India is one of the most populous nations in the world and it has a housing problem exacerbated by limited access to finance. Shubham Housing Development Finance Company Limited (Shubham) addresses this problem by providing access to formal credit.
Shubham focuses on rural, self-employed or micro-entrepreneur customers who are moving away from being tenants to becoming owners.
Owning property has a cascading effect on the borrower and his entire family. A better home leads to better sanitation, better health, better social standing and increased confidence. Furthermore, it allows borrowers to build up a credit history that can open other doors. For example to take out a loan to start or expand a business.