Housing association's loan to third world slum dwellers

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Published by Max Salsbury for 24dash.com in Housing and also in Communities, Development, Finance

Magna Housing Association has given a £21,000 loan to support people living in slums in third world countries. The Dorset-based social provider - which runs around 6,000 homes - made the loan to UK charity, Homeless International. The charity has used the funds to provide guarantees to local banks which enable partner organisations to access affordable loans and build their financial credibility.  Magna's loan has already supported the construction of 59 housing units in Rua, Na...

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