Ummeed Housing Finance (UHFPL), a Gurgaon-based housing finance company, has secured Rs250 crores in funding from British International Investment (BII), the UK’s development finance institution and impact investor. The capital will be deployed as mortgage-backed loans to underserved borrowers, with a strong focus on empowering women through property ownership and financial inclusion.
The initiative aims to bridge the financing gap for low-income groups who often lack access to formal credit systems. Ummeed specializes in customized loans for individuals with informal incomes, simplifying the mortgage process and reducing turnaround time for buyers.
With over Rs2,400 crores in assets under management and 33,000 customers served, Ummeed plans to use BII’s funding to empower up to 3,000 female customers. The investment qualifies as a 2X investment, part of a global initiative to support women’s economic empowerment.
Ashutosh Sharma, Founder & Managing Director, UHFPL, said: “It is a proud moment for us to be associated with British International Investment. This BII facility will help us drive the development agenda, leading to the improvement in the quality of life for borrowers and co-borrowers in the low- and middle-income strata of the society.”
Shilpa Kumar, Managing Director and Head of India, British International Investment, commented: “Having an affordable and safe home can lay the foundation for underserved families to access better economic opportunities and improve their livelihoods. By increasing access to housing finance through Ummeed, we are helping more women to build their financial resilience. It is in line with the Government’s vision of facilitating Housing for All and we ensure the support reaches those who need it the most.”
