Deal to provide housing fund for low-income earners

Shelter Afrique Chief Executive Officer Andrew Chimphondah (right) and abitat for Humanity’s Associate Director for Capital Markets & Financial Inclusion Ms. Elena Milanovska signing the MOU in Nairobi. The MOU will majorly focus on the establishment of an incremental building fund for Africa, capacity building in housing microfinance, and technical assistance [Photo, Courtesy]

Shelter Afrique and the Terwilliger Centre for Innovation in Shelter (TCIS) have signed a memorandum of understanding to mobilise affordable home loans targeting low-income and middle-income earners.

The home loans will be extended to institutions focusing on provision of housing loans to the low-income groups in Kenya and 43 other African countries. TCIS is the financial inclusion arm of Habitat for Humanity International