Nissi Global provides Housing Microfinance Loans to meet the demand of its low- income households to repair, improve their existing homes or build their own homes incrementally one loan at a time. Most households cannot afford to buy the least expensive house, even if mortgage finance was readily available. Instead, many households build their housing incrementally, step-by- step, room-by-room. With access to housing microfinance, and at lower rates than traditional loans, households can undertake the process of building their housing over a shorter time and end up with a better-quality home. All you need are your own home title deeds or serialised assets for collateral. Credit assessment is based on character investigation processes. Our process includes documentation to verify residence, a list of building materials to be purchased or that have already been secured by the borrower, and an estimate for specialised labour. The Nissi Housing Micro Loan Product is our way to reach low-income individuals typically excluded from housing finance markets. Our micro-mortgages product appeals to a wider potential market further down the economic pyramid.
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