Summary of Advisory Services Project Information
Project Number
587787
Primary Business Area
Access To Finance
Disclosure Date
Aug 15, 2012
Country
India
Region
South Asia
IFC Approval Date
Jun 26, 2012
Status
Completed
Estimated Total Budget
$470,000.00
(Project budget includes all project-funded activities)
Last Updated Date
May 3, 2017
Project Estimated End Date
Jun 30, 2015
Project Description
The project will support the Housing Finance Company - Aadhar Housing Finance Private Limited (AHFPL) in developing and launching new products in housing finance targeted at lower-income households in India (with a focus on low-income states) and integrating responsible lending practices into its business operations. The project includes three main components:
1)Launch of new housing finance products: IFC will support AHFPL in launching and scaling up micro-mortgage products targeted at lower and lower-middle income households that meet a pre-defined selection criteria.
2)Capacity building and scale-up: This component is part of a larger capacity building program, which is being developed by IFC and will provide training to AHFPL's top management and select staff in the following areas: market opportunities in housing microfinance; legal and regulatory frameworks; product development; internal systems and credit appraisal processes; risk management; access to funding; etc. IFC's capacity building support will enable AHFPL to develop its internal systems and processes to expand its housing finance operations footprint across India.
3)Responsible finance management framework: As part of its broader responsible finance agenda, IFC will assist AHFPL in designing and developing a responsible finance management strategy, which will be integrated into its housing finance operations.
Development Results
Additional Documents
