Swarna Pragati Housing Microfinance

lendingmicrofinance

FOUNDING YEAR: 2010
LOCATION:
Last Update: 04/07/2020

Subscribe to the MEDICI Inner Circle Membership and gain access to an exclusive Slack community where you can engage in discussions with global industry experts!

About

Swarna Pragati Housing provides micro housing loans in the states of Maharashtra, Odisha, Karnataka and Tamil Nadu. It provides loans through a SHG (self-help group) model and focuses on incremental housing (a model where low-income families build their houses one step at a time). The housing loans are provided both for fresh construction and for renovation/repairs/up-gradation of existing houses.

Focus

PRODUCTS & SERVICES

Micro Loans for housing to low-income groups Provides easy access to finance for housing needs in rural areas.

People

FOUNDERS

Anand Naik

A Ramesh Kumar

NUMBER OF EMPLOYEES

51-200

INVESTORS:

Aavishkaar Venture Capital

Aavishkaar Venture Capital

Asha Impact

Asha Impact

OMIDYAR NETWORK

OMIDYAR NETWORK

State Bank of India

State Bank of India

Zephyr Management

Zephyr Management

KEY EMPLOYEES:

Ramesh Kumar

Momentum

FUNDED

YES

DATE OF LAST FUNDING

Aug 2017

LISTED

NO

BASICS

FOUNDING YEAR:

2010

LOCATION:

Views:

28 VISITORS | 36 VIEWS
TOTAL EMPLOYEES
51-200

About

Swarna Pragati Housing provides micro housing loans in the states of Maharashtra, Odisha, Karnataka and Tamil Nadu. It provides loans through a SHG (self-help group) model and focuses on incremental housing (a model where low-income families build their houses one step at a time). The housing loans are provided both for fresh construction and for renovation/repairs/up-gradation of existing houses.

Subscribe to the MEDICI Inner Circle Membership and gain access to an exclusive Slack community where you can engage in discussions with global industry experts!

Focus+
Momentum+
People+
Other+

Join the exclusive global FinTech community

Be a part of the global FinTech community on Slack