HFC Facility

pending

India Affordable Housing Finance Project (“the Project)The proposed project would involve an investment of up to US$38 million in Non-convertible Debentures (“NCDs”) issued by – Aspire Home Finance Corporation Limited (“Aspire”) Micro Housing Finance Corporation Limited (“MHFC”), and Aptus Value Housing Finance India Ltd. (“Aptus”). The project is intended to support the housing finance companies (“HFCs) in increasing its reach in the affordable housing finance segment. The proposed investment is consistent with the World Bank Group’s India Country Partnership Strategy (CPS) as it aligns with the engagement areas of (i) Inclusion – by improving access to affordable housing finance and enhancing investment in the low income states (ii) Transformation – through job creation by supporting the labor intensive affordable housing segment and (iii) Integration – giving increased access to financial services in Tier II and Tier III cities.