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  • Member Login
You must include atleast 3 characters!
  • ABOUT BCtA
    • ABOUT BCtA
    • INCLUSIVE BUSINESS AND SDGS
    • OUR TEAM
    • OUR PARTNERS
    • BCtA TIMELINE
    • GET IN TOUCH
  • JOIN BCtA
  • OUR MEMBERS
  • NEWS & EVENTS
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    • NEWS
    • WEBINARS
    • EVENTS
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    • ANNUAL FORUM 2019
    • ANNUAL FORUM 2020
  • RESOURCES
    • OUR INSIGHTS
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    • COVID-19 RESOURCES
    • MULTIMEDIA
  • IMPACT
    • IMPACT LAB
    • IMPACT CHAMPIONS
  • TOOLKITS
    • MATURITY JOURNEY
    • IMPACT LAB
    • MANAGEMENT PRACTICES
    • HUMAN RIGHTS AND IB
    • IB IN SUB-SAHARAN AFRICA
    • GENDER EQUALITY FOR BUSINESS
    • SME ACTION PLATFORM
    • SDG CORPORATE TRACKER COLOMBIA
  • BCtA ANNUAL FORUM

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Shubham Housing Development Finance Company

Business Call to Action >Members >Shubham Housing Development Finance Company

Member Details Section

Shubham Housing Development Finance Company

BCtA Membership StatusActive

Building communities through access to home financing in India

Sector
Financial Services, Manufacturing, Construction & Housing
Region of Initiative
Asia & Pacific
SDG contribution
SDG 1: No poverty, SDG 9: Industry, innovation and infrastructure, SDG 11: Sustainable cities and communities

Shubham Housing Development Finance Company provides housing finance solutions to families with informal incomes through an innovative credit program that looks beyond income proofs on paper. It does this by taking a holistic view of customers needs and providing credit to people who are outside the purview of formal credit structures, enabling families to secure home ownership and make improvements, which gives them access to other services and a standing in the community.

Since formal financial institutions will not invest their time in assessing this population's credit-worthiness, families with informal incomes are charged high interest rates by informal lenders or completely excluded from home financing. Exclusion from financing creates a poverty trap, where home ownership is virtually impossible, and families with informal incomes are forced to rent their property. Instead of building equity in a home, tenants in urban India are often restricted to short-term leases that are subject to huge increases upon renewal or eviction.

Shubham has responded to this need by engaging informal customers in a discussion about their life story: where they come from, what they do, how they earn, spend and save. Relationship officers meet with potential customers and establish their personal and familial integrity through a comprehensive process, while credit officers follow up with financial due diligence. The company hires its officers from target communities since local people understand clients needs and the challenges they face.

By 2018, the company aims to be provide 50,000 families in India with home financing. The company is now exploring options for lowering the rate of interest at which it borrows money so that it can pass on those savings to its clients.

Publications - Case Studies

Publications & Multimedia

Can taking stock of your social impact improve business? An inclusive business advancing financial...

  By Vidyut Perti, Head of Strategy, Marketing & Partnerships, Shubham Housing Development Finance Company   Eighty-one percent...

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Our Insights

Publications - Publications

News

Impact Case Study: Shubham Housing Development Finance...

13 Sep 2020 - Shubham Housing Development Finance Company particpated in the Impact Champions Programme to understand how its innovative business model directly and indirectly impacted clients’ lives. Istanbul, 10 September...

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Shubham Housing Development Finance: Building communities...

21 Sep 2016 - Gurgaon India, 30 April 2015 - Shubham Housing Development Finance Company has announced its commitment to the Business Call to Action (BCtA) with the goal of providing 50,000 families with home financing and...

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