SPARC SAMUDAYA NIRMAN SAHAYAK
Read our Documentation  
   
 
Loans for Incremental Upgrading
 
Projects in a nutshell
 
 
 
KOLAR GOLD FIELDS, KARNATAKA
 
KGF has so far received INR 10,00,000 in housing loans. The settlements in KGF are built on Central Government Land which means that no new construction can take place Ė only repair work. Loan requests ranged from INR 10,000 to INR 20,000. So far, about 600 households in KGF have received loans. There is nearly 100% and on-time repayment of loans in KGF.
   
       
KOLAR GOLD FIELDS, KARNATAKA BANGALORE DISTRICT, KARNATAKA NAGARKERE, MANDYA, KARNATAKA ULLAL UPANAGAR, KARNATAKA
       
   
       
RAJENDRA NAGAR, KARNATAKA BSUP HOUSEHOLDS, BANGALORE    
       
 
Policy + Impact
 
 
So far, SSNS has been able to disburse loans to the extent of 712 loans for upgrading houses and 720 loans to build individual toilets, as part of its support to incremental growth. Revolving funds from the pool of various funders is utilized for this purpose.

Individual housing (INR 8,000 to 40,000) and toilet loans have been successfully trialed in Bangalore by SSNS and have the potential to be replicated in other cities and to reach communities where city governance does not have the funds/motivation to subsidy slum upgrading.

Our support to incremental loans are based around the following objectives:
 
01   Regardless of new units being created by the private sector or subsidized houses being continued due of political demands, incremental growth is where the bulk of transformation has been and is happening and can be scaled up most dramatically by combining loans with investments by the state.

02  In cities and especially smaller towns where houses are bigger, households donít face eviction threats, the possibility of building toilets inside houses is possible. Similarly, slum settlements where housing is of better quality, may choose not to rebuild houses but take loans to upgrade houses. SSNS has begun to lend to these communities for the last several years.