This is a complete cycle - banks provide credit to consumers who purchase goods with this money, the  6  BIS Review 5/2005  manufacturers respond to this higher demand by investing in new capacity and employing more people. As the new employees receive income they also add to the demand for these goods.
Similarly, the housing industry where steel, cement, paint, timber wood, electric gadgets, etc. are used is creating many more jobs in this sector. Unless there is credit available, except the millionaire/billionaire, the common man doesn’t have enough money to build a house for himself. Credit increases his purchasing power. Home is a basic need.