Over 100,000 students might finance their tuition through a fintech company named “Financepeer.” Care Ratings has upgraded Poonawalla Fincorp’s long-term rating to “CARE AAA (Triple A), Stable.” A sanitary facility was given to the Dehane Zilla Parishad School, benefiting the 101 students and teachers.
Financepeer
A fintech business called “Financepeer” collaborated with 500 institutions and offered over 100,000 students fee financing options.
Sanitation facilities are being built in Khed by LG Electronics and Habitat for Humanity India.
The “Life’s Good: Hope Village” project, carried out by Habitat for Humanity India in collaboration with LG Electronics, was finished in the villages of Dehane and Kharoshi, which are situated in the Khed block of the Pune district. In Kharoshi village, the project’s first phase was finished in September 2021 with the construction of 12 new homes with solar lighting systems and sanitation units, 15 individual household latrines, the installation of solar streetlights in 6 locations, and infrastructure improvements to the Zilla Parishad School.
The second phase of the project, which took place in Dehane village between October 2021 and September 2022, saw the delivery of 5 new residences to 5 low-income families, each of which was furnished with a bathroom, a toilet, and solar lighting. The Dehane Zilla Parishad School also received a 260-square-foot sanitary facility that will help 101 pupils and teachers.
Care AAA
Poonawalla Fincorp’s long-term rating has been raised by Care Ratings to “CARE AAA (Triple A), Stable.” This follows an upgrade by Care Ratings Ltd (Care) of Poonawalla Fincorp Limited (PFL) and Poonawalla Housing Finance Limited (PHFL). This grade covers subordinated debt, non-convertible debentures, market-linked debentures, and bank lending facilities.
“This improvement demonstrates our relentless focus on implementing our stated goal and developing a strong basis for long-term sustainable leadership in the industry,” said Abhay Bhutada, managing director of PFL. Our liability franchise would be strengthened even more as a result of this improved rating, which would also hasten our growth trajectory in line with our vision and goal. The chairman of PFL, Adar Poonawalla, stated, “The Cyrus Poonawalla Group has identified the financial services business as being of strategic importance. The organization’s leadership, strength, and operational and financial competence are all reaffirmed by CARE’s recent increase of the organization’s rating to AAA (Triple A).
This represents a significant turning point in our efforts to establish ourselves as a leader in the financial services industry and demonstrates our dedication to creating a solid organization.
