Housing Finance Forum 2018

A team from KWFT was privileged to attend the Housing Finance Forum 2018 organized by Habitat’s Terwilliger Center for Innovation in Shelter in partnership with the Mastercard Foundation. The event was held from 10th - 12th July 2018 in Kampala, Uganda.

The event was well attended by partners from various institutions, some of the key guest who made key note speeches were: Ruch Dueck –Mbeba, Senior Program Manager, Finance Inclusion at the MasterCard Foundation and Tjada McKenna, Chief Operating Officer of Habitat for Humanity International among other peers in the industry.

The convention was put together to discuss the fundamental theme on Expanding Access to Affordable and Adequate Housing in Sub-Saharan Africa. It also presented a great opportunity to discuss a myriad matters on the macroeconomic environment, regulations and policies that drive the expansion of housing microfinance in Sub-Saharan Africa. In addition various players in the industry got an opportunity to share their experiences in financing micro housing; some of the topics discussed were:

  1. The business case for housing microfinance – achieving the double bottom line.
  2. Market-level levers to support the expansion of housing microfinance portfolios.
  3. Institutional levers – opportunities and challenges to expand housing microfinance portfolios.
  4. Segment levers – expanding affordable housing products and services to new market niches.
  5. Unlocking adequate funding to expand affordable housing markets in Africa.
  6. Housing microfinance improving the quality of life of low income households.
  7. The impact of affordable housing finance to improve quality of life of low income families.
  8. Intergrading different housing value chain stakeholders to expand affordable and adequate housing in Africa.
  9. Entrepreneurship to support the expansion of affordable and adequate hosing solutions.
  10. The affordable housing landscape in sub-Saharan Africa in the forthcoming years.

When you look at a family set up some of the most important aspects include food and security, consequently security comes with having a decent place to rest at the end of the day. This need compelled the Institution to partner with a like minded partner to impact lives, hence the Nyumba Smart Product – this is a product designed to meet the housing needs of the low-income clients who form a major part of overall KWFT clients.

The KWFT Nyumba Smart product commenced in 2014 and it has had over 52,000 borrowers who have taken up the loan thus totaling up to over Ksh 3.5 Billion. It finances construction of a new house, renovation or repair, expansion or building the house incrementally, construction and improvement of sanitation facilities among other housing needs.

Housing Microfinance evokes a lot of emotion owing to the tremendous impact it has had to the lives of thousands of families. As an Institution we have received overwhelming feedback from our clients on how the product has transformed their lives and above all given them dignity.

At KWFT we shall continue with our social mission agenda as we plan to finance many more units over the next five years. This life changing product is also in support of the National Government big 4 Agenda on providing affordable housing. The products positive uptake shows that Housing Microfinance has a great potential for economic development.

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