By T.S. Anand Kumar and Jeyanth K. Newport, published by Indian Association for Savings and Credit (IASC), 2007, 18 pages, download here.
This paper explores the possibilities for Microfinance Institutions (MFIs) interested in expanding into the housing sector, focusing on the Indian case for three reasons: demand for rural housing loans is high; many government programs in this area have fallen flat; and MFIs in the region are as yet ineffective in meeting this high demand. The paper begins with an overview of housing microfinance, writing that most success by financial institutions in this field is generated by home improvement loans, while financial services have failed to adequately address land purchase and new housing construction, both of which are still dominated by subsidies.
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