This is a very exciting opportunity to work alongside the founding members of an organization to establish and scale a truly innovative Digital Affordable-Housing Green Mortgage Bank, that strives to become the benchmark of how to galvanize social development and transform societies within a short period of time.
There are
11 – 50
employees in the company
Below 1M
Company annual revenue
Offices
We have 2 offices in Karachi, one in DHA Phase 1 & another on I.I. Chundrigar Road
Karachi
Markets
Pakistan has one of the lowest housing finance-to-GDP ratios in the world - 0.25% (other averages: 3%; Bangladesh: 3%; India: 11%, EU 70%)
Total population 216 million, approx. 100 million people unbanked & 51 million people with no electricity.
10 million homes shortage (6.5m people2 or 30% population), growing by 0.7 million per annum
Significant affordability challenges mortgage products extended to high-income group at an average LTV (loan to value) of 48% with interest /mark-up rates ranging from 17% to 24%
Recent implementation of housing finance regulations, foreclosure mechanisms & title deeds land record automation