CLIFF (the Community-Led Infrastructure Finance Facility) is a venture capital facility. CLIFF enables organisations of the urban poor to access greater public, private and civil society sector resources. These resources are used for sustainable housing and basic services projects for slum dwellers, which have the potential to be scaled-up to benefit even more people. These projects result in improved housing and sanitation for significant numbers of people. In addition, they can be used to influence the policy and practice of banks, governments, international development agencies and others.
Why is it needed?
CLIFF funding helps partners establish their own loan funds to finance slum redevelopment demonstration projects and become financially sustainable as they move towards implementing more and often bigger projects. However, raising even small levels of capital is often difficult. The urban poor and their support organisations are often unable to access affordable loans from financial institutions, yet our partners require increasing levels of capital to scale-up their initiatives to settlement or even city-wide level. CLIFF recognises the need for sustainable access to affordable finance and bridges this gap.
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