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Formal private sector housing finance institutions and urban low-income groups in Zimbabwe: peculiar requirements, operations and realities

Kamete, A.Y. (1997) Formal private sector housing finance institutions and urban low-income groups in Zimbabwe: peculiar requirements, operations and realities. Journal of Social Development in Africa, 12 (1). pp. 83-91. ISSN 1012-1080

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Abstract

Private sector housing finance institutions have a mandate given to them by investors. They have to make a profit This means safeguarding against risks and avoiding decisions that endanger profitability and investors' funds. In pursuing this mandate, housing finance institutions are often seen as unrea1istic,inflexible and insensitive capitalist organisations which do not understand the special circumstances of the low- income groups, most of which cannot meet their stringent eligibility criteria and rigid lending terms. This study wishes to highlight the situation in Zimbabwe by focusing on the peculiar needs and circumstances of private sector housing finance institutions and appraising their lending performance so far.

Item Type:Article
Status:Published
Refereed:Yes
Glasgow Author(s) Enlighten ID:Kamete, Dr Amini
Authors: Kamete, A.Y.
College/School:College of Social Sciences > School of Social and Political Sciences > Urban Studies
Journal Name:Journal of Social Development in Africa
ISSN:1012-1080
Copyright Holders:Copyright © 1997 African Journals Online
First Published:First published in Journal of Social Development in Africa 12(1):83-91
Publisher Policy:Reproduced in accordance with the copyright policy of the publisher

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