Role of credit risk management for affordable home loans in IPDC Finance Ltd.

Abstract

IPDC Finance Ltd. is one of the leading Non-Banking Financial Institutions (NBFI) in Bangladesh, with a set of diverse and innovative service offerings, IPDC Finance has taken quite the spotlight in a small period. IPDC Finance Ltd. commenced its journey as the first private financial institution of Bangladesh, back in 1981, with the name "Industrial Promotion and Development Company of Bangladesh Limited". At inception, the company started with a prominent set of shareholders such as International Finance Corporation (IFC), Commonwealth Development Corporation (CDC), etc. and even the Government of Bangladesh and in addition, currently partnered with the top industries and projects, playing a vital role in industrial landscaping of the country. To innovate the Home Loan service in Bangladesh, which concentrated towards the Upper and Upper-Middle Class, IPDC Finance Ltd. launched “Bhalo Basha” to make it affordable for the low or middle-income class people to build their dream home.