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The growth of "financial services" provided by Homeless International

Community-Led Infrastructure Finance Facility (CLIFF)

Kim Mullard

Homeless International's Deputy Chief Executive

Malcolm Jack

Homeless International, Queens House, 16 Queens Road, Coventry, CV1 3DF, UK;, ian{at}homeless-international.org

For nearly 20 years, Homeless International has supported international partner organizations that work with slum communities to reduce poverty and improve living conditions. Its support has increasingly focused on partner organizations that are members of the Shack/Slum Dwellers International (SDI) network. The support has changed over time in response to the changing demands, but has increasingly been in the form of what Homeless International terms "financial services" — essentially, helping partners to access increased levels of capital to finance slum development projects on a growing scale. Homeless International now has a range of financial services that it provides to partners, depending on their stage of development and consequent needs. These include the Community-Led Infrastructure Finance Facility (CLIFF), which currently provides large-scale venture capital grants to partners in three locations; a guarantee facility that can encourage and persuade local banks to lend to partners for slum development; and a new mechanism that heralds the start of Homeless International lending directly to partners. This profile discusses only the financial services work of Homeless International and not the broader activities of the organization..

Key Words: CLIFF • community-led • finance • housing • infrastructure • slums • upgrading • urban

References

• Burra, S. (2004), "Towards a pro-poor slum upgrading framework in Mumbai, India", Environment & Urbanization Vol 17, No 1, April, pages 67—88.
• D'Cruz, C. and D. Satterthwaite (2005), "Building homes, changing official approaches: the work of urban poor organizations and their federations and their contributions to meeting the Millennium Development Goals in urban areas", Working Paper 16, Poverty Reduction in Urban Areas Series, IIED, London.
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• Jack, M. (2006), "Guarantees of success?", in R McLeod and K Mullard (editors), Bridging the Finance Gap in Housing and Infrastructure, Urban Management Series, ITDG Publishing, Rugby, UK, Chapter 6.
• McLeod, R. (2002), "Paucity and capacity within city financing ", Paper produced as part of Homeless International's Bridging the Finance Gap in Housing and Infrastructure research project, Homeless International, Coventry.
• Morris, I. (2006), " The Community-Led Infrastructure Finance Facility", in R McLeod and K Mullard (editors), Bridging the Finance Gap in Housing and Infrastructure, Urban Management Series, ITDG Publishing, Rugby, UK, Chapter 7.
• Patel, S. and D. Mitlin (2001), " The work of SPARC and its partners Mahila Milan and the National Slum Dwellers Federation in India", Working Paper 5, Poverty Reduction in Urban Areas Series, IIED, London.
• Satterthwaite, D. (2005), " Introduction: why local organizations are central to meeting the MDGs", in T Bigg and D Satterthwaite (editors), How to Make Poverty History: The Central Role of Local Organizations in Meeting the MDGs, IIED, London, UK, Chapter 1.
• Stavrakakis, Sarah, with Ruth McLeod and Kulandei Francis (2007), "IVDP — credit to the women of Krishnagiri and Dharmapuri", in forthcoming issue of Environment & Urbanization (April 2008 ).
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• www.achr.net
• www.homeless-international.org/bfg
• www.homeless-international.org/cliff
• www.sdinet.org
• www.sparcindia.org

Environment and Urbanization, Vol. 19, No. 2, 471-481 (2007)
DOI: 10.1177/0956247807082830


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This Article Abstract Free Full Text (Free PDF) Free Alert me when this article is cited Alert me if a correction is posted Services Email this article to a friend Similar articles in this journal Alert me to new issues of the journal Add to Saved Citations Download to citation manager Add to My Marked Citations Citing Articles Citing Articles via Google Scholar Citing Articles via Scopus Google Scholar Articles by Morris, I. Articles by Jack, M. Search for Related Content Social Bookmarking                         What's this?