ACCESS to housing finance in Africa
Overview of the housing finance sector in Ethiopia, commissioned by the FinMark Trust with support from
Meheret Ayenew Edited, and with additional material by Richard Martin July 2009
Access to housing finance in Africa: Exploring the issues (No. 9)
Ethiopia
BACKGROUND TO THE SERIES
Since 2002, the FinMark Trust has been pursuing its mission, “Making Financial Markets Work for the Poor”, first in the Southern African Customs Union (SACU) countries and now throughout Africa. An independent trust with core funding from the UK Department for International Development (DFID), FinMark Trust aims to promote and support policy and institutional development towards the objective of increasing access to financial services by the un- and under-banked in Africa. A key product developed by the FinMark Trust is FinScope™, a national-level survey of individual usage of 1 financial services, now being undertaken in eleven African countries. FinScope™ will provide baseline data to stimulate policy change and support innovation by commercial providers seeking to deliver products and services sustainably to consumers who are currently outside the formal financial system. FinMark Trust will use 2 the data of FinScope™ to promote and support change processes across the continent. FinMark Trust’s Housing Finance theme area conducts research and engages with sector stakeholders in the promotion of innovative housing finance mechanisms to enhance access to housing finance for the poor. Broadly, the housing finance theme’s activities can be separated into the following categories: Understanding the housing asset Exploring housing finance innovation Understanding issues relating to housing finance in Africa This report is the ninth of a series of studies which will explore access to housing finance in various African countries (earlier reports consider housing
References: Meheret Ayenew, with Richard Martin, for the FinMark Trust (July 2009) 39 Meheret Ayenew, with Richard Martin, for the FinMark Trust (July 2009) 40