SEWA Grih Rin Limited (India) (DFC-SEWA)

  • India
Geographic location where the impacts of the investment may be experienced.
Financial Institutions
  • US International Development Finance Corporation (DFC)
International, regional and national development finance institutions. Many of these banks have a public interest mission, such as poverty reduction.
Project Status
Stage of the project cycle. Stages vary by development bank and can include: pending, approval, implementation, and closed or completed.
Bank Risk Rating
Environmental and social categorization assessed by the development bank as a measure of the planned project’s environmental and social impacts. A higher risk rating may require more due diligence to limit or avoid harm to people and the environment. For example, "A" or "B" are risk categories where "A" represents the highest amount of risk. Results will include projects that specifically recorded a rating, all other projects are marked ‘U’ for "Undisclosed."
SEWA Grih RinLimited (SGRL)
A public entity (government or state-owned) provided with funds or financial support to manage and/or implement a project.
  • Finance
  • Infrastructure
The service or industry focus of the investment. A project can have several sectors.
Investment Type(s)
The categories of the bank investment: loan, grant, guarantee, technical assistance, advisory services, equity and fund.
Investment Amount (USD)
$ 30.00 million
Value listed on project documents at time of disclosure. If necessary, this amount is converted to USD ($) on the date of disclosure. Please review updated project documents for more information.
Project Cost (USD)
$ 46.00 million
Value listed on project documents at time of disclosure. If necessary, this amount is converted to USD ($) on the date of disclosure. Please review updated project documents for more information.
Primary Source

Original disclosure @ DFC website

Updated in EWS Jun 15, 2020

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Project Description
If provided by the financial institution, the Early Warning System Team writes a short summary describing the purported development objective of the project and project components. Review the complete project documentation for a detailed description.

According to the bank document, the project will support "SEWA Grih RinLimited (“SGRL”) to expand its housing portfolio for low-income women borrowers in India. SGRL is an Indian housing finance company licensed by the National Housing Bank. SGRL provides micro-housing loans to low-income women borrowers, primarily working in the informal economy. The average annual income of an SGRL borrower is $1,682 and the average loan size is $3,300. SGRL’s various loan products provide financing for home purchases, construction, and crucial improvements. 

SGRL’s financing often supports crucial home improvement projects, such as the construction of a permanent roof or addition of a toilet, which make the difference between a substandard, informal dwelling and a safe and secure home. SGRL promotes financial inclusion by bringing financial services to those working in the informal economy. By insisting that the homes it finances be titled under the woman’s name or as a joint property, SGRL alsoadvances women’s empowerment in India by creating assets for its women borrowers. Since commencing operations in 2015, SGRL has reached over 5,000 borrowers, improving the living conditions of over 25,000 people. SGRL has experienced rapid growth, achieving a total portfolio size of $15,200,000 in November 2018, while maintaining a high-quality portfolio with a non-performing loan rate of less than 1%. SGRL currently operates 23 branches across six Indian states and employs 197 people..."

Investment Description
Here you can find a list of individual development financial institutions that finance the project.
Private Actor 1 Private Actor 1 Role Private Actor 1 Sector Relation Private Actor 2 Private Actor 2 Role Private Actor 2 Sector
- - - - Acumen Fund Parent Company -
- - - - AHI Capital Gateway Parent Company -
- - - - SEWA Grih Rin Limited Client -

Contact Information
This section aims to support the local communities and local CSO to get to know which stakeholders are involved in a project with their roles and responsibilities. If available, there may be a complaint office for the respective bank which operates independently to receive and determine violations in policy and practice. Independent Accountability Mechanisms receive and respond to complaints. Most Independent Accountability Mechanisms offer two functions for addressing complaints: dispute resolution and compliance review.

No contact information provided at the time of disclosure.

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How it works