At its 11th anniversary celebration, Home Credit Philippines (HCPH) announced that it has disbursed P320 billion worth of loans since its inception in 2013. It also achieved its goal set last year to reach 10 million customers.
HCPH, a consumer finance company, has been focusing on innovation to provide more diverse financial solutions and credit opportunities to Filipinos.
“At the heart of Home Credit lies the mission of financially empowering Filipinos in every aspect and stage of their lives,” said David Minol, CEO of HCPH. “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.”
Through 23 million loan transactions and counting, the company has continuously adapted, offering a range of credit products and value-added services, including product installments, cash loans, credit cards, and insurance solutions.
HCPH’s recent acquisition by Thailand’s Krungsri and Japan’s Mitsubishi UFJ Financial Group bolsters its capacity to empower more Filipinos through responsible lending. The partnership grants access to vast financial resources and expertise, enabling further growth and expansion of services.
HCPH’s collaboration with the banking community, including the recent partnership with the Bank of the Philippine Islands (BPI), underscores its performance and stability in the Philippines. These partnerships are poised to expand funding for Home Credit’s solutions and services, advancing financial inclusion in the country.
Minol affirms the company’s commitment to enhancing financial solutions and availability in the years ahead. To mark the beginning of this new decade, HCPH recently hosted an event in collaboration with trusted retail partners, where it shared its milestones and future outlook in the consumer finance industry.