
This book explores the linkages between formal and informal housing finance drawing upon the lessons of NGO and micro-finance practices. Both public and private formal finance institutions have experienced great difficulty in lending below a middle-income client group, and are often reluctant to lend for the purpose of housing at all. This failure of formal finance to filter down to low-income households, and in particular to women, has led various NGOs and community groups to create and adopt innovative finance programmes, such as informal savings banks and credit rotating schemes. -- Provided by publisher.
This book investigates the systemic failure of formal financial institutions to provide adequate housing credit to low-income populations in developing nations. Authors Gareth A. Jones and Kavita Datta analyze the structural barriers that prevent traditional banks from serving non-middle-income clients. By examining the intersection of public policy and private lending, the authors argue that current institutional models are insufficient for addressing the housing needs of the global poor, particularly women. The text synthesizes case studies and institutional analysis to propose that alternative, community-based financial models are necessary to bridge the gap in housing accessibility.
What You Will Find
Experts recognize this work as a critical examination of the limitations inherent in traditional development finance models. Readers frequently note the academic density of the prose, which serves as a foundational text for students and practitioners in urban development and international economics.
Page Count:
270
Publication Date:
2002-01-01
Publisher:
Routledge
ISBN-10:
020326827X
ISBN-13:
9780203268278
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