THE ROLE OF MICROFINANCE FOR HOUSING OF LOW-INCOMES: THE CASE OF BALTIMORE
Autor(a) principal: | |
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Data de Publicação: | 2018 |
Outros Autores: | , |
Tipo de documento: | Artigo |
Idioma: | eng |
Título da fonte: | RAM. Revista de Administração Mackenzie |
Texto Completo: | http://old.scielo.br/scielo.php?script=sci_arttext&pid=S1678-69712018000100302 |
Resumo: | ABSTRACT Purpose: This study proposes to map the barriers to scaling the microfinance industry in the U.S., as it pertains to home maintenance and improvement for low-income households. The selected context of analysis is the American city of Baltimore, due to the city’s high need for housing repair and large percentage of residents with limited access to finance. Originality/Value: Most research has discarded microfinance as a viable option for a housing market solution in the U.S. This paper discusses how the market of microfinance for housing repair could improve its financial sustainability seizing the smaller dollar value of repair loans, relative to housing purchase, and the high and recurring need for repair. Design/methodology/approach: Qualitative research was conducted on how microfinance for housing repair works in Baltimore City, leveraging secondary government and private research, along with interviews with lenders and borrowers. Data were analyzed through PESTEL framework, describing the macro-environmental context. Findings: The market for Housing Microfinance (HM) loan products in Baltimore matches the academic literature. Similar market demands exist as they relate to an increasingly aging housing stock. Lender supply of financing seems “healthy”, but it is mostly from philanthropic or government sources favoring “affordability” over financial sustainability. |
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THE ROLE OF MICROFINANCE FOR HOUSING OF LOW-INCOMES: THE CASE OF BALTIMOREMicrofinanceHousingBaltimoreFinancially Self-Supporting MicrocreditSubsidized HousingABSTRACT Purpose: This study proposes to map the barriers to scaling the microfinance industry in the U.S., as it pertains to home maintenance and improvement for low-income households. The selected context of analysis is the American city of Baltimore, due to the city’s high need for housing repair and large percentage of residents with limited access to finance. Originality/Value: Most research has discarded microfinance as a viable option for a housing market solution in the U.S. This paper discusses how the market of microfinance for housing repair could improve its financial sustainability seizing the smaller dollar value of repair loans, relative to housing purchase, and the high and recurring need for repair. Design/methodology/approach: Qualitative research was conducted on how microfinance for housing repair works in Baltimore City, leveraging secondary government and private research, along with interviews with lenders and borrowers. Data were analyzed through PESTEL framework, describing the macro-environmental context. Findings: The market for Housing Microfinance (HM) loan products in Baltimore matches the academic literature. Similar market demands exist as they relate to an increasingly aging housing stock. Lender supply of financing seems “healthy”, but it is mostly from philanthropic or government sources favoring “affordability” over financial sustainability.Editora MackenzieUniversidade Presbiteriana Mackenzie2018-01-01info:eu-repo/semantics/articleinfo:eu-repo/semantics/publishedVersiontext/htmlhttp://old.scielo.br/scielo.php?script=sci_arttext&pid=S1678-69712018000100302RAM. Revista de Administração Mackenzie v.19 n.1 2018reponame:RAM. Revista de Administração Mackenzieinstname:Universidade Presbiteriana Mackenzie (UPM)instacron:MACKENZIE10.1590/1678-6971/eramg180089info:eu-repo/semantics/openAccessSCOTT,ANTHONYGONZALEZ,LAUROCHRISTOPOULOS,TANIA PEREIRAeng2018-03-28T00:00:00Zoai:scielo:S1678-69712018000100302Revistahttps://www.scielo.br/j/ram/https://old.scielo.br/oai/scielo-oai.phprevista.adm@mackenzie.br1678-69711518-6776opendoar:2018-03-28T00:00RAM. Revista de Administração Mackenzie - Universidade Presbiteriana Mackenzie (UPM)false |
dc.title.none.fl_str_mv |
THE ROLE OF MICROFINANCE FOR HOUSING OF LOW-INCOMES: THE CASE OF BALTIMORE |
title |
THE ROLE OF MICROFINANCE FOR HOUSING OF LOW-INCOMES: THE CASE OF BALTIMORE |
spellingShingle |
THE ROLE OF MICROFINANCE FOR HOUSING OF LOW-INCOMES: THE CASE OF BALTIMORE SCOTT,ANTHONY Microfinance Housing Baltimore Financially Self-Supporting Microcredit Subsidized Housing |
title_short |
THE ROLE OF MICROFINANCE FOR HOUSING OF LOW-INCOMES: THE CASE OF BALTIMORE |
title_full |
THE ROLE OF MICROFINANCE FOR HOUSING OF LOW-INCOMES: THE CASE OF BALTIMORE |
title_fullStr |
THE ROLE OF MICROFINANCE FOR HOUSING OF LOW-INCOMES: THE CASE OF BALTIMORE |
title_full_unstemmed |
THE ROLE OF MICROFINANCE FOR HOUSING OF LOW-INCOMES: THE CASE OF BALTIMORE |
title_sort |
THE ROLE OF MICROFINANCE FOR HOUSING OF LOW-INCOMES: THE CASE OF BALTIMORE |
author |
SCOTT,ANTHONY |
author_facet |
SCOTT,ANTHONY GONZALEZ,LAURO CHRISTOPOULOS,TANIA PEREIRA |
author_role |
author |
author2 |
GONZALEZ,LAURO CHRISTOPOULOS,TANIA PEREIRA |
author2_role |
author author |
dc.contributor.author.fl_str_mv |
SCOTT,ANTHONY GONZALEZ,LAURO CHRISTOPOULOS,TANIA PEREIRA |
dc.subject.por.fl_str_mv |
Microfinance Housing Baltimore Financially Self-Supporting Microcredit Subsidized Housing |
topic |
Microfinance Housing Baltimore Financially Self-Supporting Microcredit Subsidized Housing |
description |
ABSTRACT Purpose: This study proposes to map the barriers to scaling the microfinance industry in the U.S., as it pertains to home maintenance and improvement for low-income households. The selected context of analysis is the American city of Baltimore, due to the city’s high need for housing repair and large percentage of residents with limited access to finance. Originality/Value: Most research has discarded microfinance as a viable option for a housing market solution in the U.S. This paper discusses how the market of microfinance for housing repair could improve its financial sustainability seizing the smaller dollar value of repair loans, relative to housing purchase, and the high and recurring need for repair. Design/methodology/approach: Qualitative research was conducted on how microfinance for housing repair works in Baltimore City, leveraging secondary government and private research, along with interviews with lenders and borrowers. Data were analyzed through PESTEL framework, describing the macro-environmental context. Findings: The market for Housing Microfinance (HM) loan products in Baltimore matches the academic literature. Similar market demands exist as they relate to an increasingly aging housing stock. Lender supply of financing seems “healthy”, but it is mostly from philanthropic or government sources favoring “affordability” over financial sustainability. |
publishDate |
2018 |
dc.date.none.fl_str_mv |
2018-01-01 |
dc.type.driver.fl_str_mv |
info:eu-repo/semantics/article |
dc.type.status.fl_str_mv |
info:eu-repo/semantics/publishedVersion |
format |
article |
status_str |
publishedVersion |
dc.identifier.uri.fl_str_mv |
http://old.scielo.br/scielo.php?script=sci_arttext&pid=S1678-69712018000100302 |
url |
http://old.scielo.br/scielo.php?script=sci_arttext&pid=S1678-69712018000100302 |
dc.language.iso.fl_str_mv |
eng |
language |
eng |
dc.relation.none.fl_str_mv |
10.1590/1678-6971/eramg180089 |
dc.rights.driver.fl_str_mv |
info:eu-repo/semantics/openAccess |
eu_rights_str_mv |
openAccess |
dc.format.none.fl_str_mv |
text/html |
dc.publisher.none.fl_str_mv |
Editora Mackenzie Universidade Presbiteriana Mackenzie |
publisher.none.fl_str_mv |
Editora Mackenzie Universidade Presbiteriana Mackenzie |
dc.source.none.fl_str_mv |
RAM. Revista de Administração Mackenzie v.19 n.1 2018 reponame:RAM. Revista de Administração Mackenzie instname:Universidade Presbiteriana Mackenzie (UPM) instacron:MACKENZIE |
instname_str |
Universidade Presbiteriana Mackenzie (UPM) |
instacron_str |
MACKENZIE |
institution |
MACKENZIE |
reponame_str |
RAM. Revista de Administração Mackenzie |
collection |
RAM. Revista de Administração Mackenzie |
repository.name.fl_str_mv |
RAM. Revista de Administração Mackenzie - Universidade Presbiteriana Mackenzie (UPM) |
repository.mail.fl_str_mv |
revista.adm@mackenzie.br |
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1752128650099032064 |