Leading purposes of taking out loans by households Philippines Q4 2023

Published by
Christy Balita,
Jan 8, 2024
According to a survey on consumer expectations during the fourth quarter of 2023,more than 50 percent of the surveyed households in the Philippines took out loans to purchase basic goods. Meanwhile, about 27 percent of respondents applied for loans to start or expand their businesses.

Most popular purposes of loans among households in the Philippines during 4th quarter 2023

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Release date

December 2023

Region

Philippines

Survey time period

October 2 to 13, 2023

Number of respondents

5,256 households

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