Framing the Debate — Housing Finance and Guarantees

Acumen Fund
The purpose of this paper is to present a framework to the CGAP Working Group on Housing Finance for the Poor for the strategic use of guarantees to take housing finance to scale for the base of the pyramid (BOP). We regard guarantees neither as a panacea nor as a “one-size-fits-all” mechanical tool. Specific usages and mechanics will vary on a case-by-case basis and not be reflective of the dynamic and unexplored alternatives for housing. Rather, we must necessarily talk in terms of principles and guidelines for using guarantees, as well as their limits, if we are to advance the field of housing finance and develop housing choices for the BOP.

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