Home Credit, Puregold secure partnership, give more Filipinos access to convenient and flexible consumer products purchase through credit

Staying true to its commitment of being the Filipinos’ financial ally, Home Credit Philippines (HCPH) has recently formed a partnership with one of the country’s biggest chain of supermarkets, Puregold, to allow its customers to use credit when purchasing their necessities.  

 

Recently launched, this collaboration offers Puregold customers nationwide an easy, convenient, and secure way of purchasing their groceries using Home Credit Card or Qwarta. In addition, they will get opportunities to participate in seasonal, brand specific, and other unique and exclusive deals.  

 

Home Credit Card is HCPH’s premium revolving product that offers select customers the perfect first-time Visa credit card with 3% load discount, zero additional fees on bills payment, interest-free option for up to 45 days per month and low interest fee at 3%. Meanwhile, Qwarta is HCPH’s virtual shopping line that users can use via the My Home Credit App to buy load, pay bills, buy groceries (via QR), and shop online.   

 

“Home Credit is steadfast in its role of being a financial partner to Filipinos to help them realize and achieve the life that they want for themselves. This collaboration with one of the country’s biggest chain of supermarkets enables us to strengthen this commitment and reach more people nationwide with offers that can help them better manage their finances,” Sheila Paul, Chief Marketing Officer of HCPH, said.    

 

This seamless payment journey only involves three easy steps, starting with the customers’ download of the My Home Credit App. Those who are eligible to use Home Credit’s Qwarta or those who have a Home Credit credit card may then generate a QR code that, lastly, they will present to a Puregold’s cashier for scanning to complete their purchase. 

 

“As we approach the remarkable milestone of having 500 stores nationwide, our unwavering commitment to our company’s core values is stronger. We are not just a retail business, but an enterprise of service, dedicated to supporting lives and nurturing stronger communities across the country.  

 

This strategic partnership with Home Credit Philippines allows us to further amplify flexibility and convenience for our valued customers and Ka-Asensos,” Jenny Jacintos, Senior Manager for Merchandising and Marketing Services of Puregold.  

   

To know more about the latest updates from Home Credit Philippines, visit its official website, www.homecredit.ph. You may also follow its official Facebook, Instagram, 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 Shopping Mall Philippines.    

    

Home Credit Philippines is a financing company duly licensed and supervised by the Securities and Exchange Commission (SEC) and the Bangko Sentral ng Pilipinas (BSP).    

 

One million new customers added in last 7 months as HCPH continues its rapid growth in PH

Home Credit, the Prague-based consumer finance company that has captured the attention of mallgoers and gadget lovers alike with its affordable in-store loans, has a very good reason to celebrate after it recently signed its three millionth customer.

(L-R: HCPH Sales Associate Mayeth Valencia, HCPH CEO Annica Witschard, 3 millionth customer Virginia Dela Torre and husband Almer, HCPH Chief Marketing and Product Officer Franchette Chingcuanco-Cardona)

Lucky winner Virginia and her husband Almer were in the process of applying for an in-store loan for a flat screen TV when HCPH surprised them on the spot. Home Credit Philippines’ Chief Executive Officer Annica Witschard and Chief Marketing and Product Officer Franchette Cardona were personally there to reveal the surprise and congratulate the “winning” customers who got 5,000php worth of GCs and the perk of having the rest of their loan waived.

HCPH has come a long way since its establishment in Manila in 2013. From starting with less than 30,000 customers in its first year, the company quickly grew in the next few years, hitting the one million customer mark in 2017 before finishing the year with two million customers. A few more months later, HCPH’s customer base now stands at three million.

“We credit our success to the thriving market here in the Philippines. There is a strong demand for financially-inclusive products, and we are more than happy to cater to this demand by offering loans even to first-time borrowers and those without formal accounts,” Annica shared when asked about the company’s growth.

According to the latest data from Bangko Sentral ng Pilipinas, 77 percent of adults have no formal accounts such as savings accounts with banks. HCPH taps this group of consumers by making applying for an in-store loan easy even if they have no credit history. The customer simply needs to approach a Home Credit Sales Associate, provide two (2) IDs, and wait for ten minutes to process their application.

In addition, the company has also been rapidly expanding in terms of stores and the range of products it finances. It now has more than 4,000 stores and has a presence in more than 50 provinces and Metro Manila. In terms of product portfolio, Home Credit Philippines has also been actively expanding its lineup. In addition to mobile devices and gadgets, its roster also includes home appliances, hardware tools, e-bikes, musical instruments, and sporting goods.

When asked about their reaction for being named the three millionth first-time customers, Almer shared his happiness by saying, “Napaka-ganda ng Home Credit dahil napapaluwagan nila yung mga tao na hindi usually na-aafford na bumili ng ganitong mga bagay.” Virginia added, “Napakadali ng proseso. Biyaya talaga ito.” [Home Credit has a good program because it helps people who can’t usually afford to buy these things. The process is very easy. This is really a blessing.

Besides in-store loans, the company also offers cash loans which, according to Annika, are used by some of the customers to start small businesses so they can make a better living for their families. Others use their cash loans to pay for other needs like school tuitions or finance house renovations.