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 links for more news on

Deutsche Bank

Home Credit

Also Read

South Korean banks’ bad loans rise in August

Australian mortgage arrears rise to highest in 10 years

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