SEWA Mutual Benefit Trust is the promoter of SEWA Grih Rin Limited ; a new initiative of SEWA ( Self Employed Women’s Association). The SEWA Mutual Benefit Trust (SMBT) is mandated to empower and build capacities of poor women working in informal sector to become stakeholder in the new Company by contributing small amount of minimum Rs.300 each. Thus, these women become both the stakeholders in the new Company through Promoter Trust and also benefit from access to housing finance. The amount contributed by women SEWA Mutual Benefit Trust is invested by way of equity in the HFC; SEWA Grih Rin Ltd. as promoter’s contribution of SMBT.
NHB is a state owned bank and regulation authority in India, created on July 8, 1988 under section 6 of the National Housing Bank Act 1987. The institution, owned by the Reserve Bank of India, was established to promote private real estate acquisition. The NHB is regulating and re-financing social housing programs and other activities like research and IT-initiatives, too.
VISION Promoting inclusive expansion with stability in housing finance market
HUDCO is involved in providing long term finance for housing and urban development programmes in the country along with providing consultancy services for the same in the country. HUDCO is also involved in implementation of Govt of India’s Action Plan Schemes etc.
Axis Bank Limited is a company incorporated under the provisions of the Indian Companies Act, 1956/2013 on 3-12-1993. Axis Bank is a private sector bank in India. The main activities include financial services to customer segments covering Large and Mid-Corporates, MSME, Agriculture and Retail Businesses.
It is a non banking financial company registered with the Reserve Bank of India under certificate of registration bearing number N-13.01337 issued on May 15, 2000. The main activities include Financial Services except Insurance and Pension.
Lok Capital II LLC (the ‘Company’) has been incorporated on 28 May 2010 in the Republic of Mauritius as a private limited life Company limited by shares in accordance with the Companies Act 2001. It has been granted a Category 1, Global Business Licence by the Financial Services Commission. The Company was established to make equity and quasi-equity investments in Indian Companies providing microfinance and associated services and products (“Micro-finance institutions”) to or through the poor in India.
AHI CG is a capital intermediary, funded with initial capitalization of $1,500,000 via a grant from the Bill & Melinda Gates Foundation, that demonstrates the viability of lending to poor urban dwellers via Mission Entrepreneurial Entities (MEEs) that in turn provide loans to poor urban dwellers seeking to improve their housing.
Acumen Fund, Inc., is a not for profit corporation classified as a tax exempt public charity under section 501(c) (3) of the Internal Revenue Code of the United States of America and operates with a charitable objective which includes making investments in organizations that deliver affordable, critical goods and services to the low income population in India and other developing countries.
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