Habitat for Humanity – Market Research in the Housing Microfinance (HMF) industry in Tanzania
Altair conducted market research with consumers and relevant stakeholders in the housing microfinance (HMF) industry in Tanzania.
Habitat for Humanity International (HFHI) and Tanzania Mortgage Refinance Company (TMRC) engaged Altair Consultancy and Advisory Services Ltd (Altair) to research the current state of the HMF market and explore demand for new HMF products. This gave HFHI and TMRC a clearer idea how local financial institutions (Fis) can develop and participate in Tanzania’s fledgling housing microfinance market.
The expectations achieved from this study were:
This study provided an up-to-date insight into the state of the HMF sector and the potential for such a product for this market. In addition, the expected future outcomes from the study would be to help:
The stakeholder interviews demonstrated that HMF was an excellent fit for the culture of incremental self-build.
The household survey results presented the barriers to accessing housing finance such as high interest rates, documentation requirements, deposit requirements and large repayment instalments. Acknowledging these barriers can help future housing finance schemes to be more accessible.
The focus group discussions highlighted the benefits of home ownership, as well as understanding the ideal home and the desired improvements to a current home.
The market research resulted in Altair giving recommendations on how to build a robust HMF market in Tanzania.
SageHaus LivingSee more
Rwanda Green Fund (FONERWA)See more