notes - Mauritius Housing MHC

3.5.1 Loans Approved
During the year 1815 loans totalling Rs 406 453 000 were approved as follows:
NUMBER
AMOUNT (RS)
Normal Loans 1385 313,231,000
3.5.2 Government Sponsored Loans (GSL)
6.5 % Government
Sponsored Loans 164 36,649,000
10 % Government
Sponsored Loans 266 56,573,000
TOTAL 1815 406,453,000
The total number of GSL approved during the year totalled Rs 93,222,000. The share of GSL out of total loans
approved stood at 23.38%. A breakdown of the GSL figures showed that the share of 6.5% GSL was 39.3% (Rs
36,649,000.- for 164 approved loans), whilst that of 10% GSL was 60.7% (Rs 56,573,000 - for 266 approved loans).
Total grant amount paid to eligible clients on behalf of Government was Rs 4,306,000.- over the past year. The review
of the respective mix of GSL and normal loans in our Loans portfolio has reduced the financial burden of Government
in terms of interest subsidy and refund of grant paid to the public on behalf of Government. This has also reduced
MHC’s dependency on Government.
6.5% GSL APPROVED (MAURITIUS & RODRIGUES) 10% GSL APPROVED (MAURITIUS & RODRIGUES)
Financial Yr Number Total (Rs) Grant (Rs)
1998/1999 292 56,636,000 7,563,200
Financial Year Number Total (Rs)
1998/1999 338 72,071,000
ANNUAL REPORT 2001 - 2002
1999/2000 211 44,183,000 5,882,900
2000/2001 212 43,038,000 5,620,600
2001/2002 164 36,649,000 4,306,000
1999/2000 272 56,829,000
2000/2001 254 49,822,000
2001/2002 266 56,573,000
REVIEW
of the year’s
performance
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