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ADB, Habitat for Humanity to support housing microloans for India's vulnerable communities


ADB, Habitat for Humanity to support housing microloans for India s vulnerable communities
ANI |
Updated: Apr 19, 2021 11:39 IST
The collaboration will expand ADB s microfinance risk participation and guarantee programme to include microloans for housing, home improvement, and water and sanitation for vulnerable and climate change-exposed communities.
An expected 20,000 households will receive housing microloans from partner MFIs in the programme s first phase to enhance construction quality and climate resilience, including upgrading semi-permanent structures and installing sanitation and water connections.
ADB also aims to encourage private sector financing through risk-allocation and guarantees. The collaboration will help to empower women, with 90 per cent of financing targeted for women micro-borrowers. ....

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