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Main Feature Marketing Southeast Asia

Top Story: Home Credit PH’s radio program aims to boost financial literacy of the underserved

Personal finance is such an essential and crucial part of our success, and yet not everyone has access to content to help build one’s financial literacy. This is the goal of Home Credit, the consumer finance company, in the Philippines when they recently launched the ‘Payo Para sa Life’ (Advice for life) radio program. 

Together with Manila Broadcasting Company (MBC) and independent media agency PraXis, Home Credit launched an on-air radio program on local radio station DZRH that aims to share useful learnings and insights for financial literacy. 

Watch our full interview with Home Credit PH’s CMO Sheila Paul

Sheila Paul, Home Credit’s CMO in the Philippines, sat down with MARKETECH APAC to share more about its rationale and concept. 

The program airs at the very early morning timeslot of 4:00 to 5:00 am and this is because they are specifically targeting market vendors, farmers, fisherfolks, public transportation drivers, and security guards, who are already up and running at this particular hour. 

Why this group, Paul said, “At Home Credit, we really believe that we should focus on the grassroots level when it comes to financial literacy, [and] the same with financial inclusion, mostly these are [the] sectors that get neglected or [are] underserved.”

“Definitely, we want to focus on the class that is very hardworking. In fact, they [have] to get up super early in the morning to be able to do their jobs and travel somewhere, and that’s definitely when they have the time to listen to the radio,” she adds. 

At a time when newer media formats have sprung up–such as podcasts– some would say that radio is a slowly dying medium, but Paul said that it is about finding the right channel for their target audience. 

“Through our media studies, we still see that radio listenership is quite high, especially in the remote areas. And although digital platforms, as well as internet penetration, have expanded over the last few years, still, only 50% of Filipinos are able to access the internet daily, so their main source of news and information, as well as entertainment, is still the radio, especially in the said sector,” said Paul. 

Watch and listen to the full interview with Paul, which is now streaming on Spotify and YouTube.  

In the conversation, Paul further imparts her insights on the current financial industry, specifically the growth of BNPL services, and shares the broader state of the financial literacy of Filipinos and the role that consumer financial services like Home Credit play in their financial success. 

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Marketing Featured Southeast Asia

Home Credit PH gives hope for new beginnings in new ad, features new song by Moira dela Torre

Manila, Philippines — Home Credit Philippines (HCPH), a consumer finance company, has launched the ‘Para sa Life’ campaign that shares a message of hope for a better life for Filipinos. This new initiative of Home Credit is launched through a campaign video with a song performed by Filipino singer-songwriter Moira dela Torre.

With the hope to inspire new beginnings, Home Credit positions itself as a reliable financial partner that assists Filipinos as they begin a new chapter in life. Apart from providing financial assistance and literacy, Home Credit aims to empower Filipinos to claim what they deserve and to jump-start a new life through various opportunities they offer.

Sheila Paul, CMO of HCPH, said, “This new song of Home Credit encapsulates the brand’s promise of companionship through the use of their easily accessible and affordable finance products, especially for the underbanked and underserved customers.”

Paul adds, “Furthermore, the song relays that Home Credit is ideal for young families and starting individuals who aspire to establish their lifelong plans and helping them turn small dreams into reality. The campaign video is posted on Home Credit’s Facebook and YouTube pages.

Aside from the new song and to continue its campaign for financial literacy Home Credit will be launching ‘Payo Para sa Life’ (‘Advice for Life’), a two-minute daily radio show. The show is produced in partnership with Manila Broadcasting Company (MBC), and local independent media agency PraXis.

The show aims to reach different communities and individuals across the country to discuss fundamental financial literacy issues and to educate them about the intricacies of finance, from primary budgeting to helping them make the most practical personal purchases. The radio show airs on DZRH primetime between 4:00 a.m. to 5:00 a.m. daily.

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Platforms Featured Southeast Asia

Home Credit teams up with Manila Broadcasting Company, PraXis, for on-air financial literacy program

Manila, Philippines – Consumer finance company Home Credit in the Philippines has partnered with the Manila Broadcasting Company (MBC) and local independent media agency PraXis, to produce an on-air radio program over MBC’s radio station DZRH and its sister stations across the archipelago.

The two-minute daily radio show will discuss topics around the fundamental financial literacy issues every Filipino needs to know—saving money, managing budget, accessible financial options, rising above debts, growing money, and tips on entrepreneurship. The radio program will also tackle digital transformation and financial fraud prevention.

Said effort is in line with Home Credit’s thrust of championing environmental, social, and governance (ESG) programs by pushing financial inclusion among the underserved sector in the country. This is also in support of the government’s goal of pushing financial literacy to more Filipinos, especially among those in the informal sector.

Ken Lerona, head of PR at Home Credit Philippines, said, “With the majority of Filipinos still trying to rise from the effects of the pandemic, the financial literacy radio program hopes to uplift the lives of the hard-working class by helping them choose sound decisions in managing their hard-earned money and keeping their overall financial health.”

He added, “Now, more than ever, we need to own our part and collaborate to help the nation, especially our fellow Filipinos who are unbanked and underserved. Through this collaboration with DZRH and PraXis, we at Home Credit hope to push financial inclusion and financial literacy to millions of our kababayans (countrymen) across Luzon, Visayas, and Mindanao.”

To effectively carry out this radio program, Home Credit Philippines and PraXis will collaborate to find topics that will help address and shed light on Filipinos’ financial concerns.

Jun Nicdao, president of the Manila Broadcasting Company, commented, “As the most credible A.M. station that Filipinos listen to, it is an honour for us at MBC-DZRH to provide Home Credit the platform to promote financial literacy among Filipinos. We are confident that through this partnership, we will be able to equip Filipinos with the right values and knowledge that will help them come up with the right decisions in their personal finances.”

Meanwhile, Gladys Basinillo, CEO at PraXis, said, “We are delighted to be part of Home Credit and DZRH’s advocacy in promoting financial literacy and inclusion among Filipinos. It is a collaboration that we really look forward to, and we hope to inspire Filipinos to be better at managing their finances. We’re excited to bring people and institutions together in making initiatives that can impact the lives of Filipinos.”

The financial literacy program will air on DZRH beginning June 2022, during its prime time between 4:00 to 5:00 a.m.