Pahal aimed to become a holistic MFI by offering various financial services, including a housing-focused credit product. The Asian Development Bank, in partnership with Habitat’s Terwilliger Centre for Innovation in Shelter, is supporting the pilot testing and scaling up of housing microfinance for low-income rural and semi-urban households in ADB’s developing member countries. Pahal was engaged as one of the partners from India. An institutional assessment exercise was conducted to outline the MFI’s preparedness to foray into housing microfinance and develop the requisite planning to strengthen the institutional capacity. Initial discussions with Pahal’s senior management helped assess the MFI’s strengths, capabilities, future strategy, and alignment with housing-related financial products.
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