AVIOM India Housing Finance raised Rs10 Cr debt from Blacksoil ’s new alternate investment fund - Blacksoil India Credit Fund. The recent infusion would be put use to disburse Rs250 Cr in this financial year. “We are delighted to partner with BlackSoil and looking forward strengthening the relationship further.”
The startup provides secured home loans and loans against property in Tier-II and Tier-III towns through a branch model. The company also empowers women by making them first applicants on all loan applications. The sourcing is also done by engaging local women. It also educates their customers on the importance of sanitation, and construction of toilets is mandatory for availing loans.