Home Credit Indonesia closes $10m ESG-linked loan with Deutsche Bank

The loan will be used to increase financial inclusion and literacy.

Home Credit Indonesia has closed a $10m ESG-linked loan facility with Deutsche Bank that focuses on performance targets linked to ESG principles.

The performance targets linked to the loan focus primarily on financial inclusion and literacy. Home Credit will aim to increase first-time as well as female customers, in line with the Indonesian government’s plan to meet its 90% digital financial inclusion target by the year 2024.

“This funding will open broader opportunities for the Indonesian population, especially those who do not have access to formal financial services. Aside from providing affordable and transparent services that meet customer needs, we will additionally provide educational initiatives in several cities to increase financial literacy in Indonesia, alongside government efforts,” Director for Home Credit Indonesia Volker Giebitz said.

The ESG-linked loan complies with the Sustainability-Linked Loan Principles of the Asia Pacific Loan Market Association that support environmentally and socially sustainable economic activity, and performance targets will be independently verified by a third-party advisor.

This marks Home Credit’s first ESG-linked loan in Indonesia.

Follow the link s for more news on

Deutsche Bank

Home Credit

Also Read

Malaysia's private sector credit grows 5.4% in April

Hong Kong mortgage loans drawdown rises by 9.9%

Since you're here...

...there are many ways you can work with us to advertise your company and connect to your customers. Our team can help you dight and create an advertising campaign, in print and digital, on this website and in print magazine.

We can also organize a real life or digital event for you and find thought leader speakers as well as industry leaders, who could be your potential partners, to join the event. We also run some awards programmes which give you an opportunity to be recognized for your achievements during the year and you can join this as a participant or a sponsor.

Let us help you drive your business forward with a good partnership!

I want to download the media kit

Top News

What is Lorem Ipsum?

What is Lorem Ipsum? Lorem Ipsum is simply dummy text of the printing and typesetting industry. Lorem Ipsum has been the industry's standard dummy text ever since the 1500s, when an unknown printer took a galley of type and scrambled it to make a type specimen book. It has survived not only five centuries, but also the leap into electronic typesetting, remaining essentially unchanged. It was popularised in the 1960s with the release of Letraset sheets containing Lorem Ipsum passages, and more recently with desktop publishing software like Aldus PageMaker including versions of Lorem Ipsum.

Evergreen Group obtains financing license to expand in Malaysia