SINGER Key Growth Drivers and Financials
Key Growth Driver 5 - Multiple financial services offerings
Drives significant footfall to stores
Consumer credit products¹
Hire purchase
•64% of retail sales²
119,164 accounts³
Initial Monthly
Payment Payments
•Over 100 years experience
Financial services (over 64,500 transactions per month 2)
Consumer protection plans
Utilities payments (Bill Pay)
•Unique Singer processes 1
Remittances (Western Union)
•Low credit default rates¹
Mobile phone re-loads (Grameen Phone)
•94% of receivables in advance¹
Mobile Money (Bkash)
Note:
1. Details of credit granting, monitoring and collection processes are provided in Appendix 3, with details of receivables performance in Appendix 4
2. For the 12 months ended 31 December 2017
3. As at 31 December 2017
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