DCM Aavas NCD II
Sector: Residential • Location: India
Source: International Finance Corporation (IFC)
IFC proposes a debt investment of up to US$50 million in Aavas Financiers Limited (“AFL” or the “Company”) through subscription of Non-Convertible Debentures (“NCD”) issued by AFL or as loan under the External Commercial Borrowings (“INR ECB”) guidelines. The purpose of the proposed IFC investment is to expand the Company's affordable housing finance program in rural/semi-urban markets of Rajastha
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Participants
Sponsoring Agency | Obfuscated Data |
Company | Obfuscated Data |
Status
Original status | completed |
Taiyo status | Obfuscated Data |
Taiyo last update | 00-00-0000 |
Available timestamps | 00-00-0000 |
Available timestamp type | Obfuscated Data |
Contact
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Address | Obfuscated Data, Obfuscated data, obfuscated data, Obfuscated data |
Description
Description | IFC proposes a debt investment of up to US$50 million in Aavas Financiers Limited (“AFL” or the “Company”) through subscription of Non-Convertible Debentures (“NCD”) issued by AFL or as loan under the External Commercial Borrowings (“INR ECB”) guidelines. 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 (the Project). 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 (GoI) at the National Summit on Affordable Housing in 2016 in recognition of its work in affordable housing finance. |
Original sub-sector | Obfuscated |
Original Currency | USD |
Original budget | 000000000000000 |
Procurement method | Obfuscated Data |
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Location
Region | Obfuscated |
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State | Obfuscated Data |
County | Obfuscated |
Location | Obfuscated Data, Obfuscated data, obfuscated data, Obfuscated data |
Source
Source reliability | High |
Data quality score | 100% |
Source | Obfuscated Data |
URL | obfuscated_data,obfuscateddata.com |
More Details
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