Micro Housing Finance Corporation National Housing Bank - Asia Pacific Union: Housing Finance January 30-31 2012 New Delhi.

Slides:

Advertisements

Similar presentations

Newtek Business Services, Inc. Business loans to meet your financing needs.

Advertisements

Your Name – Your Business Helping People Improve & Protect Their Credit Credit Concepts I.

Financing Housing with New Markets Tax Credits February 21, 2008.

Recently released ECB statistics on securitisation Jani Matilainen DG-Statistics / ECB OECD Working Party on Financial Statistics Paris, 24 October 2011.

Treatment of social insurance schemes in the 2008 SNA Regional Seminar on Developing a Programme for the Implementation of the 2008 SNA and Supporting.

Presenter: Scott Weller Director of Finance Ansaar Management Company Lahore, Pakistan 30 January, 2012.

Role of Construction Finance in Affordable Housing.

January 2010 Alok Prasad 27 th January 2010, Delhi Micro Housing Finance – Scaling up Conference on Affordable Housing & Housing Finance.

Facilitates funds flow from CAPITAL MARKET to HOUSING SECTOR HOUSING FINANCE IN INDONESIA ASIA PACIFIC UNION OF HOUSING FINANCE INTERNATIONAL CONFERENCE.

Affordable Housing Policies and Programs Thailand.

HOUSING FOR MIDDLE-LOW J.Aldarjavkhlan. CEO of Mongolian Housing Finance Corporation 2011 INCOME FAMILIES.

European Investment Bank

Open Days 2007 Micro-credits for Regional and Local Development Brussels, 10 October 2007.

microloans via the internet Vision and mission VISION To PROVIDE ECONOMIC OPPORTUNITIES FOR LOW AND MODERATE INCOME FAMILIES IN THE USA REGARDLESS OF.

Financial Education and Career Planning Review Quiz Unit-4 Credit and Credit Cards.

L&T Finance Corporate Finance Construction Equipment Commercial Vehicle Rural Finance Micro Finance Distribution Financial Inclusion : A panacea for sustainable.

“CREDIT RISK GUARANTEE FUND TRUST FOR LOW INCOME HOUSING (CRGFTLIH)”

CREDIT RISK GUARANTEE FUND SCHEME FOR LOW INCOME HOUSING.

Susheel Kumar, I.A.S. Joint Secretary, Ministry of Housing and Urban Poverty Alleviation Government of India 1.

CU Partners is a division of Stearns Lending, Inc. (established 1989) Licensed in 49 States + D.C. Funded $25 Billion over past 3 years (100,000+ loans.

Buying a Home in Todays Market Wells Fargo Home Mtg. Encino CA. 10/30/2012.

Private Money Partners 2013 Opportunities……. Disclaimer This is not an offer to purchase or sell securities. Any person, entity, or organization must.

MARKET PLUS. Market Trends SENSEX is around10,000 points….. Volatility of Market Awareness of Unit Linked Plans Focus on liquidity.

InterBay Funding Corp. 1 We have access to the Capital Loan Program Financing (Equity Lending) Institutional lender specializing in small commercial /

Depository Institutions

Asian Pacific Union of Housing Finance Conference Housing Finance: New Approaches for Access to Finance April 11, 2013 Ira G. Peppercorn Housing Finance.

February 2014 Social Enterprise Northwest Social Finance Fair.

David Rodgers Executive Director CDS Co-operatives ICA Housing - President All Party Group on Co-operatives and Mutuals 9 May 2012 Northern Ireland Assembly,

NSP Plan Introduction Activity/ Strategy Estimated Amount Estimated Units A.Establish financing mechanisms for purchase and redevelopment of foreclosed.

Banking and the Management of Financial Institutions

Credit Risk: Individual Loan Risk Chapter 11

Thessaloniki, 4 October 2010 Key elements of the Hungarian Student Loan Scheme.

NATIONAL PENSION & PROVIDENT FUND ~ Presented by, Tenzin Lhaden & Tshering Lham.

Beijing, China October 19, 2007 Taking Action for the World’s Poor and Hungry People Scaling up Micro-finance: Initiatives by the Private Sector The Case.

IFC Experience with Responsible Microfinance in ECA Nataša Goronja, Operations Officer, IFC Tbilisi, January 31 st, 2014.

Home Buying Process Financial Options. Objectives Define the Four “Cs” of the Loan Process Determine How Much You Can Afford for a House Calculate Front-End/Back-End.

1 How can Hong Kong Mortgage Corporation Limited play an important role in secondary mortgage loan market in Hong Kong?

SINGLE FAMILY HOUSING: PRICING, INVESTMENTS, AND TAX INVESTMENTS OBJECTIVES Analysis of Investment Property Tax and Depreciation Effects Appraisals Income.

CHAPTER SEVEN SINGLE FAMILY HOUSING: PRICING, INVESTMENTS, AND TAX INVESTMENTS.

Refinance Issues and Way Forward Peeyush Pandey Manager National Housing Bank April 20, 2012.

Forensic Loan Audit Keeping thing simple. Our Commitment! ………………………………………………………………

Mortgage Finance Opportunities and Challenges By Taimur Afzal, Chairman ASSOCIATION OF MORTGAGE BANKERS (AMB) March 25th

State of the Sector 2010 N.Srinivassan 15 November Microfinance India Summit - 15 November New Delhi.

SEPTEMBER 11, 2014 BANK VS. CREDIT UNION. INTRODUCTION VIDEOS

Why is financial inclusion important? Financial inclusion is about ensuring that everyone has access to appropriate financial services to Manage their.

Financial Inclusion Gillian Draper Social & Economic Regeneration SE London Housing Partnership October 2010.

A-rural housing scenario B- Sarva UP rural finance initiatives Y P Issar.

Presentation to the National Council of Provinces 12 JUNE 2002.

Private Mortgage Lending How You Can Securely Earn Double-Digit Interest Rate.

Microfinance in India Evolution of Microfinance in India Microfinance has been in practice for ages ( though informally). Legal framework for establishing.

Real Estate Principles and Practices Chapter 16 Investment and Tax Aspects of Ownership © 2014 OnCourse Learning.

Financial Inclusion : The Task Krishan Jindal. Financial Inclusion - Definition Delivery of financial services at an affordable cost to vast sections.

Affordable Housing – Way Ahead? MICRO HOUSING FINANCE CORPORATION Housing Finance: The Emerging Contours CAFRAL & NHB Round Table October 7, 2011 | New.

Mission To expand the economic assets, participation, and power of low-income women and their households by helping them.

Micro Housing Finance Corporation Micro Mortgages for Low Cost Housing 32 nd Meeting of the National Housing Bank New Delhi | August

 Represents English HAs  1,000 members (99% coverage)  2 million homes for 5m disadvantaged.

Status of the Bank’s Rural Finance Loan Portfolio: Summary Statistics and Main Issues Jacob Yaron (RDV) June 2002.

SBA 504 Loan Program Long Term Fixed Asset Financing For Small Businesses.

SparebankenØstSparebankenØst SPAREBANKEN ØST PAGE 2 Sparebanken Øst Trond Tostrup CEO Kjell Engen CFO Sparebanken Øst Presentation for investors, October.

SME Financing – A case of CRDB Bank PLC (Tanzania) Rehema Mhina Shambwe Senior Relationship Manager -SME DANIDA Development Day, Copenhagen 8-9 June.

Mortgage Finance Opportunities and Challenges By Taimur Afzal, Chairman ASSOCIATION OF MORTGAGE BANKERS (AMB) March 25th

EVOLUTION OF HOUSING FINANCE In 1970 HUDCO established to finance housing and infrastructure Emergence of HDFC in 1977 as a first housing finance co.

Apply For DCB Bank Home Loans Online. About Us Get DCB Bank Home Loan with lowest interest rates and instant approval from Logintoloans.com. Fill the.

R. V. Verma National Housing Bank India

Apply for HDFC Personal Loan. Apply online for best personal loan, Compare Personal Loan interest rates from top banks and apply online for quick approval.

3 Phase CPN Credit Repair and Funding Program

Responsible investor challenge: M & As, Exits, IPOs

Presentation transcript:

Micro Housing Finance Corporation National Housing Bank - Asia Pacific Union: Housing Finance January New Delhi

Micro Housing Finance Corporation Indias Housing Shortage The Market LIG housing shortfall: 25 MM units LIG housing market size: Rs tr The Social Need Even if houses built, 90 % of workforce employed in informal sector Monthly earnings: Rs. 5,000 to 30,000 Excluded from mainstream housing finance MHFC seeks to bridge this gap 3 Worli Slum, Mumbai

Micro Housing Finance Corporation Vision To help urban low income / financially excluded families own a home Philosophy Value for Money for Many Market Driven Solutions to address social issues; Inclusive Approaches to Lending; Sustainable and Scalable; Deploy best in class technologies Strategy Similar to other HFCs (product / processes / spreads) except (a) customer segment (b) project based About MHFC 4 Chandrakant Kharvi, Welder in Mumbai

Micro Housing Finance Corporation Loan Size: Up to Rs. 10,00,000 Loan to Value Ratio: 80% Loan Term: up to 15 years Interest Rate: 12% to 14% (reducing) Fees: 1% sanction; NIL prepayment Security: mortgage of the house being financed Covenants: Bank Account (ECS) / Insurance Our Product 5 Kailash Naikwade, Tailor in Pune

Micro Housing Finance Corporation Incorporated June 2008 / NHB license Feb 2009 / Commenced operations in June 2009 Equity Capital: Rs cr Total Amount Sanctioned: Rs. 52 cr Total Amount Disbursed: Rs. 30 cr Average Loan Size: Rs. 4 lakhs Average LTV: 65% Average Tenor: 12 years Past Dues (till date): 0 Number of Approved Projects: 50 Our Status 6 Bharat Sharma, Tailor in Indore

Micro Housing Finance Corporation 1 Our Customers Average MHI: Rs. 8,000 to Rs. 20,000 Primary employed in the informal sector Breakup of Portfolio by Occupation Type I Average HH Size: 5 Households with multiple earning members Currently living in rental housing or illegal tenements Aspiration to own their own homes Salaried37% Self Employed34% Salaried & Self Employed29%

Micro Housing Finance Corporation Customer Awareness (projects / MHFC) Credit (untested / self exclusion) Time to decide (so outbooked) Pricing going up (out of reach) Construction (Builder) Delivery risk Changing Segments Low Priority Capital Debt (Tenor / Pricing / Start Up) ECBs not permitted NHB Refinance is post fact and based on outstandings 7 Our Challenges Ibrahim Shaikh, Garage Servicer in Mumbai

Micro Housing Finance Corporation Advantages Knowledge of the target (informal sector) market Customer acquisition and outreach Credibility Collection mechanisms Roadblocks Long term lending Interest rate mis-match / adjustment Localized operations Lack of clarity on regulations 8 MFIs & Housing Finance Jalinder Mhoprekar, Spice Vendor in Mumbai

Micro Housing Finance Corporation 9 Conclusions HFCs Risk Management & Back Office Capabilities MFIs Customer Acquisition & Collection Mechanisms + Successful Micro Mortgage Finance Rahul Singh, Auto Servicer in Thane

Micro Housing Finance Corporation 10 Contact Us Micro Housing Finance Corporation # 3 Victoria Building, 1 st Floor SA Brelvi Marg, Off Horniman Circle Fort, Mumbai Tel: (022) or Website: