Aadhar Resp Fin

completed

The project will support the Housing Finance Company - Aadhar Housing Finance Private Limited (AHFPL) in developing and launching new products in housing finance targeted at lower-income households in India (with a focus on low-income states) and integrating responsible lending practices into its business operations. The project includes three main components: 1)Launch of new housing finance products: IFC will support AHFPL in launching and scaling up micro-mortgage products targeted at lower and lower-middle income households that meet a pre-defined selection criteria. 2)Capacity building and scale-up: This component is part of a larger capacity building program, which is being developed by IFC and will provide training to AHFPL's top management and select staff in the following areas: market opportunities in housing microfinance; legal and regulatory frameworks; product development; internal systems and credit appraisal processes; risk management; access to funding; etc. IFC's capacity building support will enable AHFPL to develop its internal systems and processes to expand its housing finance operations footprint across India. 3)Responsible finance management framework: As part of its broader responsible finance agenda, IFC will assist AHFPL in designing and developing a responsible finance management strategy, which will be integrated into its housing finance operations.