Village Connect
Home Credit Philippines (HCPH), the leading consumer finance company in the country, has been honored as the Finance Company of the Year-Philippines at the 2024 Asian Banking & Finance (ABF) Retail Banking Awards. This accolade celebrates Home Credit’s steadfast dedication to financial inclusion, responsible lending, and digital financial innovation as it marks a decade of serving as the financial ally of Filipinos.
“Being named the ABF Finance Company of the Year—Philippines reinforces our mission to empower Filipinos to live more rewarding lives by making credit opportunities more accessible. Financial inclusion is crucial not just for our customers but also for the country’s economic growth and development, and we are proud to play a part in shaping the consumer finance industry,” said Sheila Paul, HCPH Chief Marketing Officer.
Recognized as an Industry Champion in Asia
Held at the Marina Bay Sands Expo & Convention Centre in Singapore, HCPH was represented by Jasper Sadiang-abay, Head of Campaign Marketing; Floyd Macuha, Head of Value-added Services; and Ma. Lourdes Michelle Karunungan, Head of Enterprise Risk Management. The company was lauded for its innovation, dedication, and exceptional customer service across Asia.
The ABF Retail Banking Awards, now in its 20th year, is the foremost awards program for the banking and finance industry in Asia, acknowledging entities that are reshaping the retail banking landscape. A distinguished panel of judges evaluated entries through a rigorous selection process, ensuring only the most deserving institutions were recognized. This year’s event marked the largest awards dinner in ABF Awards history, featuring the highest number of nominations to date.
Championing Financial Inclusion and Responsible Lending
Home Credit Philippines has established itself as a leader in consumer finance, serving over 10 million customers over the past decade. As of May 2024, HCPH has expanded to over 15,000 stores nationwide, financing over 80 commodities.
Recognizing the significant number of Filipinos with little to no access to credit, HCPH has diligently expanded its sales network, reaching communities in 75 out of 84 provinces. This ensures financial solutions are accessible to those who need them most.
Home Credit leverages 0% installment deals, flexible payment terms, and an expansive network of partner brands and retail stores. Since 2013, it has financed over 23 million loan transactions, totaling over P320 billion in disbursed loans.
HCPH continuously expands its product portfolio to meet diverse financial needs, offering product installments, cash loans, credit cards, virtual credit called Qwarta, and coverage plans called Home Credit Protect.
A cornerstone of Home Credit’s approach is responsible lending. Flexible repayment options, including adjustable due dates and payment holidays, help customers manage their financial obligations. In cases of delinquencies, HCPH provides long-term solutions to borrowers, fostering a healthy and sustainable borrower-lender relationship.
Promoting Innovation and Digital Inclusion
Embracing technology and digital channels, Home Credit has transformed the customer experience, leading to significant growth and enhanced engagement. The MyHomeCredit app serves as a central hub for digital services, providing comprehensive information on retailers, available products, and installment plans. Customers can browse products, compare prices, and check loan eligibility through the app’s marketplace.
Supporting the government’s push for digital payments, Home Credit’s app features over 400 merchants, enabling customers to settle bills and buy loads from home. This digital transformation underscores Home Credit’s commitment to innovation and a more accessible financial landscape.
For more updates, visit Home Credit Philippines’ official website at www.homecredit.ph, or follow their official Facebook, Instagram, and TikTok accounts. Customers can also download the My Home Credit App on Google Play to learn more about the latest promos and Shoppingmall.ph.
Home Credit Philippines is licensed and supervised by the Securities and Exchange Commission (SEC) and the Bangko Sentral ng Pilipinas (BSP).
