Micro-Housing Loans for Micro-Entrepreneurs:A Needs Assessment

Access to housing for the poor, whether urban or rural, is a world-wide challenge, which has a direct impact on the socio-economic status of every economy. With the promulgation of microfinance across the world, it has been posited that microfinance can become an innovative and sustainable channel to provide low-income groups with access to finance for their housing needs. High demand for shelter calls for the design of housing finance products and supply mechanisms that target the low-income groups which have traditionally been excluded from the housing market due to lack of land tenure and high investment requirements.