Housing is one of the basic needs of an individual and not all of them do have shelter for their survival. In India alone around 27 million units of housing has been traced to be in shortage. In depth maximum of the population who lack housing is the economically weaker sections and the middle class for whom Adhikar works. There is a dire need for the country to patch up this large population. So Adhikar Microfinance is there in the mission with its low cost Housing Loan products. Till now we have helped 300 poor families realize their dream of having a decent house. We are operating in 4 districts of Odisha with special emphasis on backward districts like Nawrangpur, Malkangiri, Balangir, Koraput etc. The range of house loan starts from Rs30, 000 and goes up to Rs 40000. The beneficiaries repay the amount in 24 months in equal installments. The loan is mainly used for repair or renovation of the existing house, making part of it Pucca or construct new house with individual contribution apart from loan. We have a target of covering 5000 families in the current financial year.

Loan type Cycle Tenure Amount Rate of interest LPF Insurance charges
House Improvement Loan 2nd cycle onwards 24 months 30000-40000 23.00% Reducing 1.0%+GST (18%) 1.85% for 24 month