Posts Tagged ‘Housing Finance’

Microfinance Focus, Aug 4, 2010: India is a home to more than a billion people but a large number of them remain homeless. According to the National Housing Bank, the principal agency for promoting housing finance institutions in India, the total urban housing shortage in India is estimated around 25 million units along with a high rural housing shortage of 7 million as well. Coupled ... Full story

Microfinance Focus, June 19, 2010: International Finance Corporation (IFC), the World Bank’s financial arm will invest up to $47 million in the low-income housing subsidiary of Brookfield Incorporações S.A. to increase the availability of high-quality housing for low-income people in Brazil. IFC will provide local currency long-term revolving credit facility, not currently available to homebuilders by local banks. To date, IFC has invested around $40 ... Full story

Microfinance Focus, June 4, 2010: A $500 million ‘Affordable Mortgage and Loan Program’ was launched in Palestine by the country’s President, Mahmoud Abbas, says a press release. The Affordable Mortgage and Loan program will offer prospective Palestinian homebuyers fixed-rate and variable-rate mortgage loans with tenors of up to 25 years, increasing home affordability. The mortgage program is expected to be operational in late 2010, in ... Full story

Editorial Note: Microfinance Focus has recently started a series of field visits with an objective of bringing forward the unheard voices of microfinance beneficiaries and bottom-line stakeholders. It is an initiative to provide a forum to the borrowers, where they can voice their concerns and expectations from the industry. It will also provide an opportunity to microfinance practitioners and policy makers to better understand how ... Full story