Financial Insights That Matter
Triodos Fair Share Fund has provided a EUR 2 million loan to Varashakti Housing Finance Private Limited (Varashakti) in India. Based in Chennai, Varashakti distinguishes itself in India’s financial landscape by focusing on affordable housing solutions for rural and semi-urban communities.
Varashakti’s dedication to financial inclusion is evident through its customised services designed to address the challenges faced by low-income households. By offering affordable housing solutions following comprehensive background assessments, Varashakti empowers individuals to achieve their dream of homeownership.
Women empowerment
The company places a strong emphasis on supporting women, particularly those involved in self-help groups with commendable credit histories and entrepreneurial aspirations. This ‘Women First’ approach facilitates the construction of homes or the expansion of small businesses, fostering both personal and economic growth. As part of Varashakti’s commitment to empowering women, all loans require a woman to be a co-applicant and co-owner.
Environmental responsibility
In addition to its focus on social impact, Varashakti demonstrates environmental responsibility by developing products that help rural communities combat climate change. Initiatives include financing for solar panels and promoting the use of eco-friendly building materials.
Through its innovative and inclusive approach, Varashakti Housing Finance is not only transforming the lives of individuals and families but also contributing to the sustainable development of communities in Southeast India. The facility from Triodos Fair Share Fund further reinforces Varashakti’s mission to create lasting positive change, proving that financial solutions can be a powerful catalyst for social progress and environmental stewardship.
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