Home Credit Philippines Celebrates 10 Years of Being Filipinos' Top Financial Partner

Amidst the continuous growth of digitalization in the country, we are still facing that lingering threat of financial illiteracy to many adult Filipinos causing an alarm to many institutions in the country. This is despite the growing popularity of social media as well as online commerce, bank and entertainment.

In the recent global study published by S&P Global, the Philippines is at the bottom 30 of 144 countries surveyed on financial literacy. This is equivalent to only 25% of adult Filipinos who are knowledgeable on basic financial concepts according to The World Bank.

These alarming issues pushed Home Credit, a leading consumer finance company, to reach the Philippines and provide not just unique products and services that can support lives, but also learning and technology that can empower Filipinos in the future.
“Our goal of a financially empowered Philippines comes true every year, one customer at a time. In our 10 years of service in the country, we aim to empower 10 million customers within 2023 and continue to serve more Filipinos in the years to come. More than delivering innovative and accessible financial services, we celebrate the relationships we have built with our stakeholders and customers over the past decade, and this we choose to continue above and beyond,” shared David Minol, Chief Executive Officer of Home Credit Philippines.
A Decade of Excellence
Since 2013, Home Credit remains the country’s leading consumer finance company, growing its local roots and developing a much deeper understanding of the local market. The company has seen the need to expand its lifestyle offerings and finance solutions to better support the ever-evolving needs and demand of Filipinos in this new generation.

Petr Lukosz,Home Credit Philippines' Chief CRM Officer
With 10 million Filipino customers served over the years, Home Credit has expanded to a robust 15,000 partner stores across 75 provinces in the country and has aggressively grown its online presence through its My Home Credit App. It also forged partnerships with the country’s biggest brands and retailers, building a wide selection of lifestyle commodities ranging from gadgets and smartphones, appliances and furniture, to bicycles and motorcycle accessories, sports equipment, and many more.
From product loans to cash loan, Home Credit was able to help more Filipinos to be financially capable, and has disbursed over 1.8 million Cash Loans to its customers, in which 90% of the contracts were signed digitally and 20% of the applications were processed through the My Home Credit App.
According to Petr Lukosz, HCP Chief CRM Officer, “Home Credit boasts of having the fastest cash loan approval and disbursement in 1 minute – the best in the market. Customers can enjoy the flexibility of the Cash Loan offers ranging from Php3,000 to Php150,000 and repayment terms from six to 48 months.”
A Decade of Commitment
In its 10 years of operation in the Philippines, Home Credit was able to establish a strong bond with its Filipino customers advocating financial literacy, which aligns with Home Credit’s thrust of championing environmental, social and governance (ESG).

Ms. Sheila Paul, Home Credit Philippines' Chief Marketing Officer

In a press interview, which was held at Seda Hotel in BGC, Taguig last March 14, Home Credit Philippines Chief Marketing Officer Ms. Sheila Paul mentioned: “Home Credit has been at the forefront of promoting financial literacy and education in the Philippines since 2013. Through our financial literacy initiatives, we were able to reach 20 million Filipinos last year and we aim to further expand our horizons towards a sustainable and financially resilient future.”
Last year, Home Credit’s flagship financial literacy program Wais sa Home reached more than 20 million Filipinos across the country and has driven onsite financial literacy programs in various communities in the Philippines, particularly in Iloilo, Pampanga, Guimaras, Capiz, Antique, and Aklan.

This year, HCP is committed to expand its program to further key areas in the Philippines, which will further broaden Filipinos knowledge on financial stability, along with the goal of partnering with more public and private intuitions, including schools, to strengthen its campaign.
Home Credit believes that availing of its financing products is not the end of the customers’ journey but only the start of it. The company wants to further build meaningful relationships with its customers and be their ally in advocating proactive measures to keep themselves and their families safe and protected.

Zdenek Jankovsky,Home Credit Philippines' Executive Director and Treasurer
“We at Home Credit do not stop in providing the best service to our customers after their purchase. We make sure that we are there in every step of the way by providing them the full care that they deserve. Through our protection products, Home Credit aims to be our customers’ ally in building a safe and well-protected life,” added Zdenek Jankovsky, Executive Director and Treasurer of Home Credit Philippines.
Anything, Anytime, Anywhere
As Home Credit Philippines celebrates its 10th year, the company is set to offer more products and solution to its Filipino customer. Guided by best practices in the industry, customers can now expect more options to protect themselves from any financial danger. These protection packages include Device Protection which can be upgraded with an extended warranty for accidental damage protection; Extra Care for flexibility in managing payments; Home Content to protect and cover home belongings from any unfortunate incidents; and an innovative Personal Payment Protection that offers unlimited telemedicine service, death and accident coverage, and medical reimbursement.

From left to right: David Minol, Chief Executive Officer; Petr Lukosz, Chief CRM Officer; Shiela Paul, Chief Marketing Officer; Puneet Suneja, Chief Sales Officer; and Zdenek Jankovsky, Executive Director & Treasurer

“More than just being a consumer finance provider, Home Credit has evolved to be the lifestyle partner of every Filipino. With the ever-changing market landscape and demand of consumers, the company continues to expand its services to different segments and offer a wide range of lifestyle commodities. As we gear towards our 10th year of service, Filipino customers can only expect the best from our growing range of products that will be made more available and accessible to them,” shared Puneet Suneja, Chief Sales Officer.

Puneet Suneja, Home Credit Philippines' Chief Sales Officer

Home Credit Philippines is set to continue offering its biggest and longest-running 0% interest installment to over 50,000 products to choose from.
Home Credit Philippines, as the market leader in the consumer finance sector, not only finds strength in numbers but in the strong connections it has made among stakeholders and consumers alike. In its 10th year in the Philippines, the company seeks to become a standard in the consumer finance industry with its commitment to innovation, customer satisfaction, and financial inclusion.
Home Credit Philippines is a financing company duly licensed and supervised by the Securities and Exchange Commission (SEC) and by the Bangko Sentral ng Pilipinas (BSP).  To know more about the latest updates from the company, visit its official website www.homecredit.ph. You may also follow its official FacebookInstagram, and TikTok accounts. Customers are also encouraged to download the My Home Credit App on Google Play to learn more about the latest promos and see what’s new in the Marketplace.

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