Abstract
Microfinance is a potential powerful avenue to support the lowest socioeconomic groups in the housing market of developing countries. The purpose of this article is to consider what motivates microfinance institutions (MFIs) to enter the housing market through a factor analysis approach. A survey of 125 respondents was undertaken in two regions of Ghana. Factor analysis was conducted to identify underlying latent variables that had significant effects on MFIs’ decision to enter the housing market. The findings indicate that four important determinants emerge: MFIs' interest for profit, the ease of entry into the housing market, interest for growth, and the perceived desire of the lowest socioeconomic groups for homeownership. The study also implies that some nuances help explain the demand and supply perspectives of housing microfinance in developing countries.
| Original language | English |
|---|---|
| Pages (from-to) | 534-554 |
| Number of pages | 21 |
| Journal | International Journal of Housing Policy |
| Volume | 20 |
| Issue number | 4 |
| Early online date | 11 Feb 2020 |
| DOIs | |
| Publication status | Published - 1 Oct 2020 |
Keywords
- Emerging markets
- Ghana
- homeownership
- housing microfinance
- low income housing
ASJC Scopus subject areas
- Geography, Planning and Development
- Management, Monitoring, Policy and Law
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This is an Accepted Manuscript of an article published by Taylor & Francis in International Journal of Housing Policy on 11/2/2020, available online: http://www.tandfonline.com/10.1080/19491247.2020.1721411