This report assesses the current state, trends and challenges of housing microfinance based on a 2014 survey of 48 financial institutions located across four regions: Latin America and the Caribbean, Asia and the Pacific, Africa and the Middle East, and Eastern Europe and Central Asia. The financial institutions that participated in the survey represent commercial banks, nonbanking financial companies, microfinance institutions, nongovernmental organizations, savings and loan companies, and cooperatives.
This compendium of the four articles linked below is based on case studies from 11 microfinance institution partners of Habitat for Humanity and their experiences with housing microfinance. This document sums up the lessons that the Center has learned through these partnerships, in four categories: 1. Opportunities and Constraints for Housing Microfinance; 2. Housing Support Services: Do They Add Value to Housing Microfinance? 3. Housing Microfinance Product Development: Key Factors for Success; and 4. Taking Housing Microfinance Products to Scale: Institutional Commitment and Capacity.
This short article from Microfinance Focus discusses the results of a housing microfinance pilot that Cambodian microfinance institution Hattha Kaksekar Limited just completed. HKL has recently moved into the housing space with technical assistance from Habitat for Humanity.
This paper, co-written by the Center’s Patrick Kelley, discusses slums in large cities in the developing world and the critical role that housing microfinance is playing in improving housing conditions for many of the slum’s marginalized households.
Habitat for Humanity’s Center for Innovation in Shelter and Finance undertook a study to determine the status of housing microfinance in Latin America. The purpose of the study was to identify key factors facilitating or restricting its growth. A summary of the findings were published on the Center for Financial Inclusion’s website.
Housing microfinance (HMF), although young and small in scope as compared to traditional microfinance services, is already demonstrating that its ability to adjust to unique financial capabilities and client cash flows make it a good fit for many Africans’ housing financing needs. Whether it is used for incremental house construction, renovation, land purchase, or site improvement, HMF services are on the rise.
Patrick Kelley, Habitat for Humanity International’s Director of International Housing Finance, talks about how many of the actors working to help households acquire and expand their property and shelter assets may not be clothed in the typical financial inclusion fashion. But, in the spirit of expanding the financial inclusion conversation, they have much to contribute.
Read this joint study conducted by Accion and Habitat for Humanity International that covered ten of Accion’s partners in Latin America, representing more than 90 percent of the Accion Network’s housing portfolio. The objective of this research was to learn about the key success factors as well as challenges and barriers for reaching scale in housing.
The Center’s Patrick McAllister writes for the Center for Financial Inclusion. The article presents evidence that supports the claims that housing microfinance is good business for financial institutions and is an effective method for empowering the poor to incrementally improve their housing conditions.
This report seeks to inform the impact investment community, as well as the microfinance sector at large, about the opportunities and barriers for investment in the growth of housing microfinance. This paper is the result of both desk-based research and in-country investigations facilitated by Habitat for Humanity International on the housing finance “situation gap.” The study presents country-level trends in housing microfinance and the factors that may enable increased scale, impact and social investment.
Habitat’s Asia/Pacific Housing Finance director, Patrick McAllister, authored this op-ed for the South China Morning Post. According to McAllister, smart regulations, new technology and incentives are some of the ways to help low-income families save for a better home.