To discover how the questions of mobilising funds, of access and of lowering
the need for credit can be answered to the advantage of the low-income households,
it may be of use to cast a glance at the reality of the existing informal
housing finance for low-income families, since these informal methods of finance
are, combined with the technology used, a very logical, rational and economical
way of sotving the housing problem. 26 After all, the urban and rural marginal
population of the developing countries live in the conditions which they can
economically afford -- that is, in a certain by no means cynically intended sense,
‘adequately’. These conditions are, of course, unsatisfactory - objectively so and
not only by middle-class standards. So it is necessary to develop further the
informal solutions discovered long ago without resorting to the unrealistic and
frustrating requirements which the conventional systems postulate.
To discover how the questions of mobilising funds, of access and of loweringthe need for credit can be answered to the advantage of the low-income households,it may be of use to cast a glance at the reality of the existing informalhousing finance for low-income families, since these informal methods of financeare, combined with the technology used, a very logical, rational and economicalway of sotving the housing problem. 26 After all, the urban and rural marginalpopulation of the developing countries live in the conditions which they caneconomically afford -- that is, in a certain by no means cynically intended sense,‘adequately’. These conditions are, of course, unsatisfactory - objectively so andnot only by middle-class standards. So it is necessary to develop further theinformal solutions discovered long ago without resorting to the unrealistic andfrustrating requirements which the conventional systems postulate.
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