Home Credit is expanding its operations in Mindanao, according to SunStar Publishing Inc.. The report said the consumer finance firm is strengthening its presence across the region as part of its push to serve more Filipino borrowers.
The expansion comes as demand for installment financing grows in the Philippines, with many households using flexible payment plans for appliances, gadgets, and other goods. A larger Mindanao footprint is expected to deepen Home Credit's ties with local retailers and make its services more accessible outside Metro Manila.
Financial inclusion advocates have long pointed to Mindanao as a key area for formal credit expansion. The company's latest move reflects a broader industry trend of bringing consumer lending options to provinces and emerging cities across the archipelago.