Habitat et Participation

Habitat et Participation
Mutual savings group for housing
Social Purpose: 
The project facilitates the access to properties by low-income families by providing all participants to use the joint savings and, in turn, to pre-finance the deposit required to sign a sales agreement. Particpants have to save the same amount each month into a common account for a certain period of time (2 1/2 years for instance).
Social Impact: 
Wellbeing thanks to better housing conditions Social inclusion Access to housing for low-income families Crowdsourcing of financial means Better living conditions for low-income families
Innovative Character: 
This initiative provides low-income families with the means to buy their own house, thanks to collectively building up a "mutual" guarantee system.
Country: 
Scaling Trajectory: