Home Credit Philippines (HCPH) has recorded 10 million customers and granted a total of P295.7 billion credit in installments, cash loans and revolving credit products as it marks a decade of operations in the country.
To date, Home Credit has signed more than 22 million contracts, 17 million point-of-sale (POS) loans, over two million cash loans, and more than two million revolving loans.
For POS loans, mobile phones led with almost 12 million financed units.
Last year alone, Home Credit financed 1.7 million units of mobile phones, facilitated by Home Credit’s promos, including the most recent zero interest on installment financing.
Over a million TV units, and 867,000 computer units financed in the last 10 years.
Home Credit’s entry to the country 10 years ago provided a much-needed service for Filipinos who were underserved by traditional financing and were seen to turn to informal and unregulated lending outfits.
In recent years, Home Credit added a credit card, as well as virtual limit Qwarta to its portfolio.
“We supported countless Filipinos in acquiring gadgets, furniture, appliances, and more, to realize their goals for themselves and their families,” said Sheila Paul, chief marketing officer of HCPH.
