Apr 2007
Shared Interest Update: Microfinance for Housing - Spring 2007
Buoyed by a budget surplus, the South African government has increased spending on housing to nearly triple the level three years ago. But the backlog in housing, particularly for low-income South Africans, still stands at homes for approximately 2 and a half million families.
Even if government efforts continue to increase, bringing affordable housing to all South Africans, as is their right under the constitution, remains a formidable task. Shared Interest is committed to doing its part by reinforcing South Africa’s efforts with the multiplier effect of micro-finance loan guarantees. continued…
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