DFC Launch New Corporate Relations Department
The Development Finance Corporation (DFC) is shaking things up with a fresh vision and mission. As part of this rebranding effort, DFC officially launched its new corporate relations department today. This department is designed to boost efficiency for the institution’s commercial partners, offering loans that surpass those typically given for mortgages and education. Think about industries like shrimp farming and cattle ranching. An official ceremony was held in Belize City today, where we got the scoop on this exciting new development.
Shanelle Reneau, Chief Lending Officer, DFC
“As it relates to what it will look like, it will impact our business positively. Customers will have, our cooperate clients, which we know are our largest clients, will have that one on one. We will have a dedicated team of professionals that will be assigned to the department and able to meet their every need, go to the business directly, communicate with them on timely basis. There will be a quicker turnaround time as it relates to our processing. So, it will enhance our overall effectiveness and efficiency as a development bank. I would say when we look at our portfolio, because of the size of the loans our corporate clients have, I would say that they represent at least sixty percent of our entire portfolio at this point in time.”
Rainaldo Guerrero, Chairman, DFC
“Keep in mind that as an organization that is poised to be a catalyst for change, it is the people that is at the forefront. We deal at the macroeconomic development level, which filters down to improvement for everybody. So, if we are dealing with cattle, we are not dealing with just one big farmer who is selling cattle. We are dealing with the mini farmer who sells cattle to the bigger farmer who then enhances their value by keeping it in a pasture, before it gets out there. So, there are hundred of farmers out there. They have wives, children and they are going to school. It trickles down. So you are looking at the benefit that is not just to the beneficiary who gets the loan but to the people who benefit from that.”
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