The International Finance Magazine (IFM) recently gave recognition to Home Credit for being the “fastest growing consumer finance company in the Philippines”. IFM Awards is an event that recognizes and honors individuals and organizations that make “significant contributions to the international finance industry”.
Home Credit Philippines (HCPH) is a Prague-based fintech company that provides in-store financing for a portfolio of products. It was started in the country in 2013.
According to HCPH’s CEO Annica Witschard, the company is now in expanding its reach nationwide and in adding more product segments to its portfolio.
The company’s market includes unbanked Filipinos who are able to avail loans from HCPH that require fewer requirements than traditional loans. 2017 was considered a landmark year for the company after it doubled its customer count in the country from one to two million in six months.