With a track record of serving over 10 million customers and disbursing P320B worth of loans since its establishment in 2013, Home Credit Philippines (HCPH) ushers in a new decade with more innovative financial solutions and credit opportunities for Filipinos to empower them to live more rewarding lives.
As the leading consumer finance company in the Philippines, marked by its 23 million and counting loan transactions, HCPH has and continues to meet and cater to the evolving needs of the Filipinos through diverse credit products and value-added services that offer financial solutions to a variety of demands: product installments, cash loan, credit card, and protect, its insurance solutions.
“At the heart of Home Credit lies the mission of financially empowering Filipinos in every aspect and stage of their lives. Our innovative efforts to broaden our products and services over the years have helped us ensure that our customers have convenient access to credit when they need it most.
Our milestones, more than anything, reflect our customers’ trust in us. We express gratitude to all our customers who have placed their trust in us over the years. This support fuels our determination to continue expanding our business and leading the consumer finance market in the country,” David Minol, Chief Executive Officer of HCPH, said.
Strong funding for responsible lending
The company’s acquisition by Thailand’s fifth biggest bank, Krungsri (Bank of Ayudhya PCL), and the largest bank group in Japan, Mitsubishi UFJ Financial Group (MUFG) helps strengthen Home Credit drive to empower more Filipinos. This partnership allows the company to access vast financial resources dedicated to promoting responsible lending in the country and leverage the expertise of its new shareholders to further enable its growth.
Apart from Krungsri and MUFG, HCPH is also a trusted partner of a vast banking community that includes reputable local and international banks. Recently, HCPH signed its biggest creditor, Bank of the Philippine Islands (BPI), with a total of P13.5B in total combined credit line facilities.
These funding lines or credit facilities with some of the biggest local and global financial institutions are poised to expand funding for Home Credit’s range of solutions and services.
“Home Credit’s vast banking community signifies our strong performance and stability in the country as a leading consumer finance company. These partnerships give us more space to further expand credit opportunities and support financial inclusion.
As we welcome a new decade of serving the Filipinos, we will continuously expand our availability and financial solutions, so that our customers can get the things they need to uplift themselves and their families.” Minol added.
To officially welcome a new decade of being the Filipinos’ financial ally, HCPH has recently held an event in partnership with some of its most trusted brands and retail stores partners in the country: Abenson, Acer, Cellboy, Digimap, Imperial Appliance Plaza, Octagon, Power Mac Center, Samsung, and Silicon Valley. During the event, the company shared its milestones and its outlook for the coming years as the leading consumer finance industry country in the Philippines.
