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News and Highlights
DIG Leads Support Mission to the Moroccan Ministry of Habitat for
Preparation of a Credit Formation Plan for Households Participating in the
“Cities Without Slums” Program
As part of the World Bank’s housing sector adjustment loan to the
Government of Morocco (GOM), the GOM will be providing financial literacy
education for homeownership to families in the Cities Without Slums
program. DIG was contracted to design a program linking commercial
banks to potential clients living in slums through credit education and loan
origination support. The program is intended to prepare some 44,000
households for transitioning out of slum-dwellings to becoming
homeowners. As part of the in-country assessment, DIG worked closely
with relevant Ministry staff, commercial banks, MFIs, and local NGOs to
analyze obstacles to lending and to identify potential mechanisms for
improving the performance of a related loan guarantee facility. Ultimately,
DIG devised a two-year plan to (1) assist GOM in building stronger, more
effective links between commercial banks, the Department of Social
Housing at the Ministry of Habitat, and target slum households, to actualize
the demand for financing through the guarantee facility, and (2) ensure
adequate understanding of housing finance on the part of potential
borrowers.
DIG-World Bank Study on Microfinance Guarantee Facilities Suitable for
Housing and Community Investments
DIG completed a global study for the World Bank’s Financial Sector
Operations and Policy Department. The purpose of the study was to
present a framework for understanding the workings of microfinance
guarantee facilities, especially guarantees that can be applied to housing
microfinance and to infrastructure and community investments in less
developed countries. The study had three objectives: (1) outline a rationale
for using guarantee facilities as an alternative to more traditional forms of
microfinance loan portfolio financing; (2) discuss the basic principles
underlying the design of existing microfinance guarantee facilities; and (3)
develop a standard framework for understanding the mechanics of a
successful guarantee facility, focusing notably on risk analysis, pricing, and
contracts structuring. The final report is intended to help stimulate
institutional thinking at the Bank regarding the establishment of a global
guarantee facility.
DIG Leads Support Mission to the Moroccan Ministry of Habitat for
Preparation of a Credit Formation Plan for Households Participating in the
“Cities Without Slums” Program
As part of the World Bank’s housing sector adjustment loan to the
Government of Morocco (GOM), the GOM will be providing financial literacy
education for homeownership to families in the Cities Without Slums
program. DIG was contracted to design a program linking commercial
banks to potential clients living in slums through credit education and loan
origination support. The program is intended to prepare some 44,000
households for transitioning out of slum-dwellings to becoming
homeowners. As part of the in-country assessment, DIG worked closely
with relevant Ministry staff, commercial banks, MFIs, and local NGOs to
analyze obstacles to lending and to identify potential mechanisms for
improving the performance of a related loan guarantee facility. Ultimately,
DIG devised a two-year plan to (1) assist GOM in building stronger, more
effective links between commercial banks, the Department of Social
Housing at the Ministry of Habitat, and target slum households, to actualize
the demand for financing through the guarantee facility, and (2) ensure
adequate understanding of housing finance on the part of potential
borrowers.
DIG-World Bank Study on Microfinance Guarantee Facilities Suitable for
Housing and Community Investments
DIG completed a global study for the World Bank’s Financial Sector
Operations and Policy Department. The purpose of the study was to
present a framework for understanding the workings of microfinance
guarantee facilities, especially guarantees that can be applied to housing
microfinance and to infrastructure and community investments in less
developed countries. The study had three objectives: (1) outline a rationale
for using guarantee facilities as an alternative to more traditional forms of
microfinance loan portfolio financing; (2) discuss the basic principles
underlying the design of existing microfinance guarantee facilities; and (3)
develop a standard framework for understanding the mechanics of a
successful guarantee facility, focusing notably on risk analysis, pricing, and
contracts structuring. The final report is intended to help stimulate
institutional thinking at the Bank regarding the establishment of a global
guarantee facility.
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