201. Mali Financial Sector Assessment Program : Housing Finance
- Author
-
World Bank
- Subjects
AFFORDABILITY ,FINANCIAL SECTOR DEVELOPMENT ,INVESTMENT ,ACCESS LEVELS ,SAVINGS BANK ,LEGAL TITLE ,DEPOSIT ,FINANCING ,RISK PERCEPTIONS ,LAND ISSUES ,FINANCIAL SECTOR ASSESSMENT ,MORTGAGE MARKET ,INVESTMENTS ,AFFORDABLE HOUSING ,AFFORDABLE HOUSING FINANCE ,COOPERATIVE ,COLLATERAL ,MORTGAGE LOAN ,REGULAR PAYMENTS ,FINANCIAL MARKET ,MORAL HAZARD ,CREDIT FLOW ,CREDIT LINES ,TITLE REGISTRATION ,EARNINGS ,INTERESTS ,MORTGAGE ,DOWN PAYMENT ,FINANCIAL MARKETS ,LOAN PROGRAMS ,AGRICULTURAL FINANCE ,BORROWERS ,LOAN APPROVAL ,DEPOSITS ,NEW BUSINESS ,MORTGAGE PRODUCT ,RECEIPT ,MICRO FINANCE INSTITUTIONS ,PROPERTY RIGHTS ,BUSINESS VOLUMES ,BALANCE SHEET ,MICROFINANCE INSTITUTION ,ACCESS TO FINANCIAL SERVICES ,MONETARY POLICY ,INTEREST RATES ,MORTGAGES ,CREDIT RISK ,ARREARS ,GUARANTEES ,AFFORDABLE FINANCING ,LOAN SIZE ,PAYMENTS ,RESIDENTIAL MORTGAGES ,LAND MARKET ,FINANCIAL SERVICES ,PROPERTY ,DEBTS ,PROFITABILITY ,LOAN PORTFOLIO ,FORM OF COLLATERAL ,PROPERTIES ,DEBT OUTSTANDING ,FIXED ASSETS ,SAVINGS PRODUCT ,GOVERNMENT FUNDING ,COOPERATIVE BANKS ,LENDERS ,LENDER ,INCOME TAX ,SECURITY ,PROPERTY TAX ,PRIVATE SECTOR LOAN ,LOAN PRODUCTS ,FINANCIAL SYSTEM ,FINANCIAL INSTITUTIONS ,BUSINESS PLAN ,UMBRELLA ORGANIZATION ,HOUSEHOLDS ,BANKING SERVICES ,PRIVATE CREDIT ,BANKS ,LAND ADMINISTRATION ,HOME OWNERSHIP ,CREDIT GUARANTEES ,UNION ,BORROWING ,PRIVATIZATION ,MICRO LOANS ,LOAN ,CREDIT ,FINANCIAL DEVELOPMENT ,REGULATORY OVERSIGHT ,MICROFINANCE ,MORTGAGE DEBT ,PROVISION OF MORTGAGE ,COOPERATIVES ,INCOME GROUPS ,REPAYMENT ,REAL ESTATE ,CORRUPTION ,FINANCIAL HEALTH ,HOUSING FINANCE ,ECONOMIC AGENTS ,WHOLESALE FUNDING ,CREDIT WORTHINESS ,PAYMENT ,BANKING SYSTEM ,URBAN AREA ,RURAL BANKS ,FIXED DEPOSITS ,TECHNICAL ASSISTANCE ,CREDITOR ,URBAN COOPERATIVE BANKS ,FINANCIAL EDUCATION ,WOMEN ,CONSUMER EDUCATION ,REGISTRATION SYSTEM ,TECHNICAL SUPPORT ,GUARANTEE ,POSTAL SAVINGS ,BANK ,LACK OF CAPITAL ,LOANS ,CONSUMER PROTECTION ,MICRO-FINANCE ,DISCLOSURE REQUIREMENTS ,RISK MANAGEMENT ,MFI ,HOUSING LOANS ,SECONDARY MORTGAGE MARKET ,GUARANTEE SCHEME ,FINANCE ,DEVELOPMENT FINANCE ,COOPERATION ,CREDIT BUREAU ,HOME IMPROVEMENT ,HOUSEHOLD ,LACK OF FINANCE ,DEBT ,GRANT ,SOURCES OF FUNDS ,FINANCIAL SECTOR REFORM ,CAPITAL ADEQUACY ,MFIS ,MORTGAGE LENDING ,CREDITS ,FINANCIAL PRODUCTS ,CHECKING ACCOUNTS ,ACCESS TO FINANCE ,FEES ,CAPITAL MARKET ,LAND MARKETS ,CAPITAL ,BANK LENDERS ,FINANCES ,DEPOSIT ACCOUNTS ,INSTALLMENTS ,INFORMATION ON CREDIT ,MARKET DEVELOPMENT ,REMITTANCES ,HOUSING LOAN ,BANK FINANCING ,BORROWINGS ,FAMILY ,CORPORATE DEPOSITS ,EMPLOYEES ,EQUITY ,MORTGAGE LOANS ,LONG-TERM LENDING ,FINANCIAL INSTITUTION ,TERMS OF LOAN ,LAND RIGHTS ,MICROFINANCE INSTITUTIONS ,ACCESS TO CREDIT ,LOAN GUARANTEES ,COMMERCIAL BANKS ,PEOPLE ,HOMEOWNERSHIP ,POOR CREDIT ,INVESTMENT BANK ,FULL ACCESS ,CREDIT INSTITUTION ,INTEREST ,ELIGIBILITY CRITERIA ,LOAN GUARANTEE ,SUBSIDY ,FINANCIAL SUPPORT ,FINANCE COMPANIES ,SAVINGS ,MICRO FINANCE ,URBAN AREAS ,INTEREST RATE ,EQUITABLE ACCESS ,TAX CONCESSIONS ,MORTGAGE LENDERS - Abstract
The housing finance market in Mali remains small and under developed. Few banks currently offer a full mortgage product with Banque Malienne de Solidarite, Mali Housing Bank (BHM), Bank of Africa, and EcoBank being the main lenders although at minimal levels. The total annual housing need in Mali based on the household formation rate amounts to 82,500, split between 51,100 urban units and 31,400 rural units. Overall some social housing is constructed and support is provided by the state for low income housing through the Office Malienne de l’Habitat (OMH), but the numbers remain small. The Malien authorities have been working to strengthen financial sector stability which includes measures to stabilize the BHM and put it in a position where it begins to fulfill its mandate of providing credit for the housing sector. A strategy was approved by the council of Minister for a strategic disengagement by the state from the share capital of BHM. Initially the agreed plan was for BHM to be privatized. Overall progress in delivery of affordable housing will require a concerted effort among all stakeholders both in public and private sector. This should be supported through establishment of stakeholder coordination group to oversee change across the housing value chain.
- Published
- 2015