1 / 16

HOUSING FINANCE FOR THE POOR : SEWA BANK EXPERIENCE

MHT. HOUSING FINANCE FOR THE POOR : SEWA BANK EXPERIENCE. Prepared by : MAHILA HOUSING SEWA TRUST 401-402, Akash Ganga Complex, Brahmakshatriya Co-op. Society, Gujarat College Road, Navrangpura, Ahmedabad: 380 009. Gujarat State, INDIA.

emma
Télécharger la présentation

HOUSING FINANCE FOR THE POOR : SEWA BANK EXPERIENCE

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript

  1. MHT HOUSING FINANCE FOR THE POOR : SEWA BANK EXPERIENCE Prepared by : MAHILA HOUSING SEWA TRUST 401-402, Akash Ganga Complex, Brahmakshatriya Co-op. Society, Gujarat College Road, Navrangpura, Ahmedabad: 380 009. Gujarat State, INDIA. Phone: 079-26560536, 26560558, 65446208 Telefax: 26560536, Web: www.sewahousing.org, Email: mahilahsg@gmail.com

  2. Mahila SEWA Bank A POOR INFORMAL SECTOR WOMEN’S BANK BASED IN WESTERN INDIA SERVING MORE THAN 3,00,000 WOMEN WORKERS

  3. Head Loaders Vegetable Vendors Rag - Pickers

  4. Capital Formation Process C A P I T A L House Assets Sickness, Social occassions Risk, Flood, Cyclones Savings Debits T I M E

  5. OBJECTIVE • TO HELP POOR WOMEN TO COME OUT OF THE VICIOUS CYCLE OF POVERTY • TO COME OUT OF THE CLUTCHES OF MONEY LENDERS • TO BUILD SAVINGS, CAPITAL AND ASSETS • TO BUY EQUIPMENTS • TO IMPROVE LIVING CONDITION • TO IMPROVE THEIR HOUSING CONDITION

  6. SERVICES • SAVINGS • CREDIT • INSURANCE • FINANCIAL COUNSELLING • MICRO PENSION • HOUSING FINANCE

  7. SERVICE DELIVERY MECHANISM • SIMPLE PROCEDURES • DOOR TO DOOR SERVICE • DAILY COLLECTION • COLLATERAL LESS LENDING

  8. Rationale • Keeping SEWA members and their families out of homelessness. • Helping them to upgrade their homes thereby improving their productivity and quality of life • Improving access to water, sanitation and other basic infrastructure services • Providing an asset to increase their economic security

  9. Challenges to SEWA Bank • Conventional forms of collateral were not available • There was high lending risk because of the financial vulnerability of the group, and • There was no blueprint to follow, in terms of banking with these women

  10. Challenges Were Met by • Assessing the credibility and financial behaviors of the members, rather than depending on traditional concepts of collateral for repayments, • Putting emphasis on peer group pressure as a mechanism to ensure prompt repayments • Providing extensive credit related extension services, • Creating the bank's own track record of banking for women, • Designing simple and suitable procedures and products, • Linking credit with other much needed support services like insurance, health care, child care, legal aid and skills training, in order to reduce the women's financial vulnerability and • Establishing a continuous, personal and interactive relationship with the clients.

  11. HOUSING LOAN INCLUDES • REPAIRING • EXTENSION/UPGRADATION • ADDING SERVICES • WATER • DRAINAGE • ELECTRICITY

  12. TERMS OF HOUSING LOAN • SHORT & MEDIUM TERM • COLLATERAL LESS • REPEAT LOANS IN SMALL AMOUNTS • COMPOSITE LOAN (Business and House) • WITHOUT LEGAL TITLES

  13. SEWA Bank Growth Profile

  14. MORTGAGE HOUSING LOAN • House in women’s name • Housing mortgage loan (specifically for new house) • 15% of total cost as margin money • 5 to 15 years term (according to women’s age) • Maximum upto Rs. 5 lakhs • Rate of Interest -13% at reducing balance.

  15. Housing Finance by SEWA BANK

  16. THANK YOU

More Related