HOME CREDIT VIETNAM
“ There has been quite a sustainable stream of profitability generated from delivering financial inclusion and from our relationship with clients,” says Khang.
“ The steady stream of profits we generate has allowed us to be on the market 15 years later at the scale we have achieved, and we have been able to grow sustainably, which in turn allows us to offer clients the most sustainable solutions for them.”
A self-perpetuating relationship for good, Home Credit Vietnam has taken advantage of its strong track record for sustainable finance by being one of the first financial institutions in Vietnam to deliver ESG reporting, so it can track how to best reach its ever-loftier sustainable aims.
“ There are many diverse ways to address sustainability,” adds Khang.“ You could focus on green financing, project financing and initiatives to reduce your environmental impact globally, but the best way is to start at the bottom of the ladder.
“ In Vietnam, delivering inclusion is the first step to delivering higher aims in sustainable finance. This helps to build a strong economic cycle to deliver on higher sustainable aims, like green financing.
“ Economic growth comes from consumption, so for us, it is about onboarding as much as the population so we can achieve our sustainable goals. It’ s not just important for us, but from a governmental perspective and the Central Bank of Vietnam too.
“ It’ s our role to deliver this to customers and our responsibility to make sure clients know their role in achieving economic growth. One way in which we do this is that our diverse workforce heads out into underserved communities and volunteers, handing out toys to young children and really connecting with the wider population.”
“ OUR HOME FOR LIFE INITIATIVE GIVES 0 % INTEREST LOANS TO DISADVANTAGED WOMEN TO EMPOWER THEM TO TAKE OWNERSHIP OF OPPORTUNITIES IN LIFE”
KHANG PHAM NGOC CHIEF FINANCIAL OFFICER, HOME CREDIT VIETNAM
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