Housing Loan Provider AVIOM HFC Secures $10 Mn Debt Funding From BlueOrchard Fund

Aviom Housing Finance Corporation is a Delhi NCR-based organization that provides housing loans and finance solutions. They offer a range of loan products to meet the needs of home buyers and builders in the National Capital Region. Aviom partners with banks and other financial institutions to offer competitive interest rates and repayment options to its customers. With a focus on customer service and transparency, Aviom aims to make the loan application process as simple and stress-free as possible.

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AVIOM Housing Finance Corporation, headquartered in Delhi NCR, recently secured a $10 million debt funding from the BlueOrchard Microfinance Fund. According to its regulatory filing, the company is issuing 1,000 bonds to the BlueOrchard Microfinance Fund, each with a tenure of 72 months.

Established in 2016 by Kajal Ilmi, AVIOM specializes in providing housing loans to low-income households throughout the nation. With a mission to make a positive social impact, AVIOM focuses on serving the unique needs of informal housing communities. Their services include offering loans for home improvements, renovations, and sanitation facilities.

AVIOM primarily offers loans to women in semi-urban and rural areas who lack formal income documentation. The company states that it serves approximately 50,000 active customers. AVIOM reports that it has provided over 80,000 loans to date and operates a network of over 350 branches.

AVIOM has joined hands with esteemed banks and financial institutions like HDFC Bank, IDFC Bank, Kotak Mahindra Bank, and Northern Arc. In addition, it has formed partnerships with international lenders such as Impact Investment Exchange, BlueOrchard, Triple Jump, and DMC, among others.

This new funding initiative comes nearly a year after AVIOM secured $30 million in its Series D funding round, spearheaded by Nuveen. The investment involved a blend of primary and secondary investments in stages. Notably, this funding round facilitated a partial exit for impact VC firm C4D Partners and Gojo & Co.

Previously, the startup announced its plans to raise its monthly loan disbursements to INR 150 Cr and expand its network by adding 50 more branches. Before this, AVIOM HFC secured $8 Mn in its Series C funding round, bringing its total funding raised to $54 Mn thus far. AVIOM HFC faces competition from companies such as DMI Finance, Avanti Finance, and Moneyboxx.

AVIOM primarily offers loans to women in semi-urban and rural areas who lack formal income documentation. The company states that it serves approximately 50,000 active customers. AVIOM reports that it has provided over 80,000 loans to date and operates a network of over 350 branches.The recent investment aims to further expand its operations, increase monthly loan disbursements, and add 50 more branches to its network. AVIOM competes with DMI Finance, Avanti Finance, and Moneyboxx in its market segment.