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Sitara

Enables low-income households, especially women, to achieve homeownership and fostering healthy living environments in underserved urban areas

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About

  • Headquarters

    Delhi, Delhi

  • Since

    2015

SEWA Grih Rin Limited, also known as Sitara, is a crucial player in providing affordable housing finance to low-income households in urban and peri-ur Read moreban areas, especially those overlooked by traditional financial institutions. It empowers every woman to realize her dream of homeownership, and its mission revolves around facilitating access to decent housing and fostering healthy living environments for impoverished women and their families within the informal sector. The organisation was established to bridge the gap in affordable and formal housing finance for underprivileged urban and peri-urban households. It recognized that these families held dear two fundamental aspirations: ensuring their children's education and owning a place they could call home. Its efforts directly elevate the quality of life for informally employed households, particularly women, by creating tangible financial assets in their names. It provides a cost-effective solution for households with limited credit capacity due to the informal nature of their employment. Its primary focus centres on the dominant segment of India's urban workforce—informal workers—with a specialized emphasis on women workers. SEWA Grih Rin Limited extends loans based on informal income and tenure, leading to improved sanitation and family health conditions, while also leveraging the community's collective strength for positive transformations.


Action

To achieve its mission, Sitara offers housing loans for home purchase, construction, incremental upgradation, and improvement. Additionally, it provides loans against property for business, education, and personal purposes. The company employs innovative methods, such as utilizing alternative collateral and progressive tenure documents, to assist families lacking clear property titles.

Demographies Served

Cause Area

Sector

Sub Sector

Impact

Sitara's efforts have led to improved quality of life for informal women workers by creating tangible financial assets in their names. The company's focus on women has empowered them within their households and communities, promoting gender equality and financial inclusion. By facilitating access to affordable housing finance, Sitara has contributed to the development of sustainable and secure living environments for under-served populations

Vision & Mission

Sitara envisions assisting every woman in realizing her dream of owning a home.
The mission of Sitara is to finance access to decent housing and promote sound living environments for poor women and their families in the informal sector.

Programs

  • Home Loan Programme

    State

    It Provides versatile housing loans tailored to diverse needs, including purchasing new homes, funding construction projects, facilitating incremental improvements, and upgrading existing properties.

  • Insurance Programme

    State

    In the pursuit of delivering top-tier service to loan recipients, SEWA Grih Rin recommends that borrowers consider insuring their property and loan repayments to safeguard against unexpected events during the repayment period. To enhance customer convenience, SEWA Grih Rin has established partnerships with several insurance providers, offering attractive insurance products and services tailored to the needs of borrowers.

Milestones & Track Record

Sitara has expanded its reach to serve numerous informal workers, including vendors, domestic workers, and self-employed individuals. The company has successfully integrated many low-income families into the formal financial sector, enabling them to own homes and improve their living conditions. Furthermore, Sitara has secured significant funding to support its initiatives, demonstrating the confidence of investors in its mission and operational model

Leadership Team

  • Renana Jhabvala

    Chairperson

  • Shruti Gonsalves

    Managing Director & Chief Executive Officer

  • Vimal Kant Arora

    Chief Information Officer

  • Jhummi Mantri

    Chief Financial Officer

  • Nagendra Saxena

    Chief Risk Officer

Demographics & Structure

  • No. of Employees

    100+

M&E

  • Internal, External Assessors

    No

Policies

  • Ethics and Transparency Policies

    No

  • Formal CEO Oversight & Compensation Policy

    No

Political & Religious Declarations

  • On Affiliation if any

    No

  • On Deployment Bias if any

    No

Registration Details

  • Registration ID

    222491

  • FCRA

    Not Available

  • CSR Registration Number

    Not Available

Location

Other Details

  • Parent Organisation

    SEWA Grih Rin Limited

  • Type & Sub Type

    Non-profit
    Section 8 (formerly Section 25)

Website

Financial Details

 Income / Expenses

  • 2022-23

    Income
    Rs.942,210,000
    Expenses
    Rs.915,660,000
    Admin Expenses
    Rs.225,550,000
    Program Expenses
    Rs.690,110,000
    Tip: Click on any value above to exclude it.

  • 2021-22

    Income
    Rs.543,416,000
    Expenses
    Rs.486,506,000
    Admin Expenses
    Rs.107,429,000
    Program Expenses
    Rs.379,077,000
    Tip: Click on any value above to exclude it.

  • 2020-21

    Income
    Rs.467,973,000
    Expenses
    Rs.374,998,000
    Admin Expenses
    Rs.61,037,000
    Program Expenses
    Rs.313,961,000
    Tip: Click on any value above to exclude it.
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