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IIFL Home Finance Ltd (IIFL HFL) has secured a debt-funding of up to USD 100 million from International Finance Corporation. Under the loan agreement, 50 per cent of funding is earmarked to promote housing finance for women borrowers, and the remaining is dedicated to financing green housing for buyers in this underserved segment
The debt-funding will help IIFL HFL increase home finance to the economically weaker sections (EWS) and low-income groups(LIG), including women borrowers.
Get latest articles and stories on Latest News at LatestLY. IIFL Home Finance Ltd (IIFL HFL) has secured a debt-funding of up to USD 100 million from International Finance Corporation, a joint statement said on Monday. Latest News | IIFL Home Finance Secures USD 100 Mn Loan from IFC.
The World Bank’s private sector leaning arm said the equity co-investment will be made along with IHS Kenya Green Housing Partnership LLP and IHS Kenya Green Housing SCSp.