Abstract

India-based Shubham Housing Development Finance Ltd. (Shubham) was established in 2011 primarily to cater to the home loan needs of people involved in informal employment. Shubham had put in place a customized credit program where personnel from the company visited the borrowers, interacted with them, and determined their loan requirements, monthly income, expenses, and EMIs. Through this method, many people with informal employment were brought under the purview of formal banking and formal loans.

Learning Objectives

The case is structured to achieve the following Learning Objectives:

• Learn the importance of housing / home finance
• Understand inclusive finance
• Analyze how innovative financial instruments and banking practices can take finance to the unserved and underserved
• Examine how innovative banking models can fulfill some of the SDGs
• Know the shared principles of Inclusive Finance

Keywords

Shubham; Housing for Poor; Informal Income; Inclusive Finance; Innovative Financial Instruments; Innovative Banking Models; No Poverty; Good Health and Wellbeing; Quality Education; Gender Equality; Clean Water and Sanitation; Sustainable Communities; Impact Finance; Financial Inclusion; Social Impact; Housing Loans; Shared Principles