NEWS & ADVICE : HOME LOANS
Saama Capital, Frontier invested Rs 22 cr in Shubham Housing
By Joseph Samson
Dec 5, 2012
Print    Email    RSS   

Saama Capital and Frontier Investment Group have invested Rs 21.90 crore in Shubham Housing Development Housing Finance Co.

Shubham Housing Finance mainly caters to the home financing needs of the low-income families.

Frontier Investment is a group company of Accion which is a non-profit organization which provides financial services to the under-served sectors.

Accion in a statement said, "Shubham's mission is to provide mortgages and home-improvement loans to low-income families in urban areas of India".

Shubham Housing Development Housing Finance Co. provide mortgages and home-improvement loans for quality housing, to individuals who are excluded from the formal financial systems, said in the statement. It is operating in 17 locations across seven states in India.

Ms. Monica Brand, Head of Frontier Investment aid, "Shubham's innovative operating model has the potential to change the way significant numbers of urban-Indians live-by delivering critical financial services to self-employed , low-income people".


 


(Comments Posted : 0) Post Your Comments
Show All Comments
COMPARE QUICKLY
 Select a product:
 

CALCULATE QUICKLY
 Select a product:
 

EDITORS' PICKS
Home Loans come with Tax Rebates!
Bank loans that could glitter for you
Factors to Evaluate before opting for Home...
Banking Ombudsman: to the aid of the customer
Financial Review: A must for every individual


I want my Housing loan provisional certificate....
PINJORE: CaℒL Giℛℒs In PiNjOrE 09915787550...
PINJORE: CaℒL Giℛℒ In PiNjOrE 09915787550...
how to gate my home loan certificate

NEWS THIS WEEK
Canara Bank earned a profit of 60%. Feb 6, 2015
New Branch of Laxmi Vilas bank at Vijayawada Jan 30, 2015
Home loan EMIs expected to drop down Jan 21, 2015
Corporation Bank received MSME banking excellence award 2014 Jan 19, 2015
Home loan rates set to fall, after reduction in repo rate Jan 16, 2015
News Archive