GRF Hublag Foundation, Inc. is the development finance program of the Gerry Roxas Foundation. Hublag, a local term for “a movement,” opens access to economic opportunities by serving the micro credit needs of communities in Panay Island, particularly in agricultural areas. Among Philippine microfinance NGOs, GRF Hublag is recognized for its unique approach of lending to individual micro-entrepreneurs.
The GRF Hublag mission is to organize, equip, and strengthen the economically active poor with skills and capital to “move” them and become sustainable and effective agents of community development. GRF Hublag aims to assist clients achieve financial sustainability through yearly improvements in income or assets and their graduation from micro-enterprise to small business.
GRF Hublag began operations in 1987 with P500 loans for the working capital needs of 500 nonbankable micro-entrepreneurs. Today, Hublag microcredit operations evolved to five service windows to respond to the credit needs of a wider range of clients. It serves over 24,000 clients through a network of 8 branch offices in 50 towns with an outstanding loan portfolio of P45.6 million.
Ms. Helen Rose P. Reyes, Managing Director
Burgos, Ilawod, Roxas City, Capiz 5800