Micro Housing Finance Corporation Limited (“MHFC”) is a start up venture, incorporated on May 16, 2008. Its objective is to provide housing finance for lower income households (mostly in the informal sector) in urban India. The company has received the necessary regulatory clearance from the National Housing Bank ("NHB") in the form of the Certificate of Registration("COR").
The promoters believe that one of the issues stalling the development of low income housing is the lack of finance available to buy such homes, and hence have set up MHFC to specifically address this gap.