Building the Business Case for Housing Microfinance in Sub-Saharan Africa
A new study from Habitat for Humanity says that housing microfinance can and should become a mainstream offering for financial institutions in Sub-Saharan Africa as they respond to growing housing needs in the region, particularly from poor people.
The business case study is entitled “Building the Business Case for Housing Microfinance in Sub-Saharan Africa”. It builds on a project carried out over six years in Kenya and Uganda called “Building Assets Unlocking Access.” The project was a partnership between Habitat’s Terwilliger Center for Innovation in Shelter and the Mastercard Foundation. So far, the project has reached over 47,000 households and mobilized more than US$43 million in capital to benefit over 237,000 individuals.
The business case study argues that housing microfinance, small non-mortgage backed loans for short terms, can become a mainstream offering in the market to address growing housing needs in the region, incremental building patterns, and the land tenure realities of low-income households.