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ABOUT US
Who are we?
The firm was registered under the IPA Act on May 23, 2024. It is locally owned and registered as a taxpayer with IRC.
Homeland Finance is established on the back of the compelling need for low-cost loans for personal consumption by workers in the public and private sectors.
Homeland Finance is to promote the wise use of credit and fair customer service principles.
The firm will strive to achieve excellence in all facets of its operations and pursue transformation process as it progresses further. This is to be achieved with the engagement of the right people with the right set of skills and attitude.
We are a credit transacting business, so our focus is on lending money out to our customers. We will be able to make credit recommendations on a timely turnaround basis, but ones which are based on sound credit ratings and risk mitigation policy. Credit approvals and disbursements are to be made within 24 hours of credit approval.
Credit service providers charge fees for transaction processing, Homeland Finance's processing fees are relatively low compared to the others. Low processing fees are features of mutual credit providers which Homeland Finance wish to replicate.
Our research in the credit industry, establishes that credits taken with regular repayments through payroll deductions often perform better with than credits that are repaid over the counter. Our challenge is finding the right mix for our target clientele.
Risk management is a critical function of credit providers, regardless of balance sheet size, clientele domain or formality. Consumer credit is a risk driven business. Managing risk is articulated by best business practices, legislations and regulatory directives as well as the internal control policies of Homeland Finance. Homeland Finance is risk conscious and will strive to mitigate risks as best practice.
We will aim to respond to our customers' needs in terms of designing products according to their needs. We will pursue customer-driven products.
Progressing into the future, we aim to build our balance sheet steadily so in the next 5 to 10 years, we envision being a competitive player in the consumer and mortgage lending market as well as becoming a regulated entity so we can widen the scope and array of products and services to meet expectations of our clients.