Driven By Rising Retail Sales, Home Credit Goods Financing Reaches IDR 710 Billion In Ramadan 2022

Photo: Doc. Home Credit

JAKARTA - The increasing trend of mobility coupled with the recovery of Indonesian people's purchasing power will also accelerate retail sales in April 2022. According to a Bank Indonesia survey in May 2022, retail sales performance as indicated by the Real Sales Index (IPR) is estimated to increase by 6.8 percent on a global basis. monthly in April 2022 compared to 2.6 percent in March 2022.

This condition also spurred the financing disbursed by PT Home Credit Indonesia (Home Credit), a technology-based finance company, throughout the month of Ramadan 2022. The company posted a 5.2 percent growth in the financing of goods disbursed to Rp710 billion compared to Ramadan 2021.

Home Credit Indonesia Chief Financial Officer Sylvia Lazuarni said, referring to the April 2022 SPE data released by Bank Indonesia, the increase in retail sales occurred in a number of groups of goods, including the Information and Communication Equipment group (an increase of 5.15 percent) and the clothing subgroup (10 ,7 percent). Sylvia further explained that Home Credit disburses financing to meet the increasingly diverse needs of customers.

"As part of Home Credit's commitment to providing appropriate and affordable financial services according to customer needs. In distributing its financial services, Home Credit always provides a comprehensive understanding of the services used by customers to match their capacity in managing finances, including education on financial literacy. which is also encouraged," said Sylvia in her statement, Wednesday, June 29.

Home Credit always supports the needs of its customers in building and developing businesses through working capital financing. From January to April 2022, Home Credit has supported more than 48 thousand small and medium enterprises, with a total disbursed financing of IDR 560 billion.

For goods financing, Home Credit provides financing services that are not only used to buy smartphones, but also various other dream items. Examples such as fashion, namely bags, watches, glasses, clothes, shoes, etc. Financing for this group of goods has increased almost 6 times in the period of Ramadan 2022 compared to the same period in the previous year.

A significant increase in the volume of financing was also experienced by various other items such as baby equipment (cribs, baby seats for cars, breastfeeding pumps, strollers) and medical devices (electric massage chairs, water purifiers, air purifiers).

Customers access financing for various needs through more than 22,000 stores owned by Home Credit business partners throughout Indonesia where this number has increased by more than 40 percent compared to the end of April 2021. The total number of Home Credit customers has now reached more than 5.5 million person.