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), a Prague-based fintech company that provides in-store financing for a portfolio of products, has enjoyed continuous growth since its start of operations in the country in 2013.
HCPH’s Chief Executive Officer Annica Witschard expressed her appreciation for the recognition. She shared, “The company is set right now in expanding our reach nationwide and in adding more product segments to our portfolio—goals which we plan to meet in order to better serve our 2.5 million customers. This award is proof that we are making a step in the right direction.”
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 successfully doubled its customer count in the country from one to two million in six months.