Superbank will channel the fund as multipurpose loans to those who need it and are not yet fully reached by banking services.
Heaptalk, Jakarta — PT Super Bank Indonesia (Superbank) announced its strategic affiliation with PT Home Credit Indonesia (Home Credit) to expand financing access inclusively devoted to the underbanked people in Indonesia.
This fintech startup will pour the working capital loan facility into Home Credit in this cooperation. The fund will be channeled as multipurpose loans to those who need it and are not yet fully reached by banking services.
As a digital-based banking company backed by one of the most extensive ecosystems in Southeast Asia, The Chief Business Officer of Superbank, Sukiwan, believes in the power of digitalization to expand access to safe and trusted financial services and increase people’s welfare.
“Our partnership with Home Credit is a testament to this commitment. We noticed Home Credit is an experienced and trusted financing company. Through this collaboration, we can deliver financial solutions to underbanked communities across Indonesia,” added Sukiwan.
According to the company, this affiliation is a response to the increasing of public interest in using financing companies, to meet their various needs. Refers to the Financial Service Authority (OJK), the data shows that the financing sector continues to elevate with good financing quality. The outstanding value of financing receivables grew by 12.17% YoY, attaining Rp402.6 trillion. Meanwhile, the output discloses the Non-Performing Financing (NPF) ratio decreased to 2.54%.
The financing performance enhancement aligns with a survey that Home Credit conducted last February 2023, whereby the financing product utilization was mainly driven by society’s preference in tackling their financial cash flow and keeping cash for emergency funds or savings.
Possessing similar goals with Superbank to improve people’s welfare with more transparent financing access, the Director of Home Credit Indonesia, Volker Giebitz, claimed the company had backed around 6 million customers in more than 200 cities in the archipelago. As for 2022, Home Credit had also reached first-time borrowers at an average of 32% monthly.
Volker added, “Collaboration with our banking partners, one of which is Superbank, is expected to bolster us in broadening our range of service, including multipurpose financing facility for our existing customers,”
