Home Credit Philippines Expands Its Reach to Include More Sectorsby Fintech Philippines August 30, 2022
Consumer finance company Home Credit Philippines (HCPH) announced that it has further expanded its services to several sectors to bring Filipinos closer to the lifestyle they want.
Home Credit said that it will continue to find more opportunities to expand its services both online and offline by partnering with more brands and retailers across key categories such as healthcare, fashion, beauty, and fitness.
Since entering the country almost nine years ago, Home Credit has disbursed more than PHP 178 billion worth of loans to Filipinos across various segments and has expanded its network to include 10,000 retail partners nationwide.
Earlier in May this year, Home Credit launched a PHP 420 million social finance facility, which was recently increased to PHP 820 million, with Citi.
This facility supported Home Credit’s customers in purchasing basic digital devices—half of the loan goes to women, who make up 50 percent of its customers.
The company also closed a PHP 7-billion two-year credit facility with the Union Bank of Philippines to provide comprehensive financial access to more Filipinos.
The agreement allows Home Credit to provide more Filipinos with financial accessibility and inclusion across the brand’s intuitive and affordable loan products
Home Credit Philippines is a financing company licensed and supervised by the Securities and Exchange Commission (SEC) and the Bangko Sentral ng Pilipinas (BSP).
“Building on Home Credit’s heritage of delivering a broad range of financial products and services, Home Credit Philippines has enabled almost 9 million Filipinos nationwide to access credit opportunities.
As the needs of our consumers continue to evolve, we commit to supporting them as we build a more financially resilient Philippines,”
said David Minol, Chief Executive Officer of HCPH.