MICROCAPITAL BRIEF: Government of Tanzania Announces Microfinance Fund for Affordable Housing

In its effort to address a housing shortage in the country, the government of Tanzania recently announced a plan to launch a housing microfinance fund to provide affordable housing options to low-income individuals. The fund, the size of which has not been disclosed, aims to reduce the number of slums and address the shortage of housing capacity in the Tanzanian cities of Dar es Salaam, Arusha and Mwanza.

The project will be implemented under the guidance of Professor Anna Tibaijuka, the minister for Lands, Housing and Human Settlements Development, who previously served with United Nations Human Settlements Programme (UN-HABITAT) in Kenya. Further details on the structure of the fund are unavailable.

By Medha Ravi, Research Associate

About United Nations Human Settlements Programme (UN-HABITAT):
Established in 1998 and headquartered in Nairobi, the United Nations Human Settlements Programme (UN-HABITAT) is mandated by the United Nations General Assembly to promote socially and environmentally sustainable towns and cities with the goal of providing adequate shelter for all. In addition to Nairobi, UN-HABITAT has regional offices in Rio de Janeiro, Fukuoka and Tehran.

Source and Resources:

[1] The Citizen news article, “Housing Microfinance Fund Plan a Good Idea”, http://thecitizen.co.tz/editorial-analysis/-/8723-housing-microfinance-fund-plan-a-good-idea

MicroCapital.org story, June 9, 2009, “MICROCAPITAL STORY: Habitat for Humanity International Plans to Establish a USD 70 million Microfinance Fund to Assist Low-income Families and Improve Housing Globally”, https://www.microcapital.org/microcapital-story-habitat-for-humanity-international-plans-to-establish-a-usd-70-million-microfinance-fund-to-assist-low-income-families-and-improve-housing-globally/

MicroCapital.org paper wrap-up, September 21, 2010, “MICROFINANCE PAPER WRAP-UP: Building Houses, Financing Homes; by Anamitra Deb, Ashish Karamchandani and Raina Singh; Published by Monitor Inclusive Markets”, https://www.microcapital.org/microfinance-paper-wrap-up-building-houses-financing-homes-by-anamitra-deb-ashish-karamchandani-and-raina-singh-published-by-monitor-inclusive-markets/

MicroCapital’s Microfinance Universe Profile: United Nations Human Settlements Programme (UN-HABITAT), https://www.microcapital.org/microfinanceuniverse/tiki-index.php?page=United+Nations+Human+Settlements+Programme

Browse the MicroCapital Universe and add your entry to the wiki at: https://www.microcapital.org/microfinanceuniverse/

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