BMC Launches Home Loan App for Sanitation Workers
The Clean-Up Foundation, a NGO that has been dedicated to improving the lives of the sanitation workers in Mumbai for the last 5 years, has developed a home loan app for them. The app was formally launched in the presence of Suresh Kakani, Additional Commissioner of Brihan Mumbai Municipal Corporation (BMC), the governing civic body of Mumbai, along with Sanjana Runwal, a 17-year teen from Mumbai and the founder of the NGO: The Clean-Up Foundation. The app will help the sanitation workers in getting information about organized housing finance options and assist them in calculating their eligibility, equated monthly instalments (EMIs) etc in 4 very easy steps, based their income. Most of these workers are currently dependent on individual money lenders for their loan and finance requirements, often getting exploited in the process. This app is a step towards creating awareness about proper housing finance options and educating them about the same. This Diwali the Clean-Up Foundation aims to brighten up the lives of the sanitation workers by helping them obtain their own house. Commenting about the app Sanjana Runwal said, “Our aim is to improve the living conditions of the sanitation workers who live in deplorable conditions. After conducting much research, we identified that they do not have proper housing in spite of having an adequate income. This home loan app is a small step taken by us in trying to help them explore organized channels of housing finance. Currently, the garbage workers mostly depend on channels such as money lenders, private lenders, etc where they end up paying very high interest rates and are exploited by them. This app will also help them to check their loan eligibility, calculate their EMIs and will pave a way for them to connect with the right home-finance institutions.”
Tags : ALLIED BMC Housing Finance NGO EMIs The Clean-Up Foundation Brihan Mumbai Municipal Corporation Sanitation Workers Home Loan App Home-Finance Institutions