Lender calls for establishment of housing micro finance to address financing gap

Shelter Afrique CEO Andrew Chmphondah.

Shelter Afrique has urged African governments to establish a housing microfinance fund to improve access to housing finance by the lower end of the market.

Speaking at the Affordable Housing Investment Summit in Nairobi recently, Shelter Afrique’s CEO Andrew Chimphondah said most policies had an exclusive urban focus, and non-consideration of the low-income groups and the rural areas.  Chimpondah (pictured) said the establishment of such a fund would facilitate efficient and inclusive housing market systems and make affordable housing a reality across Africa.