Home Credit is headquartered in the Netherlands, but almost all of its business is in retail lending in emerging markets, including Russia, Vietnam, and China.

家庭信贷总部在荷兰，但是它的所有业务差不多都是在新兴市场的零售业借贷，包括俄罗斯，越南和中国。

Emerging markets do not have those.

新兴市场却没有这些条件。

Emerging markets look promising, too.

新兴市场看起来也前途灿烂。

That's even truer in emerging markets.

在新兴市场中，更是如此。

For emerging markets it's 40% per year.

对于新兴市场，每年波动40%。