Aid Association; Knights of Columbus Philippines Foundation, Inc; and the KC Fr. George J. Willmann Charities, Inc. (KC News)

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