IFC invests $25 million in Mahindra Rural Housing Finance for housing loans to rural poor

August 02, 2018, New Delhi, India: IFC, a member of the World Bank Group, is investing INR 1.6 billion ($25 million) in Mahindra Rural Housing Finance Ltd. (MRHFL), one of the largest finance companies, focused on rural housing. MRHFL will use the proceeds to give loans to low-income borrowers in villages.