Mahindra Rural Housing Finance
Mahindra Rural Housing Finance
Providing home loans to the under-served rural consumer in India.
BCTA MEMBERSHIP STATUS
Active
SECTOR
Financial Services
HEADQUARTERS
India
REGION OF INITIATIVE
Asia & Pacific
SDG CONTRIBUTION
RELATED NEWS
CASE STUDIES
Mahindra Rural Housing Finance Ltd. (MRHFL), a subsidiary of Mahindra & Mahindra Financial Services Ltd. (MMFSL), joined Business Call to Action in 2012 with a committment to provide home loans to customers in rural and semi-urban India. Headquartered in Mumbai, MRHFL seeks to expand access to cost-effective and flexible home loans to a wide base of customers in rural India, ensuring that the basic need of shelter of this large under banked customer base is met. MRHFL also set a goal to become the leading player in the rural Indian market in terms of profitability, growth, awareness and trust and achieve a loan book size of approximately USD 1 billion by 2016.
After successfully meeting its initial goals, MRHFL renewed its BCtA commitment to extend housing finance to customers in rural India. MRHFL aims to achieve a loan book size of USD 3 billion by providing home loans to customers in rural & semi-urban India by 2020. By 2018, it aims to be the largest home loan provider in India, reaching 1 million new customers. Additionally, it commits to providing loans to at least half a million customers during the 2019/2020 financial year.