Swarna Pragati Housing Microfinance
About Swarna Pragati Housing Microfinance
About Swarna Pragati Housing Microfinance
Founded in
2009 (15 yrs old) Ownership Suggest India Employee count
51-200 Global Employee count Suggest Headquarters
Nagpur, India
Office Locations
Nagpur, India
CEO Suggest Founders Suggest Type of Company Suggest Nature of Business Suggest Company Email ID Suggest Company Contact no. Suggest Social Media Presence Suggest Website
sphm.co.in
Founded in 2009 (Operational in 2011) Swarna Pragati Housing Microfinance Pvt. Ltd. (SPHM) is a Housing Finance Company regulated by the National Housing Bank (wholly owned subsidiary of Reserve Bank of India). SPHM provides micro-mortgage loans ranging from Rs 1,00,000 to Rs 7,00,000 primarily to families from the economically weaker sections (EWS) and low-income groups (LIG) in rural India.
The housing loans are provided both for self-built new construction as well as for renovation, repairs and up-gradation of existing houses. The company’s business model is based on the principle of incremental housing, where low-income families build their houses one step at a time.
Primary Industry
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its maximum revenue.
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