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AuHFL NCD

Sector: Consumer Products • Location: India

Source: International Finance Corporation (IFC)

Project
Completed

IFC proposes to invest up to US$20 mn through subscription of Non-Convertible Debentures (“NCDs”) issued by Aavas Financiers Limited (AFL), formerly known as Au Housing Finance Limited (“AuHFL” or the “Company”). The proceeds of proposed IFC’s financing will be utilized by AFL for supporting affordable housing finance for purchase / construction & extension of house to individual under low and med

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The project “AuHFL NCD” is an infrastructure initiative in the Consumer Products sector, located in India. Taiyo aggregates data on it from International Finance Corporation (IFC).

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Participants

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completed

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Description

Description

IFC proposes to invest up to US$20 mn through subscription of Non-Convertible Debentures (“NCDs”) issued by Aavas Financiers Limited (AFL), formerly known as Au Housing Finance Limited (“AuHFL” or the “Company”). The proceeds of proposed IFC’s financing will be utilized by AFL for supporting affordable housing finance for purchase / construction & extension of house to individual under low and medium income group in Rajasthan (a low income state) and nearby 5 states. AFL’s customers include dairy farmers, carpenters, garment traders, artisans, etc. Currently, almost 65% of AFL’s customers are self-employed. AFL has been awarded as “Best Housing Finance Company in Affordable Housing Segment” in the National Summit on Affordable Housing in July 2016, organised by Assocham Excellence Award facilitated by the Government of India.

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Source

Source reliability

High

Data quality score

100%

Source

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URL

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