According to the Bank’s website, the proposed project envisages an IFC own account equity investment of up to US$40 million in Vastu Housing Finance Corporation Limited, a non-banking financial company – housing finance company (NBFC-HFC), which provides affordable housing finance to lower and middle income segments and loans against properties (LAP) to micro, small and medium enterprises (MSMEs) in India. IFC’s primary equity investment will aid Vastu in further capitalizing the pick-up in credit growth in the affordable housing segment in the country post the waning of the Covid-19 pandemic. IFC’s investment will also help the Company offer green affordable housing loans to its customers, enhance their micro-housing and gender offerings, and improve their environmental and social (E&S) and climate risk governance.
|Private Actor 1
|Private Actor 1 Role
|Private Actor 1 Sector
|Private Actor 2
|Private Actor 2 Role
|Private Actor 2 Sector
|Vatsu Housing Finance Corporation Limited
Vatsu Housing Finance Corporation Limited
Udit Rajiv Kariwala
Vastu Housing Finance Corporation Limited Unit 203 & 204, 2nd Floor, A Wing, Navbharat Estate, Zakar
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