Infrastructure sector projects by International Finance Corporation (IFC) in Multi Location
Project Information
7165
International Finance Corporation (IFC)
International Finance Corporation (IFC) plans to invest $38 million in housing finance companies (HFCs), which are focused on affordable housing finance segment.
The World Bank's investment arm said the proposed investment involve an investment of up to $38 million in non-convertible debentures (NCDs) issued by Aspire Home Finance Corporation Limited (Aspire) Micro Housing Finance Corporation Limited (MHFC), and Aptus Value Housing Finance India Ltd. (Aptus).
The project is intended to support the HFCs in increasing its reach in the affordable housing finance segment. The investment would provide financing to affordable housing finance companies operating in India with focus on small and micro loans
The proposed investment is consistent with the World Bank Group's India Country Partnership Strategy (CPS) as it aligns with the engagement areas of (i) Inclusion - by improving access to affordable housing finance and enhancing investment in the low income states (ii) Transformation - through job creation by supporting the labor intensive affordable housing segment and (iii) Integration - giving increased access to financial services in Tier II and Tier III cities.
Project Value
Refer document
Planning
Multi Location
Multi State
India
Infrastructure
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