Original disclosure @ IFC website
Updated in EWS Jun 19, 2019
Disclosed by Bank May 16, 2019
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According to the bank website, The purpose of the proposed IFC investment is to expand the Company's affordable housing finance program in rural/semi-urban markets of Rajasthan and nearby states. About 65% of AFL’s customers are self-employed, majority of them have no formal proof of income, and almost 40% are first time borrowers; and about 85% of its financing is used for self-constructed single unit houses. AFL’s was awarded the “Best Housing Finance Company in Affordable Housing Segment” by the Government of India at the National Summit on Affordable Housing in 2016 in recognition of its work in affordable housing finance.
Aavas Financiers Limited
Mr. Ghanshyam Rawat, CFO
+91 141 4659244
201-202, Southend Square SP-1, 4th Floor, Mansarover Industrial Area, Jaipur – 302020
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