Building Assets, Unlocking Access
Five years (August 2012 - September 2017)
The Master Card Foundation
- Develop, validate and pilot scalable housing microfinance products at nine financial service providers across Ghana, Kenya and Uganda, and strengthen their institutional capacity to increase the potential of taking the housing microfinance product with housing support services to scale.
- Develop, validate and pilot scalable housing support services at nine financial service providers across Ghana, Kenya and Uganda.
- Demonstrate and document the impact of housing finance and housing support services on households and communities in areas such as health, education, greater base of assets and secure tenure; and on institutions’ performance through rigorous research.
- Disseminate practical knowledge on housing microfinance to other providers in Africa and for the broader industry, and influence the housing and finance industries.
The Center is overseeing the project and providing institutional technical assistance to the financial institutions engaged in the project to develop or refine housing microfinance products with housing support services, or HSS. This will be done by conducting market mappings of the housing and finance sector, market research, product design, pilot planning and implementation of housing microfinance products with HSS. The Center is also providing support to financial institutions to increase their capacity to take those products to scale and the dissemination of the lessons, as well as overseeing the impact evaluation of the project on the lives of households that have received housing microfinance products with HSS throughout the life of the project.
Feasibility Study for Property Microinsurance: Exploring the Market Opportunity for Housing and Property Insurance in Kenya
Duration: September 2014 - June 2015
Funded by: The Swiss Capacity Building Facility
Objectives: The Kenya Property Microinsurance Feasibility Study is research commissioned by Habitat for Humanity International’s Center for Innovation in Shelter and Finance to determine the market opportunity for property microinsurance in Kenya and explore product concepts and distribution opportunities through Kenya Commercial Bank. The goal of the feasibility study is two-fold – a comprehensive report, employing desk-based and field research, that:
- Provides recommendations to Kenya Commercial Bank and other financial service providers that will lead to developing, pilot testing and up-scaling innovative property microinsurance products that meet the financial needs of low-income households on a commercially sustainable basis.
- Serves as a resource for other development and industry actors who are interested in increasing property microinsurance penetration in Kenya, offering recommendations to facilitators, such as Habitat for Humanity International, on how best to support Kenya Commercial Bank and other distribution partners.
Citi-Habitat Home Improvement Microsavings Pilot Program in Vietnam, Phillipines and Thailand
Three 1/2 years (August 2011-May 2015)
The Citi-Habitat Home Improvement Microsavings Pilot Program is an innovative three-year pilot project in disaster prone regions of Vietnam, Philippines and Thailand which aims to mobilize 3,000 low-income homeowners living in these areas to save a total of US$2 million to improve their homes.
The services provided by The Center include:
- Training partner savings institutions in three countries to build their capacity to offer a micro savings commitment account to low-income savers.
- Providing market research and product development services to partner institutions.
- Developing financial education programs and complimentary technical assistance.
USAID Transforming Access to Housing Finance in India
Three years (August 2009-June 2013) - COMPLETED
In partnership with Development Innovations Group and Opportunity International, Habitat for Humanity International improved housing conditions of a range of clients, from the unbanked to the poor and very poor. This was done by advancing learning in innovative housing microfinance products and appropriately designed and outsourced household-level in the area of construction technical assistance for the clients and households, while providing the capacity via institutional technical assistance to the implementing partners and MFIs keen on housing for the affordable segment. The objective is to develop and roll out a commercially viable loan product for the housing microfinance industry and disseminate lessons to develop a fee for service model.
Services rendered by The Center through the Technical Assistance Center in India include: support on market research, product development, construction technical assistance, capacity building of MFIs in housing microfinance industry, disseminate learning on CTA and ITA for a fee-based model.
IFC Housing Microfinance Toolkit for India
One year (March 2012-March 2013) - COMPLETED
International Finance Corporation, World Bank
The Center, Habitat for Humanity India and Vinod Kothari partnered to support financial institutions/MFIs interested in entering the housing microfinance market through the creation of an India Housing Microfinance Toolkit. This toolkit built the capacity of financial institutions as well as service providers interested in entering the affordable housing microfinance market and included topics such as market strategy, legal and regulatory environment, product development, internal systems, housing support services design and customer awareness for responsible lending.
The contract included the development of the “India Toolkit for Low-income Housing Finance – A Practitioners’ Guide” that was published by IFC, training of 15 MFIs, NBFCs and technical service providers using the Housing Microfinance Toolkit, as well as a session to raise stakeholder awareness on housing microfinance.
Capacity Building for Housing Microfinance-Cambodia
Six months (February-November 2013)
Swiss Capacity Building Facility
The objective is for Habitat for Humanity Cambodia in consultation and collaboration with regional experts of Habitat’s Center for Innovation for Shelter and Finance to build the capacity of two microfinance institutions to provide scalable and sustainable housing microfinance products. Additionally, it enabled these MFIs to leverage $5 million from Habitat for Humanity International’s MicroBuild fund. This in turn helped these MFIs to provide housing finance and technical assistance for up to 20,000 families over three years.
Services offered by the Center include Cambodian Housing Microfinance toolkit development, market research, product development including Housing Support Services and staff training on the product developed.