Factors influencing implementation of housing micro-finance at habitat for humanity Kenya
There have been some notable and encouraging advances in Housing Microfinance industry with a steady trickle of new commercial entrants. Banks, microfinance banks and general microfinance lenders are introducing it, in various shades, as a product within their lending portfolio. Some of these organizations are growing while others are not. Habitat for Humanity is at the forefront trying to build capacity of institutions willing to offer Housing Microfinance. Habitat for Humanity Kenya practices Housing Microfinance in various parts of the country. The purpose of this study was to examine the factors influencing implementation of Housing Microfinance at Habitat for Humanity Kenya. The study was guided by the following objectives: to determine the influence of employees level of Housing Microfinance skills on implementation of Housing Microfinance at Habitat for Humanity Kenya, to find out how housing scheme procedures influence implementation of Housing Microfinance at Habitat For Humanity Kenya, to establish the influence of land ownership on implementation of Housing Microfinance at Habitat for Humanity Kenya and to inquire if infrastructure influences implementation of Housing Microfinance at Habitat for Humanity Kenya. This research employed descriptive survey design. The target population was all 29 employees of Habitat for Humanity Kenya and 100 clients of Eldama Ravine region as at the time of study. Through purposive sampling all the 129 respondents constituted the sample size. Data was collected using structured questionnaires. The questionnaires were administered to the target population by the researcher to gather primary data. The data was analyzed using Quantitative techniques. Statistical Package for Social Sciences was used to analyze data. The data output is presented in form of tables. The research findings show that employees need relevant skills to implement Housing Microfinance. The study also found out that there are set guidelines that need to be followed when an institution is implementing Housing Microfinance, this should be followed for the program to be executed. It also emerged that land security does not have to mean full legal title. Land security was found to be the confidence that a household will not be forcefully evicted. The other thing which emerged from the study was that the target market for Housing Microfinance lives in places which are not accessible and therefore the organization needs to find means of reaching them. Finally there arose from the research findings that serious demand assessment and planning for scaling up Housing Microfinance requires further analysis of the market subsegments among the economically active poor so that the scope and nature of potential demand is better understood. Based on the findings, the study recommended that all employees should be trained on Housing Microfinance and regular trainings given to the program people on the emerging issues on the Housing Microfinance subject, internet should be upgraded, that the organization should provide the program staff with automobiles for easy movement in the field, the institution should understand clients’ needs; they are the ones who know how and where they want to live, the loan size can also be revised upwards depending on availability of capital since it was established that the amounts given are small to some clients who could afford to take more and that the institution should come up with Housing Microfinance product for the urban poor and consider introducing individual loans. The study concludes with confidence level of 95% that implementation Housing Micro-finance is influenced by factors as employee skills, lending procedure, land ownership and infrastructure.