Star HFL has been operational in rural areas of southern Rajasthan for a decade, providing low-cost housing financial assistance to first-time homebuyers in the Economically Weaker Section (EWS).
The non-bank finance company said enabling access to credit for rural and semi-urban population has helped them achieve the Rs 100 crore loan portfolio through the deployment of mobility-assisted basic lending solutions. .
After receiving its first institutional funding in October 2019, the company is on a transformation journey, leading to geographic expansion, he said.
The company now has seven branches and 15 digital PoPs (outlets) in Rajasthan, Gujarat, Madhya Pradesh, Maharashtra and Tamil Nadu, with a workforce of 90 employees.
Star HFL Managing Director Ashish Jain said: “The Rs 100 crore loan portfolio is the first milestone that we as a team have decided to achieve at the start of our transformation journey. . our aspirations to become an affordable housing finance company with a -The presence in India will take us to many other milestones in the times to come. ”
He said the company will focus on its exclusive retail housing finance assistance to homebuyers in the EWS segment with an emphasis on building a quality book.