Micro Housing Finance Corporation Limited

About

Micro Housing Finance Corporation provides housing finance for lower income households mainly in urban India.

Mumbai,Maharashtra,India
101 - 250

Highlights

Details

Last Funding Type: Private Equity（PE）
Last Funding Money Raised: $5.40M
Industries: Banking,Crowdfunding,Customer Service,Finance,Financial Services,Real Estate
Founded date: May 16, 2008
Number Of Employee: 101 - 250
Operating Status: Active

Micro Housing Finance Corporation Limited (“MHFC”) was incorporated on May 16, 2008 with the objective to provide housing finance for lower income households (mostly in the informal sector) in urban India.

One of the issues stalling the development of low income housing is the lack of finance available to lower income households (especially those without documentation to prove incomes) to buy such homes. MHFC was set up to specifically address this gap.

The company has received the necessary regulatory clearance from the National Housing Bank ("NHB") in the form of the Certificate of Registration ("COR").

Funding Rounds

Number of Funding Rounds

Total Funding Amount

2

$5.40M

Micro Housing Finance Corporation Limited has raised a total of $5.40M in funding over 2 rounds. Their latest funding was raised on Sep 16, 2013 from a Private Equity（PE） round.

Announced Date	Round	Money Raised	Number of Investors	Lead Investors	Post Valuation
Sep 16, 2013	Private Equity（PE）	$5.40M	3	—	—	Detail
Dec 1, 2009	Series Unknown	—	1	Caspian Impact Investments	—	Detail

Investors

Number of Lead Investors

Number of Investors

1

3

Micro Housing Finance Corporation Limited is funded by 3 investors. Caspian Impact Investments and Michael & Susan Dell Foundation are the most recent investors.