MICROCAPITAL BRIEF: Swarna Pragati Housing Microfinance Launches Micro-Mortgage Product In Maharashtra, India

Swarna Pragati Housing Microfinance Limited, an Indian housing finance institution, has launched a housing microfinance product in the central-Indian state of Maharashtra. Swarna Pragati plans to disburse INR 30 million (USD 652,000) in loans to 100 self-help groups (SHGs) in an effort to reach 500 beneficiaries, particularly poor women in underserved rural areas [1]. Swarna Pragati aims to use existing networks of SHGs and other local organistions to identify clients and service the loans [1]. Swarna Pragati also provides training and capacity building in an effort to empower self-help group (SHG) members to play a wider role in........ Read the full article here. Contact MicroCapital to receive a complete sample issue of the MicroCapital Monitor, the monthly microfinance newspaper.