Strengthening housing finance in emerging markets: the savings and credit cooperative organisation (SACCO) model in Kenya

Does customer service quality influence customer decision making process to use bank plan savings product? a study at Bank Mandiri Cirebon Siliwangi Branch

“…Some examples of bank products are funding and lending. Funding is a deposit product while lending is a credit product (Feather & Meme, 2019). These two products can affect the condition of the bank, the bank is said to be healthy when funding and lending are balanced.…”

Bridging the Affordability Gap: Towards a Financing Mechanism for Slum Upgrading at Scale in Nairobi – Analysing NGO Experiences With Local-Level Finance

“…In Kenya, for example, there are fewer than 25,000 mortgages and less than 10% of housing lending comes from the mortgage market (World Bank Group, 2017). The average mortgage loan is for KES9.1 million ($89,200) (Feather & Meme, 2019). Mortgage finance throughout the Global South tends to be limited to those with formal title and, as critically, to those with formal employment and hence the potential to make repayments through payroll deductions (Mitlin, 2011).…”

“…More growth has taken place in the shelter microfinance sector (within either the commercial banking sector or having emerged from the voluntary sector). In Kenya it is estimated that the number of shelter microfinance loans increased from 2,000 in 2014 to 120,000 loans in 2018 (AMFI, quoted in Feather & Meme, 2019). Microfinance lending is typically to individual households who wish to borrow to improve the quality of their dwelling and/or add rooms for rental income (Mitlin, 2011).…”

“…Microfinance lending is typically to individual households who wish to borrow to improve the quality of their dwelling and/or add rooms for rental income (Mitlin, 2011). The loans provided in Kenya are for lower income households, although typically not the lowest income households, because of the need for a track record of loan repayment and the relatively high cost of short-term loans (Feather & Meme, 2019). Moreover, the lowest income households tend to be tenants without access to land or a dwelling.…”

“…Feather and Meme (2018) report that financial cooperatives are being used by 5.4 million Kenyans to facilitate saving. Low interest rates have made them an attractive source of loan capital, including supporting investment in housing (Feather & Meme, 2018); there are an estimated 6.1 million housing loans through cooperatives in Kenya (Feather & Meme, 2019). However, this solution has limited relevance for the lowest income groups (Feather & Meme, 2018.…”