17-year-old launches home loan app for sanitation workers with BMC

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The Clean-Up Foundation, an NGO, today launched a home loan app that will help sanitation workers get information on organized housing finance options and calculate their eligibility, Equivalent Monthly Payments (EMI) , etc. in 4 very simple steps, based on their income.

The app was officially launched by Suresh Kakani, Additional Commissioner of BrihanMumbai Municipal Corporation (BMC), the governing civic body of Mumbai, with Ms. Sanjana Runwal, a 17-year-old from Mumbai and founder of the NGO: The Clean- Foundation Up.

Most sanitation workers currently depend on individual lenders for their loan and financing needs, which are often tapped in the process. This app is a step towards raising awareness of and educating them about appropriate housing finance options.

How it works?

The app will help sanitation workers get information about organized housing finance options and calculate their eligibility, equivalent monthly payments (EMI), etc. in 4 very simple steps, depending on their income.

The app will also help them check their loan eligibility, calculate their IMEs, and pave the way for them to connect with the right real estate finance institutions.

Improve the living conditions

Sanjana Runwal said: “Our goal is to improve the living conditions of sanitation workers who live in deplorable conditions. After doing a lot of research, we have identified that they do not have adequate housing despite having adequate income. This home loan app is a small step we’ve taken to try and help them explore organized home finance channels. “

Runwal spearheads the work of the Clean Up Foundation, an NGO that leads initiatives to improve the lives of city sanitation workers. The activities of the Clean Up Foundation include providing clean water facilities, safety equipment, healthy meals, funding education for children of garbage collectors, free vaccination against COVID-19 for ragpickers and other similar activities.

Sanjana Runwal said: “Our goal is to improve the living conditions of sanitation workers who live in deplorable conditions. After doing a lot of research, we have identified that they do not have adequate housing despite having adequate income. This home loan app is a small step we’ve taken to try and help them explore organized home finance channels. . “

On behalf of BMC, Kakani praised Sanjana for her commendable work.

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Posted on: Wednesday October 27, 2021 6:11 PM IST


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