{"id":51093,"date":"2022-08-31T08:03:00","date_gmt":"2022-08-31T00:03:00","guid":{"rendered":"http:\/\/www.upgrademag.com\/web\/?p=51093"},"modified":"2022-08-30T20:05:49","modified_gmt":"2022-08-30T12:05:49","slug":"home-credit-empowers-almost-9m-filipinos-expands-services-to-different-sectors","status":"publish","type":"post","link":"http:\/\/www.upgrademag.com\/web\/2022\/08\/31\/home-credit-empowers-almost-9m-filipinos-expands-services-to-different-sectors\/","title":{"rendered":"Home Credit empowers almost 9M Filipinos, expands services to different sectors"},"content":{"rendered":"\n<p class=\"wp-block-paragraph\"><strong>True to its commitment to empowering Filipinos and providing them with innovative products and solutions, the country\u2019s leading consumer finance company Home Credit Philippines\u00a0(HCPH),furtherexpands its services to different sectors to bring Filipinos closer to the lifestyle they want.<\/strong><\/p>\n\n\n\n<p class=\"wp-block-paragraph\">As a global consumer finance provider, Home Credit continues 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.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u201cBuilding on Home Credit\u2019s 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,\u201d shared\u00a0HCPH\u2019s Chief Executive Officer, David Minol.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>HCPH\u2019s solid progress in financial inclusion<\/strong><\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Since entering the country almost nine years ago, Home Credit has disbursed more than Php178 billion worth of loans to Filipinos across segments, including the services, education, and health sectors. Now, Home Credit has evolved into a one-stop ally to millions of Filipinos.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Over the past years, Home Credit has expanded its network to a robust 10,000 retail partners nationwide, has aggressively grown its online presence, and has forged partnerships with the country\u2019s biggest brands.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">The company has focused on advocating financial literacy, which is also in line with Home Credit\u2019s thrust of championing the environment, social, and governance (ESG) programs. Some of the initiatives that enabled the company to make financial inclusion a reality are:<\/p>\n\n\n\n<ul class=\"wp-block-list\"><li>Home Credit closed its very first ESG-linked credit facility with Deutsche Bank in December 2021 amounting to Php 1.2 billion. This facility provided women and first-time borrowers with expanded credit access and supported financial literacy programs in the country. It also supported the company\u2019s digitalization efforts, which then enabled Home Credit to provide 60 percent of its loan via digital channels.<\/li><li>Earlier in May this year, Home Credit pioneered a Php 420 million social finance facility, which was recently increased to Php 820 million, with the country\u2019s largest foreign bank Citi. This facility supported Home Credit\u2019s customers in purchasing basic digital devices\u2014half of the loan goes to women, who make up 50 percent of Home Credit\u2019s customers.<\/li><li>The company closed a Php 7-billion two-year credit facility with multi-awarded universal bank UnionBank 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\u2019s intuitive and affordable loan products<\/li><\/ul>\n\n\n\n<p class=\"wp-block-paragraph\">\u201cFinancial inclusion has always been at the heart of how we approach business. Ensuring that we are able to provide tailor-fit solutions to our customers\u2019 particular circumstances has been vital in our goal of bringing financial opportunities closer to more Filipinos,\u201d said HCPH\u2019s Director and Treasurer, Zdenek Jankovsky.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>Empowering Filipinos <em>Para sa Life<\/em><\/strong><\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Still in pursuit of its goal of financial inclusion for more Filipinos, the consumer finance company launched its <em>Para sa Life <\/em>campaign. This initiative hopes to let spread a message of hope, making the brand a reliable ally of Filipinos for life.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">One of the initiatives under the <em>Para sa Life <\/em>campaign is the <em>Payo Para sa Life<\/em>, a 2-minute radio show that discusses fundamental financial literacy topics. This program is aimed at various communities, including market vendors, farmers, fisherfolk, public transportation drivers, and security guards.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">The <em>Para sa Life<\/em> campaign also debuted a music video \u2013 top billed by singer-songwriter Moira dela Torre \u2013 that positioned Home Credit as a reliable financial partner that assists Filipinos in whichever stage of life they may be.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u201cAt Home Credit Philippines, we see transformative communication as a way to effectively tell our story \u2014 the story of empowered Filipinos. The <em>Para sa Life <\/em>campaign did exactly just that as it encapsulated our promise of companionship in our customers\u2019 life journey,\u201d shares HCPH\u2019s Chief Marketing Officer, Sheila Paul. \u201cBeing able to present our services and solutions in ways that closely speak to our consumers helps us continue championing a financially empowered and inclusive Philippines,\u201d she added.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Home Credit Philippines is a financing company duly licensed and supervised by the <a href=\"https:\/\/www.sec.gov.ph\/\">Securities and Exchange Commission (SEC)<\/a> and by the <a href=\"https:\/\/www.bsp.gov.ph\/SitePages\/Default.aspx\">Bangko Sentral ng Pilipinas (BSP).<\/a> To know more about Home Credit Philippines, visit their official website&nbsp;<a href=\"http:\/\/www.homecredit.ph\">www.homecredit.ph<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>As a global consumer finance provider, Home Credit continues 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.<\/p>\n","protected":false},"author":6,"featured_media":51094,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[19],"tags":[5354,4672,96,2727,1656],"class_list":["post-51093","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-headlines","tag-home-credit","tag-home-credit-philippines","tag-technology","tag-technology-adaption","tag-technology-investment"],"_links":{"self":[{"href":"http:\/\/www.upgrademag.com\/web\/wp-json\/wp\/v2\/posts\/51093","targetHints":{"allow":["GET"]}}],"collection":[{"href":"http:\/\/www.upgrademag.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/www.upgrademag.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/www.upgrademag.com\/web\/wp-json\/wp\/v2\/users\/6"}],"replies":[{"embeddable":true,"href":"http:\/\/www.upgrademag.com\/web\/wp-json\/wp\/v2\/comments?post=51093"}],"version-history":[{"count":0,"href":"http:\/\/www.upgrademag.com\/web\/wp-json\/wp\/v2\/posts\/51093\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"http:\/\/www.upgrademag.com\/web\/wp-json\/wp\/v2\/media\/51094"}],"wp:attachment":[{"href":"http:\/\/www.upgrademag.com\/web\/wp-json\/wp\/v2\/media?parent=51093"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/www.upgrademag.com\/web\/wp-json\/wp\/v2\/categories?post=51093"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/www.upgrademag.com\/web\/wp-json\/wp\/v2\/tags?post=51093"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}