Elissa McCarter_How Can Microfinance for Housing, Land and Infrastructure Catalyze Slum Improvements and New Settlements?Presentation Transcript
Emergency Economic Governance & Response Housing & UrbanDevelopment Civil Society Global Health Infrastructure Development &Transition
Urban ProgramsEngaging Residents in a New Era
Globally, there are 927 million slum dwellers. Where do they live?Territory size shows the proportion of worldwide population that live in urban slums by country.Source: Millennium Indicator: Slum population in urban areas (UN-HABITAT). Data last updated on 24 Feb 2005
Urban Development Approach•Housing improvement •Micro enterprise•Adequate and affordable water development and sanitation services provision •Finance services•Solid waste management •Youth development•Infrastructure improvement•Secure tenure Land, Housing, Infrastructure Economic and Urban Development Services Pro-Poor Urban Development Municipal Civil Society Development Empowerment•Capacity Building•Technical assistance •Organizational development•Networking •Technical assistance•Participatory urban planning •Financial assistance promotion•Inclusive governance
Cities vs. Land Markets
No One Size Fits All Place-Based Strategies
“The Poor” Is a Misnomer Importance of Segmentation
The “poorest poor” have other priorities.
ShelterIn Bangalore, Nagpurand Pune:•383 Housing unitsconstructed•680 housing units inthe pipeline
Example from Ghana:Ayidik Night Market Association in Accra • Association of 100 vendors in slum market. • Existing borrower of CHF partner institution Boafo Microfinance Ltd. • Threatened with eviction, convinced the owner (a church) to sell the land. • Asking price was 3,000 Ghanaian cedis (about $2,140).
Challenges and Limitations• High density cities is the new norm.• Formalizing land tenure unlikely on prime real estate, or relatively small % of urban population.• Microfinance mechanisms and progressive housing unlikely to be a dominant solution.• Promising initiatives to segment “the urban poor” to provide government housing, rental options, mixed income, affordable mortgages.
LabourNet Needs to Needs fix a information plumbing on jobs problem
LabourNet’s Core Value Proposition Job Information Qualified work: trainedSupport in client handling workers Business skill training Benefits to Replacement Clients Technical training for Verified and Tracked workers workersOpening Bank Account Benefits to Customer Service Centre Identity Card Workers Support Accident InsuranceOptional Health Insurance
The Market Speaks, The Program Scales40,000 3600035,000 3200030,00025,000 Registered Workers20,000 Accident Insurance15,000 Bank Accounts 14000 Skill Training10,000 Job Linkage Information 5,000 3000 2500 2000 •5,300 informal workers 2000 1300 0 1000 trained 2008 2009 2010 2011 •Job Linkage: Information provided to 8000+