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Building and expanding inclusive housing markets
Facilitating access to Affordable Housing
-Improving Housing Quality/Quality of Life-
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Building and expanding inclusive housing markets
Habitat for Humanity’s vision
“We want to live in a world where everyone
has a decent place to live. Where families are
able to acquire the skills, confidence, and
opportunity they need to work hard in hope and
to do everything they possibly can to eliminate
every single barrier that stands between them
and a better, healthier, more financially stable
life.”
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Building and expanding inclusive housing markets
Habitat for Humanity’s impact
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This is how
approximately
70% of the
developing
world build
their homes.
In the absence of Affordable Housing
Building and expanding inclusive housing markets
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Building and expanding inclusive housing markets
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Building and expanding inclusive housing markets
Habitat’s Terwilliger Center TOC
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Building and expanding inclusive housing markets
How Habitat’s Terwilliger Center works
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HOUSING
MICROFINANCE
Incremental Building
Building and expanding inclusive housing markets
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Building and expanding inclusive housing markets
What is Housing Microfinance?
• Consist of small, consecutive loans offered
for relatively shorter terms than a mortgage; to
support the existing incremental building
practices of low-income populations;
• Products that match both the income streams
and affordability levels of low-earning clients
and the construction costs of their incremental
building steps and needs.
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Building and expanding inclusive housing markets
How Financial Institutions see Housing Microfinance?
Alignment with
social mission 90% List as a key motive for launching
housing microfinance product
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Building and expanding inclusive housing markets
Examples of Environmental
Housing Microfinance loans
• Habitat for Humanity Tanzania (Makazi Bora
loan):
– Repairs, renovation and house completion.
– Water and sanitation improvements
– Water storage facilities
• Kenya Women Microfinance Bank:
– Home improvements
– Solar panels
– Water tanks.
>6,100Families
>41,000Families
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Building and expanding inclusive housing markets
The impact of Housing Microfinance
(preliminary findings impact evaluation in Kenya)
Estimate what the impact of providing access to housing micro-finance is on households:
• HOUSING QUALITY
• FAMILY HEALTH
• EDUCATION
• NUTRITION
• SOCIAL & ECONOMIC POWER
Add to the limited existing literature on housing microfinance to provide practitioners,
policy makers and the broader community with evidence of the impacts of housing
microfinance, to encourage the development and expansion of similar projects.
Methodology:
Difference in
Difference
PSM
Sample:
1,489
clients of
KWFT
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Building and expanding inclusive housing markets
Housing
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Building and expanding inclusive housing markets
Health
- LESS INDIVIDUALS IN HIGHLY
STRESSED CATEGORY
- LOWER INCIDENCE IN TOTAL NUMBER
OF REPORTED:
- SORE THROATS
- VOMITING
- RASHES
- NO CHANGE IN NUTRITION (YET)
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HOUSING
MARKET
SYSTEMS
Incremental Building
Building and expanding inclusive housing markets
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Building and expanding inclusive housing markets
Housing market systems
Accelerators (we support
ideas to come through)
Shelter Venture Fund (we invest in enterprises)
Facilitation and Advisory
Services (linking their product with financial sector to lend
for specific products)
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Building and expanding inclusive housing markets
Earth Enable
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Building and expanding inclusive housing markets
Earth Enable
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Building and expanding inclusive housing markets
Thank you!
Any question?