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Financing Housing through Savings and Credit Cooperative Societies in Kenya

机译:通过肯尼亚储蓄和信贷合作社提供住房融资

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摘要

The potential for Kenya's savings and credit cooperative societies (SACCO's) to extend housing credit to informal sector beneficiaries and low-income wage earners is examined. The present capabilities of the entire cooperative financial sector and that of the local authorities vis-a-vis the delivery of housing and related services are also assessed, together with their linkages to other financial institutions within the formal private sector. The growth of SACCO's in Kenya has been rapid, but membership typically has been tied to formal sector employment, effectively limiting lending to persons who, though they may live in informal housing, work in the formal employment structure. However, Government of Kenya policy now encourages the establishment of SACCO's serving the informal sector, and activities in the area are expected to expand in the future.

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