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Project detail:
The project provides long-term senior secured debt financing to Aavas Financiers Limited to expand access to formal finance. It supports housing loans for Economically Weaker Section (EWS) and Low-Income Group (LIG) borrowers, with a target focus on women property owners, and business loans for Micro, Small, and Medium-Sized Enterprises (MSMEs). The project also promotes affordable certified green housing loans. It aims to address barriers to formal financing, improve access to housing and livelihood opportunities, support MSME growth, and contribute to social and economic inclusion.
Project Cost: USD 108.00 million total assistance: USD 8.00 million from the Canadian Climate and Nature Fund for the Private Sector in Asia and USD 100.00 million from ordinary capital resources.
Note: please download project document attached to this project for more information.
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