CreditAccess entered the Philippine market in 2014. We selected the Philippines as it has over 80% of households which are unbanked, the majority of which are self-employed, working for a private household or a farm, or in other informal occupations. The self-employed households are mainly MSEs, which do not have access to formal capital.
We have experienced rapidly growth of our start-up in a short space of time and has now become one of the top ten Non Banking Financial Company (NBFC) in the Philippines, operating through our trading name CreditAccess Philippines Financing Company Inc. (Local brand name OnePuhunan). We provide simple, convenient and accessible credit products to MSEs in the Philippines. It is a fast growing NBFC with a vision of being a market leader in providing relevant financial products to its customer base.
Facts and Figures (as of 31 December 2017):