ROSCAs as a source of housing finance for the urban poor : an analysis of self-help practices from Hyderabad , India 1

For the urban poor, housing finance from ROSCAs (rotating savings and credit association) is an alternative to conventional housing finance, which requires conventional collateral. Contrary to conventional housing finance, the creditworthiness of ROSCA participants is determined largely by social factors. Moreover, a link exists between ROSCA participation… CONTINUE READING