Finance Factors' newest branch scheduled to open Monday in Manoa will be the company's 14th in the state.

Finance Factors is marking the occasion by offering prize drawings throughout the month of March, including weekly $50 gift drawings and a grand prize worth $500.

"Finance Factors has been looking to expand into Manoa for a while, and we are thrilled to see the branch finally come to fruition," said Steven Teruya, president of Finance Factors.

The branch is the third opened by Finance Factors in the past six months. A photovoltaic system installed by Suntech Hawaii will supply the Manoa Branch with an estimated 80 to 90 percent of its electrical needs.