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作者

Disha Bhanot;Manav Khaire;Arti Kalro;Shishir K. Jha

来源

HOUSING STUDIES,Vol.35,Issue3

语言

英文

关键字

作者单位

Tata Centre for Technology and Design, Indian Institute of Technology Bombay, Powai, Mumbai, India; ;Centre for Policy Studies, Indian Institute of Technology Bombay, Powai, Mumbai, India; ;Shailesh J. Mehta School of Management, Indian Institute of Technology Bombay, Powai, Mumbai, India;Shailesh J. Mehta School of Management, Indian Institute of Technology Bombay, Powai, Mumbai, India

摘要

Over the years, the importance of access to affordable finance has inevitably been recognized as a critical component of developing the third world. Against the backdrop of huge under-penetration of the housing finance sector in India, this study reflects on the functioning of Affordable Housing Finance Companies (AHFCs), which are among the important stakeholders providing affordable housing loans to the low-income segment households. However, the process through which these new entrants have been able to down-market housing finance remains a black box till date. In light of this research gap, this study proposes a conceptual model that succinctly captures the business process of AHFCs across three main dimensions: Outreach Approach, Lending and Underwriting Practices and Risk Management Interventions. This model reflects on the kaleidoscope of process innovations that the AHFCs have embraced to cater to the housing finance needs of the low-income customers, while achieving profitability and social impact.