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Trellis has set a five-year goal of deploying $100 million in home loans

Trellis Housing Finance Limited (Trellis), a Karachi-based SECP-licensed housing finance company, has raised an investment round headed by local and foreign investors such as Fatima Gobi Ventures, Insitor Partners, Zayn Capital, TPL Properties, and Taarah Ventures, as well as angel investors. Trellis plans to use this investment to deploy at least $100 million in housing loans across Pakistan over the next five years, allowing all Pakistanis to fulfil their goal of house ownership.

The home financing market is severely undersupplied with credit as Pakistan’s urbanisation accelerates, with the population of towns and cities predicted to quadruple in the next decade. In a country with a population of 220 million people, the c estimates that there is a shortage of 10 million dwellings and less than 100,000 outstanding housing loans.

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Trellis was founded in 2020 with the goal of providing affordable housing to every Pakistani through the establishment of a world-class housing financing institution. Trellis has handled over PKR 1 billion (US$ 5.77 million) in home financing requests to date, and the figure is rising everyday. Trellis has worked with several of Pakistan’s largest financial institutions, including HabibMetro Bank, JS Bank, and U Microfinance Bank, in addition to its own home finance products. These partners can speed their housing finance deployments by leveraging Trellis’ exclusive, completely digital mortgage origination technology to get more families into houses faster.

Jamshed H. Meherhomji, Co-founder and CEO of Trellis, said: “Our job is to navigate through the complexities of the real estate market and give clients what they deserve. In addition to our financial products, we are building the Trellis Network, a rapidly growing ecosystem of real-estate, finance, and associated industry partners connecting the dots across the supply chain to further optimize and streamline the home buying experience for everyone.”

Existing home financing solutions in the market typically require two to four months to complete due to manual, paper-based processing. Harnessing technology, Trellis is saving aspiring homeowners time and money. With this platform, Trellis and its partners are offering the ‘Mera Pakistan Mera Ghar’ product, which is a government-subsidized financing scheme. Additionally, Trellis offers its own Shariah Compliant ‘GharHo’ product, which is a more comprehensive financing solution for purchasing, constructing or renovating homes. There is also an industry-first suite of financing services for builders and developers; aligning buyers, builders and financial institutions, through the financing of cost-effective high rise developments.

Thomas Tsao, General Partner of Fatima Gobi Ventures, said: “FGV’s strong commitment to ESG investing aligns with Trellis, which leverages technology to improve real estate access to underserved communities and drive social impact. We are excited to join Jamshed and his team on their mission to make home ownership universally attainable in Pakistan.”

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Hammad Umer, Country Manager for Insitor, the Singapore-based impact investment firm, states: “Pakistan is experiencing an unprecedented urban housing crisis. Unplanned densification and low-income urban settlements are causing significant social and environmental challenges. Providing low-income consumers access to affordable housing is a first step towards sustainable development, and we’re very excited to work alongside the Trellis team to bridge this financing gap.”

As Pakistan continues to develop, there is significant potential for impact. According to the latest figures released by the State Bank of Pakistan, PKR 200 Billion (US$ 1.15 Billion) worth of applications for financing have been received for the Mera Pakistan Mera Ghar (the Government’s low-cost financing scheme) since inception of the program. Against these applications, only PKR 18 Billion (US$ 104 Million) of financing has been disbursed, highlighting the need for the housing and finance industry to work together to ensure greater progress is made to solve the housing crisis.

Meherhomji states: “Thanks to this new round of investment, we look forward to scaling up our activities and enabling more Pakistanis to realize their dream of home ownership over the coming years, as we continue to learn and innovate to develop this growing industry.”

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