“Inadequate sanitation and housing threaten the lives and health of some 600 million urban dwellers world-wide.” – CGAP (Bonnie Brusky)
This research paper will concentrate on the innovation of housing microfinance. Housing microfinance is helping to give loans to individuals that are suffering from poor infrastructure. This type of microfinance will aid in increasing the level of living standards. This paper will analyze the current organizations that deal with housing microfinance and it will implement new ways that it can be implemented. Housing microfinance will be evaluated on the impact it has had to date and the future implications of this innovation at a local, national, and international level.
Housing microfinance involves an increase in personal and productive assets. This innovation works with creating opportunities for home improvement loans, renovation plus expansion, construction, land acquisition, and basic infrastructure opportunities for individuals that cannot utilize or attain loans through the regular system. The biggest involvement of housing microfinance is through home improvement loans that have allowed for people to enhance their living standards
The demand for housing microfinance is high. Indeed, microfinance institutions (MFIs) say that clients already channel a good portion of microenterprise loans to home improvement. Shelter is a basic human need that helps ensure personal safety and health. Housing microfinance offers small, incremental loans that fit with the way poor people build: progressively and over time. The home is a personal asset that usually appreciates in value over time. Thus, home improvement not only enhances living conditions, it is an investment. Microentrepr...
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Merrill, Sally, and Nino Mesarina. 2006. "Expanding Microfinance for Housing." Housing Finance International 21, no. 2: 3-11.
Mills, Sophie. 2007. "The Kuyasa Fund: housing microcredit in South Africa." Environment & Urbanization 19, no. 2: 457-469.
P.J., Manoj. 2010. “Prospects and Problems of Housing Microfinance in India: Evidence from “Bhavanashree” Project in Kerala State.” Microfinance Gateaway. no. 19: 178-194.
Rust, Kecia. 2007. "The role of housing microfinance in supporting sustainable livelihoods." Housing Finance International 22, no. 2: 42-49.
Rust, Kecia. 2013. "Housing finance news from Africa: A focus on housing microfinance." Housing Finance International 27, no. 3: 6-7.
Smets, Peer. 2006. "Small is beautiful, but big is often the practice: Housing microfinance in discussion." Habitat International 30, no. 3: 595-613.
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