The business institution started to involve through the President and the Chairman of the Board himself. Mr. FELIX GARCIA YUSAY.In early 1960’s, known as the Yusay Commercial then the Company was primarily engaged in the business of selling imported used clothing and as it grew and gained ore clients, it started providing informal lending services to its clients.During the Macapagal Administration in 1964, importation of used clothing was banned and sine supplies of imported used clothing were no longer available. Mr. Yusay had to shift his business focus on something more profitable that time – the provision of credit facilities for home building, agricultural and commercial projects with Real Property and motor vehicles as security for loans.The business prospered requiring Mr.Yusay to register the organization with the Securities and Exchange Commission (SEC) on April 20, 1965. With (4) other relatives as members of the Board of Directors, Yusay Credit Corporation was formally launched with office in Bacolod City.
The business institution started to involve through the President and the Chairman of the Board himself. Mr. FELIX GARCIA YUSAY.In early 1960’s, known as the Yusay Commercial then the Company was primarily engaged in the business of selling imported used clothing and as it grew and gained ore clients, it started providing informal lending services to its clients.During the Macapagal Administration in 1964, importation of used clothing was banned and sine supplies of imported used clothing were no longer available. Mr. Yusay had to shift his business focus on something more profitable that time – the provision of credit facilities for home building, agricultural and commercial projects with Real Property and motor vehicles as security for loans.The business prospered requiring Mr.Yusay to register the organization with the Securities and Exchange Commission (SEC) on April 20, 1965. With (4) other relatives as members of the Board of Directors, Yusay Credit Corporation was formally launched with office in Bacolod City.
The business institution started to involve through the President and the Chairman of the Board himself. Mr. FELIX GARCIA YUSAY.In early 1960’s, known as the Yusay Commercial then the Company was primarily engaged in the business of selling imported used clothing and as it grew and gained ore clients, it started providing informal lending services to its clients.During the Macapagal Administration in 1964, importation of used clothing was banned and sine supplies of imported used clothing were no longer available. Mr. Yusay had to shift his business focus on something more profitable that time – the provision of credit facilities for home building, agricultural and commercial projects with Real Property and motor vehicles as security for loans.The business prospered requiring Mr.Yusay to register the organization with the Securities and Exchange Commission (SEC) on April 20, 1965. With (4) other relatives as members of the Board of Directors, Yusay Credit Corporation was formally launched with office in Bacolod City.