Home Credit becomes a leading lender

The Czech conglomerate PPF Group took a decade to expand its presence in China, and its hard work has been repaid in growing revenue and consumer trust, company officials say.

Its subsidiary Home Credit has become a leading foreign lender to consumers in China, having provided services to more than 6 million Chinese customers, created 20,000 jobs, and its financing capacity has triggered a flow of more than 25 billion yuan ($4 billion) in economic demand.

Home Credit provides loans on motorcycles and consumer durable goods through retailer networks in China as well as cash loans.