tag:blogger.com,1999:blog-36986974905209596042024-03-07T01:33:04.496+05:30Micro Housing Finance Corporation Anonymoushttp://www.blogger.com/profile/07500037345761722490noreply@blogger.comBlogger162125tag:blogger.com,1999:blog-3698697490520959604.post-69284227031355627652016-06-17T10:57:00.001+05:302016-06-17T10:57:50.670+05:30Customer Story: factory worker, Gujarat
For the past 2 years, this customer has been working at a pump manufacturing company as a daily wage laborer. He earns Rs. 500 per day for his 12 hour shift (8:30 am - 8:30 pm). His brother works as a security guard while his mother works at a local milk company, where her job is to keep a track of the milk vans that are dispatched on a daily basis.
As a family, they are coming Unknownnoreply@blogger.com0tag:blogger.com,1999:blog-3698697490520959604.post-37812427016859769662016-06-10T10:44:00.000+05:302016-06-10T10:44:28.213+05:30Customer Story: seed / grain seller, Ahmedabad
Meet Mr. Barot - an MHFC customer who recently took a Rs. 4 lakh home loan to buy a flat in an affordable housing project.
Mr. Barot sells grains / seeds at a large open ground in Ahmedabad so that the general public can feed pigeons. He sells a variety of grains including jowar, bajra, moong, chana, corn etc. Out of the numerous unique occupation types we see in our home loan applications, MrUnknownnoreply@blogger.com0tag:blogger.com,1999:blog-3698697490520959604.post-2464824824092322222016-06-08T10:47:00.004+05:302016-06-08T10:47:49.036+05:30Customer Story: tailor, Gujarat
Paying a rent of Rs. 5500, this customer lives with his wife, three children and brother-in-law. As a tailor, he stitches laces on sarees, while his wife - also a tailor - does embroidery work on sarees & dresses.
Together they earn a monthly income of Rs. 20,000-25,000 per month, sufficient enough for them to pay an EMI on a Rs. 6.6 lakh home loan. Soon, this customer will be moving into Unknownnoreply@blogger.com0tag:blogger.com,1999:blog-3698697490520959604.post-36217679866766036812016-06-03T15:10:00.001+05:302016-06-03T15:10:52.746+05:30MHFC Reaches 10,000 Customers!
We have some exciting news to share today! We recently sanctioned a Rs. 7 lakh home loan to one of our customers in Surat, Gujarat - who happened to be customer number 10,000! Our loan officer in Surat - Jignesh - can be seen in the picture handing over a box of mithai to the customer.
Like all our customers, Ms. Manju Devi's story is unique in its own way. Her husband was a tempo driver, but Unknownnoreply@blogger.com0tag:blogger.com,1999:blog-3698697490520959604.post-92193079220965594712016-05-27T11:31:00.001+05:302016-05-27T11:31:21.801+05:30CLSS - a unique opportunity for home ownership
The Pradhan Mantri Awas Yojna's Credit Linked Subsidy Scheme will provide this customer with a Rs. 2.2 lakh subsidy on his Rs. 6 lakh home loan!
For the past 15 years, this customer has been delivering tiffins to various offices in the textile market in Surat. As a family of 5 living in a very cramped space, this customer had decided that it was about time he bought a home in an affordable Unknownnoreply@blogger.com0tag:blogger.com,1999:blog-3698697490520959604.post-69259291393778961052016-04-21T11:29:00.000+05:302016-04-21T11:29:57.978+05:30Customer Story: Incense stick maker, Gujarat
This applicant makes incense sticks directly from her home - a lot of people in the neighbourhood earn side income from this occupation.
Her husband works at a dye making factory, where he earns a salary of Rs. 14,000 per month. Together, their total income is roughly Rs. 16,000-17,000 - which allows them to pay rent and cover household expenses.
We recently sanctioned a loan of Rs. 2.5 lakh Unknownnoreply@blogger.com0tag:blogger.com,1999:blog-3698697490520959604.post-53953772651778771642016-04-11T11:03:00.001+05:302016-04-11T11:03:49.802+05:30Customer Story: machine operator / maid, Gujarat
Majority of our applicants stay in rented accommodations like the one pictured below. Crumbling walls and cramped spaces usually characterize these houses - the need for a new flat in an affordable housing project is apparent.
This applicant works at a textile mill in Surat, Gujarat where he earns a daily wage of Rs. 340 per day. His wife works as a maid at a local diamond processing workshop Unknownnoreply@blogger.com0tag:blogger.com,1999:blog-3698697490520959604.post-29424557224858170512016-04-06T10:41:00.000+05:302016-04-06T10:41:03.207+05:30Customer Story: salon owner, Chhattisgarh
This applicant has been running a salon in Raipur, Chhattisgarh for the past 10 years. "Shri Laxmi Beauty Salon" is located on the main road right near a bus stand, so the salon has a strong customer footfall.
He offers a variety of services, but the most popular ones are haircuts (Rs. 30), shaves (Rs. 20) and massages (Rs. 80). He earns a daily gross income of Rs. 1500-2000 out of which he Unknownnoreply@blogger.com0tag:blogger.com,1999:blog-3698697490520959604.post-86909314655578534242016-03-29T11:03:00.002+05:302016-03-29T11:03:55.528+05:30Customer Story: shoe stall owner, Gujarat
This applicant operates a small shoe stall in one of the main markets of Udhana, a sub-city of Surat, Gujarat. She has been working here - along with her husband - for the past 25 years.
They currently stay in a rented house (paying a monthly rent of Rs. 2,500) with their two children. Recently they booked a 2 BHK flat in an affordable housing project & applied to MHFC for a Rs. 8.5 lakh Unknownnoreply@blogger.com0tag:blogger.com,1999:blog-3698697490520959604.post-13813126244345535382016-03-21T10:42:00.001+05:302016-03-21T10:42:28.330+05:30Customer Story: loom operator / rickshaw driver, Gujarat
Enterprising applicant - for the past 6 years he has been working as a loom operator at a local factory in Surat, where he earns a salary of Rs. 16,000 per month.
After work, he drives an auto rickshaw around the city, earning an additional Rs. 400 per day. His wife also works, earning Rs. 3000-4000 per month as a daily wage laborer for stitching decorative stones on saris.
This applicant hasUnknownnoreply@blogger.com0tag:blogger.com,1999:blog-3698697490520959604.post-47996096341314047472016-03-18T10:28:00.001+05:302016-03-18T10:28:54.952+05:30Customer Story: shoe stall, Maharashtra
Paying a monthly rent of Rs. 3000 per month, this applicant finally decided that it was time to purchase a house of his own.
10 years in the business of selling footwear had generated sufficient savings to make a Rs. 1.5 lakh down payment on a Rs. 9 lakh home.
He will now move into a new 1 BHK house along with his mother, wife and two children, after taking a Rs. 7.5 lakh home loan from MHFC.Unknownnoreply@blogger.com0tag:blogger.com,1999:blog-3698697490520959604.post-49694770520688944972016-03-15T10:52:00.000+05:302016-03-15T10:52:18.875+05:30Partnership with BGA Realtors for Credit Linked Subsidy Scheme
MHFC is one of the proud finance partners of BGA Realtors, an affordable housing provider based in West Bengal. We offer housing finance options to those customers who have minimal or no income documentation & are buying a flat in one of several BGA projects which include Amrita Awas, Amrita Abashan & Amrita Alayam .
Our past customers in Kolkata (& West Bengal) have includedUnknownnoreply@blogger.com0tag:blogger.com,1999:blog-3698697490520959604.post-29999639612984353342016-03-15T09:48:00.000+05:302016-03-15T09:48:32.530+05:30Customer Story: cycle rickshaw driver, Chhattisgarh
For the past 20 years, this applicant has worked as a cycle rickshaw driver in Rajnandgaon, Chhattisgarh. He charges Rs. 10-50 per trip and makes around Rs. 150-200 per day.
His son is the only other earning member in the family of four (which includes the applicant's wife and daughter). Working at a local garment store, he earns a monthly salary of Rs. 7000.
Since the beginning of our Unknownnoreply@blogger.com0tag:blogger.com,1999:blog-3698697490520959604.post-33413154746924649722016-03-07T10:45:00.002+05:302016-03-07T10:45:26.071+05:30PMAY Credit Linked Subsidy Scheme: MHFC files claims on behalf of 340 families
Pleased to announce that out of the 1200 beneficiaries who have received a subsidy so far under the Credit Linked Subsidy Scheme of Pradhan Mantri Awas Yojana, MHFC had submitted claims on behalf of 340 families!
The Credit Linked Subsidy Scheme provides a 6.5% interest rate subsidy to families that qualify (household income less than Rs. 6 lakh a year, woman owner of the property being boughtUnknownnoreply@blogger.com0tag:blogger.com,1999:blog-3698697490520959604.post-83133154962851707522016-03-04T10:23:00.001+05:302016-03-04T10:23:53.556+05:30Customer Story: vegetable seller, Ahmedabad
Vegetable vendor in Ahmedabad. She has been living on rent for the past 15 years, paying rent of Rs. 2,000 per month.
Along with her retired husband and 18-year-old son, she applied to MHFC for a Rs. 3 lakh home loan. By paying an EMI of Rs. 3,000 - although 50% more than her monthly rent - the applicant will be moving closer towards home ownership.
Unknownnoreply@blogger.com0tag:blogger.com,1999:blog-3698697490520959604.post-66778879186370247022016-02-29T12:27:00.002+05:302016-02-29T12:27:19.979+05:30Customer Story: snack / food item seller, Gujarat
Very inspirational story to share today - this applicant is both deaf and mute. He cycles between various housing societies in Bhavnagar, Gujarat where he sells locally made food items. His wife, also deaf and mute, works as a machine operator at a small manufacturing unit. Together, they earn an income of around Rs. 15,000 per month.
They currently live in the applicant's parental property Unknownnoreply@blogger.com0tag:blogger.com,1999:blog-3698697490520959604.post-89555192800677101302016-02-25T11:23:00.001+05:302016-02-25T11:23:44.978+05:30Customer Story: tailor / farmer, Maharashtra
We receive several loan applications where fathers & mothers financially support their working sons and daughters by contributing to the monthly EMIs, so that these children can move into affordable housing projects after marriage.
We tend to find numerous hard-working parents, like the applicant pictured below who earns his income from two sources - his farm land (where they mainly growUnknownnoreply@blogger.com0tag:blogger.com,1999:blog-3698697490520959604.post-56563025977238767122016-02-22T11:01:00.000+05:302016-02-22T11:01:06.866+05:30Customer Story: tent maker, Rajasthan
"Dinesh Tent House" was started by one of our applicants 12 years ago. Operating out of a rented shop (pictured below), he mainly provides curtains, poles and large tents for various functions across Jodhpur, Rajasthan.
Wedding season (usually December / January) is the most profitable for the business - he manages to earn Rs. 40,000 a month during this season. However, his income can fall as Unknownnoreply@blogger.com0tag:blogger.com,1999:blog-3698697490520959604.post-31001102395682433292016-02-15T12:04:00.000+05:302016-02-15T12:04:19.893+05:30Customer story: vegetable vendor, Gujarat
Along with her husband and three children, this applicant has been living in a rented house in Ahmedabad for the past 2 years. Prior to moving to Gujarat, she lived with her husband and in-laws in a village in Rajasthan, where the family was engaged in farming.
Currently, she works as a vegetable vendor in the Vastrapur area of Ahmedabad. She purchases vegetables worth Rs 2500-3000 from Unknownnoreply@blogger.com0tag:blogger.com,1999:blog-3698697490520959604.post-90157495633088583682016-02-10T15:32:00.001+05:302016-02-10T15:32:34.169+05:30Credit Camp + CLSS in Mungi, Chhattisgarh
MHFC recently set up a stall at a credit camp held in Mungi, Chhattisgarh where loan officers interacted with potential customers about our services. MHFC provides housing finance to low income informal sector customers who lack proper income documentation. We provide loans to customers buying flats in one of our approved projects, located across 6 states in India.
At the credit camp, Unknownnoreply@blogger.com0tag:blogger.com,1999:blog-3698697490520959604.post-79844434123827930312016-02-10T15:15:00.000+05:302016-02-10T15:19:09.017+05:30Partnership with Vastushodh for Credit Linked Subsidy Scheme
Vastushodh, an affordable housing provider, recently held an event announcing the launch of the Pradhan Mantri Awas Yojana's Credit Linked Subsidy Scheme ("CLSS").
Under CLSS, eligible customers will receive a subsidy of upto a maximum of Rs. 2.2 lakh on their home loans. MHFC has partnered with Vastushodh to provide housing finance options to customers of the company's AnandGram projectsUnknownnoreply@blogger.com0tag:blogger.com,1999:blog-3698697490520959604.post-53445949977418158942016-02-01T18:13:00.000+05:302016-02-01T18:13:52.967+05:30Subsidy Scheme (CLSS) under Pradhan Mantri Awas Yojana / Housing for All
MHFC home loans can now receive a subsidy of upto Rs. 2.2 lakh for all potential customers who are eligible under the Pradhan Mantri Awas Yojana's Credit Linked Subsidy Scheme !!
This is great
news for urban, informal sector, low income customers - who will
effectively be paying an interest rate of 5.5-6.5% p.a. We encourage all
potential customers who are looking to buy a flat in Unknownnoreply@blogger.com0tag:blogger.com,1999:blog-3698697490520959604.post-65888793796267259612015-12-07T11:47:00.000+05:302015-12-07T11:49:01.527+05:30CHB home loan and credit camp in Bilaspur
Our team in Chhattisgarh recently took part in another credit camp held by the Chhattisgarh Housing Board (CHB) in Bilaspur. MHFC is currently financing several CHB projects across the state - we are more
than willing to sanction loans to low-income informal sector customers
who lack proper income documentation / salary slips etc. Our competitive interest rates, simple home loan process and Unknownnoreply@blogger.com0tag:blogger.com,1999:blog-3698697490520959604.post-23653120830014564272015-11-17T09:15:00.000+05:302015-11-17T09:15:53.091+05:30MHFC to provide home loans to CHB allottees
MHFC is currently financing several Chhattisgarh Housing Board (CHB) projects across the state - we are more than willing to sanction loans to low-income informal sector customers who lack proper income documentation / salary slips etc.
Over the past several months, MHFC has taken part in credit camps across Chhattisgarh - our team recently took part in a camp in Raipur where we had Unknownnoreply@blogger.com0tag:blogger.com,1999:blog-3698697490520959604.post-79576708335428906482015-11-16T19:03:00.000+05:302015-11-16T19:03:52.248+05:30MHADA Nagpur division to build 20,000 affordable housing units over next 5 years
The Nagpur division of the Maharashtra Housing and Area Development Authority (MHADA) recently announced a plan to build 20,000 affordable homes for lower and middle income groups over the next 5 years. The state recently cleared decks for handing over 11 plots, that add up to little over 5.5 hectares, to MHADA.
MHADA is an automatically approved developer for MHFC. Hence, Unknownnoreply@blogger.com0