shared funds for a shared vision
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April, 2007Housing Microfinance for Roma Workshop: HFH Macedonia presentation
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Shared Funds for a Shared Vision
Developing Partnerships in Housing Microfinance Services
April, 2007Housing Microfinance for Roma Workshop: HFH Macedonia presentation
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Strategic planning
• Multi-step process covering
Vision Mission ValuesStrategies Goals Objectives
• Outcome• Visionary• Conceptual• Directional
April, 2007Housing Microfinance for Roma Workshop: HFH Macedonia presentation
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Partners sharing values, approaches
• Commitment to sustainable programmes that enable partners to recycle its resources• Viewing families as responsible and accountable clients, fully capable of repaying their loans
CLIENTS’ACCOUNTABILITY
PROVIDERS’SUSTAINABILITY
April, 2007Housing Microfinance for Roma Workshop: HFH Macedonia presentation
Insert your logo in this area and delete dashed box Sharing resources
• In funding/financing the programme, through joint contribution
• In know-how: implementing the programme www.moznosti.com.mk
April, 2007Housing Microfinance for Roma Workshop: HFH Macedonia presentation
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• Reconstruction and renovation of substandard homes, through provision of micro-loans
• In partnership with a microfinance institution, local affiliation of Opportunity International
• Addressing poverty housing in Macedonia on a scale larger than the traditional Habitat program
April, 2007Housing Microfinance for Roma Workshop: HFH Macedonia presentation
Insert your logo in this area and delete dashed box Sharing funds
• Partners contribute to the jointly established Home Improvement Fund
• Microfinance partner contributes twice of HFH Macedonia’s input
Moznosti (OIMacedonia)
HFH Macedonia
April, 2007Housing Microfinance for Roma Workshop: HFH Macedonia presentation
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Sharing responsibilities
• HFH Macedonia determines the target group, provides construction advice and does construction monitoring
• Microfinance partner does screening of the client’s financial reliability, process the loans and is responsible for repayments
April, 2007Housing Microfinance for Roma Workshop: HFH Macedonia presentation
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• Loan ranging $ 2,400 to 5,000 per home• Repayment period max 60 months• Current interest rate 11% on declining balance• No grace period
Poorest of the poor not targeted
April, 2007Housing Microfinance for Roma Workshop: HFH Macedonia presentation
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Initial applications
IDENTIFICATIONHFH Macedonia
CREDITWORTHINESSMoznosti (OI Macedonia)
CONSTRUCTION ADVICE &
MONITORING
LOAN APPROVALJoint Credit Committee
FINANCIAL MONITORING
& REPAYMENT
Selected partner families/clients
April, 2007Housing Microfinance for Roma Workshop: HFH Macedonia presentation
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Innovative components
• Faster turnover of the funds (max 60 months)• Guaranteed repayment by the microfinance
partner• Counselling and training (know-how) for the
loan beneficiaries through accredited advisors• No volunteers, no community development
Compared to Habitat’s traditional program
April, 2007Housing Microfinance for Roma Workshop: HFH Macedonia presentation
Insert your logo in this area and delete dashed box Challenges
• Conflicting interest of the partners: creditworthy vs. needy• Dualism in measuring outputs: loans disbursed vs. reconstructions completed• Misuse of loans, definition and sanctions?
April, 2007Housing Microfinance for Roma Workshop: HFH Macedonia presentation
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• Five year projection:
- 72 to 127 new loans per year- Total of 455 completed reconstructions by 2010- Total of $ 2,275,000 disbursed by 2010
April, 2007Housing Microfinance for Roma Workshop: HFH Macedonia presentation
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As of Dec. 31, 2006
• 98 loans, $ 447.980 disbursed • 60 reconstructions completed• 38 reconstructions in progress
Operations started July 2005:
April, 2007Housing Microfinance for Roma Workshop: HFH Macedonia presentation
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Exemplar stories: Bogdanov family
• Three generations within a family of 6 lived in a state provided shelter• Loan of $ 4,740 used to complete ceilings and a bathroom of their newly built house
April, 2007Housing Microfinance for Roma Workshop: HFH Macedonia presentation
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Exemplar stories: Sulai family
• Huge household of 4 related families with 17 members share a 5 room house• Loan of $ 4,350 used to repair a roof and to adapt a common living room
April, 2007Housing Microfinance for Roma Workshop: HFH Macedonia presentation
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Shared Funds
Developing Partnerships in Housing Microfinance Services
Shared Vision
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