Home Credit Philippines (HCPH) achieved a remarkable milestone as it reached 10 million customers in time for its celebration of a decade of unwavering service.
Since 2013, the leading consumer finance company has granted a total of P295.7 billion (as of Dec 2023) in credit throughout the country through its installments, cash loans and revolving credit products.
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. Starting from mobile phones, and then eventually branching out to laptops and computers, furniture, home appliances, even bikes, sporting goods, home improvement and department store shopping. In recent years, Home Credit added a credit card, as well as virtual limit Qwarta to its portfolio.