What is it?
Homeless International’s Bond is a new financial product developed by Homeless International to provide low interest loans to existing partners for community-led housing and infrastructure projects. The plan is to pilot the Bond in Africa on the basis that Africa appears to be the continent where the finance gap is highest at present. The value of the Bond currently stands at over £150,000.
Why is it needed?
The supply of small-medium scale capital grants and support from CLIFF has become increasingly insufficient to meet demand, and guarantees can only be used in those contexts where access to affordable finance from the banks is an option. Homeless International has therefore developed this new financial product to try to bridge this growing finance gap.
