In Cameroon, the informal sector represents an important component of the financial landscape with a total deposit of US$1 billion and over 50 microfinance institutions (MFIs) for a growing client-based. The most popular micro-credit model is called njangi or tontines. It is a rotating savings model usually made up of people of the same social class, class community, etc. who generally use the loan or savings for housing purposes. Therefore, in an African context where 60 percent of non-agricultural labor exists in the informal sector, the ways in which we quantify housing affordability needs urgent redress.
With the aim of stimulating the creation of housing finance instruments that are more responsive to household needs, resources, and spending habits, CAHF launched its Housing Investment Chronicles (HIC) project in November 2016. The HIC uses qualitative research methods to chronicle the housing investment strategies of low-income households in Cameroon. The research aims to build an investment profile of these households by answering key questions around time, financing, housing typology, land and title, investment priorities, and key barriers to accessing housing finance.
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