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RHLF’s Mandate

RHLF’s Mandate. To empower people in rural areas to maximize their housing choices and improve their living conditions with access to credit from sustainable retail lenders. RHLF Housing Lending Model. RHLF provides developmental credit for incremental home building.

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RHLF’s Mandate

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  1. RHLF’s Mandate To empower people in rural areas to maximize their housing choices and improve their living conditions with access to credit from sustainable retail lenders.

  2. RHLF Housing Lending Model • RHLF provides developmental credit for incremental home building. • Total retail loan book of R176 Mio across currently 11 non-bank intermediaries. • Scale of RHLF funded and leveraged debtors books totals R 680 m. • Loans are structured as unsecured, personal housing loans: no mortgage bond, no underlying repossess-able goods, no privileged access to client‘s salary or bank account. • Loans are made strictly on the back of demonstrated affordability and good faith of the client. • RHLF funded loans distributed via partner lender branches, loan agents and brokers, mobile sales offices, SAPO & building material merchants.

  3. Household income distribution: • over 50% of non-metro residents earn R1000-R3000 per month; 15% earn R3000-R7500 • Over 20% of metro residents earn R3000-R7500; another 20% earn R1000-R3000

  4. Financial access by income group: • 20% of non-metro households earning R3000 – R7500 are not formally banked. • Over 30% of non-metro households earning R1000 – R3000 are not formally banked.

  5. Housing affordability

  6. RHLF’s development impact

  7. RHLF Impact All figures as of RHLF fiscal year end at 31-March.

  8. Nkangala Northern Free State Uthukela Kgalagadi Ehlanzeni DPLG listed Rural Nodes Sisonke DC uMgungundlovu Other Rural District Councils Uthungulu DC Francis Baard Xhariep Thabo Mofutsanyana West Coast Amatole District ` Boland Motheo Overberg

  9. Financial information

  10. RHLF’s Priorities for 2008/09 • Increase exposure to major retail lending partners to take advantage of distribution networks created • Target established entities to diversify into housing lending • Continue to use influence to facilitate consolidation of and restructuring of financially weaker retail partners • Conduct research in feasibility of Rural Housing Subsidy Voucher • Raise additional wholesale funds by proving that rural people are a good credit risk

  11. Challenges and opportunities Challenges: • Affordability – Higher inflation, food, transport. • Funding: RHLF and Retail Partners • Acceptability of Incremental Housing Finance as a viable alternative to mortgage finance Opportunities: • Larger longer tenor housing loans under NCA • More efficient collection platforms – EDO • Sustainable distribution network

  12. GovernanceBoard Members

  13. Thank You

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