SEC Facebook

The Securities and Exchange Commission (“Commission”) has received information that
individuals or group of persons representing
PHILIPPINES FIRST CIRCLE MICRO LOAN CO. LTD
.
and
EASY LOAN FINANCE CORP.
have been
engaging in
lending and financing
activities without
prior registration and Certificate of Authority from the Commission to engage in said activities
.
Based on the record
s
of the Commission,
PHILIPPINES FIRST CIRCLE MICRO
LOAN CO.
LTD
.
and
EASY LOAN FINANCE CORP.
are
not registered
as a corporation, partnership
or
one
person corporation
(OPC).
It also appears that
PHILIPPINES FIRST CIRCLE MICRO LOAN CO. LTD
.
and
EASY LOAN
FINANCE CORP.
are
mis
representing themselves as
FI
RST CIRCLE GROWTH FINANCE
CORPORATION
,
a different corporation which is registered with the Commission with a
Certificate of Authority (CA) to engage in lending/financing activities.
Based on i
nformation received by the Commission,
PHILIPPINES FIRST CIRCL
E MICRO
LOAN CO. LTD
.
and
EASY LOAN FINANCE CORP.
are victimizing the public through a
scheme
called
ADVANCE FEE LOAN SCAM
.
The Commission has earlier
issued a SEC ADVISORY
on this
kind of scam
entitled
“SEC ADVISORY ON ADVANCE FEE LOAN SCAM”
dated 29
November 2022
which may be viewed at the following link:
https://www.sec.gov.ph/advisories
–
2022/sec
–
advisory
–
on
–
advance
–
fee
–
loan
–
scam/#gsc.tab=0
T
he public is
hereby
warned and
advised
NOT TO TRANSACT
with any individual or group
of persons representing
PHILIPPINES FIRST CIRCLE MICRO LOAN CO. LTD
.
and
EASY LOAN
FINANCE CORP.
Should you have any information regarding the operation of
PHILIPPINES FIR
ST CIRCLE
MICRO LOAN CO. LTD
.
and
EASY LOAN FINANCE CORP.
, please call the Enforcement and Investor
Protection Department (EIPD) at telephone number 8818
–
6334 or
send your report to our
email
at
epd@sec.gov.ph
.
For gu
idance of the public.
Makati City, 14
March 2023