The Challenge
Approximately 1.6 billion people around the world do not have access to adequate shelter, and one in four live in conditions that are harmful to their health, safety and prosperity.*
The Opportunity
GP funds aim to enhance the health, security and sense of well-being of households living in poverty by investing in social enterprises that provide loans and support services for incremental home improvement projects.
Who is Served
The target demographic is qualified MFI clients living on less than $6.85 PPP/person/day.
What is Delivered
Clients must receive:
- Tailored individual credit to finance incremental home improvements (e.g., floors, roofing, walls, water, sanitation, clean energy) or home construction projects (e.g., new home construction or home expansion) that improve housing conditions; AND
Planning/budgeting and/or project feasibility verified as part of the underwriting process, typically through home visits and/or supporting documentation, with oversight approach corresponding to the complexity of the housing project
May also receive:
- Customized TA on planning, design, quality control, and construction
- Construction oversight or access to materials
Why IT is Impactful
Household health, security and sense of well-being increase due to:
- Lower exposure to bad weather (roofs, walls and floors) and sources of disease (sanitation and water);
- Physical security (walls, fences and windows);
- Improved confidence, sense of self-esteem, and/or quality of life.
* UN Habitat, 2016, https://unhabitat.org/up-for-slum-dwellers-transforming-a-billion-lives-campaign-unveiled-in-europe/