17 Dec Landed assets once the equity to gain access to credit for casing growth in Ghana: Your situation out-of North Region of Ghana
Abstract
Property in the commons, and/or Arizona Opinion, as it is known various other circles, posits one to arrived assets and you may the means to access certified borrowing is personally relevant. Whether got assets advances entry to authoritative credit or perhaps not has actually started within center of your discussion, with different simple proof, particularly for the worldwide Southern. A different relevant dimension of your own debate inquiries new effects off relatives-help-financial preparations playing with intra-friends import regarding homes since collateral to help with a great member's mortgage of the placing a charge into the cumulative possessions. It paper investigates the usage of arrived property since the collateral so you can availability authoritative credit regarding loan providers to possess property development in the latest Tamale Urban City (TMA) regarding the North Area for Ghana. An important research real question is: does specialized documents regarding arrived assets because equity assist in being able to access certified borrowing from the bank for houses growth in TMA? The study requires the entry to inside the-depth interviews to investigate the viewpoints off house developers, borrowing officers off universal finance companies, and you will residential property name proprietors to the cousin dependence on landed assets and the means to access borrowing from the bank to own housing invention. The knowledge was analysed in the form of thematic stuff investigation. This new findings mean that even when landed property can get contribute to the choice to grant formal credit, this isn't a change-key services easily acknowledged in the last lending decision.