BDO Unibank Inc. (BDO) has extended loans to Richli Water, a local water utility in Tagbilaran City, with the mission to deliver safe and sustainable water to the island province of Bohol.
BDO did not divulge the amount of financial support to Richli, which sources its supply from surface water systems, like rivers and springs, which helps protect underground natural resources and ensures a stable, and cleaner water supply.
With BDO’s funding, Richli Water has been able to expand its pipeline network and construct a new water treatment facility, strengthening its capacity to meet growing water needs of Boholanos while preserving the environment.
Ralph Lim, President of Richli Water, emphasized the significance of this initiative, stating that “BDO’s loan has been a game changer for us. It has enabled us to build an extensive pipeline network that delivers safe water to households across Bohol. Sustainable methods often require significant investment, and BDO’s support has enabled us to meet the community’s growing water needs in an environmentally responsible manner.”
As part of its expansion plans, Richli Water will construct more water treatment facilities to address the water requirements of Bohol’s rapidly increasing population. The company is also exploring the development of wastewater treatment plants to provide comprehensive water solutions to more communities across the island.
In 2017, Richli Water was put up tpo help solve the water supply crisis in the municipalities of Panglao, Dauis, and Tagbilaran City.
Ensuring water quality is a top priority for Richli Water. The company conducts hourly tests at its water treatment plant to monitor turbidity, chlorine levels, and pH balance. Third-party tests are done twice yearly to comply with Department of Health standards, ensuring that Boholanos receive high-quality water for daily use.
BDO’s commitment to sustainable development is at the core of this partnership. By providing essential funding to companies like Richli Water, BDO is helping uplift the lives of Filipinos while fostering sustainable growth. This initiative aligns with BDO’s long-term commitment to environmental stewardship and building a better future for all.
