Svatantra Micro Housing Finance Corporation Limited (“SMHFC”) was incorporated on May 16, 2008 with the objective to provide housing finance for lower income households (mostly in the informal sector) in urban India.

One of the issues stalling the development of low income housing is the lack of finance available to lower income households (especially those without documentation to prove incomes) to buy such homes. SMHFC was set up to specifically address this gap.

The company received the necessary regulatory clearance from the National Housing Bank ("NHB") in the form of the Certificate of Registration ("COR") in Feb 2009 and sanctioned its first loan in June 2009.

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Copyright SMHFC India - Photo Credit : Hashim Badani