This programme attracts capital to critical development areas like financial inclusion and affordable housing, empowering entrepreneurs to develop their own communities.
A R1 billion Blended Finance Programme to formalise and scale South Africa’s burgeoning affordable rental market has been launched.
The programme, launched by Rand Merchant Bank (RMB) and INDLU, aims to bridge the national housing gap-currently estimated at 2.3 million units-by providing sustainable, affordable credit to micro-developers who have historically been excluded from traditional banking sectors due to a perceived lack of formal collateral.
INDLU is a South African property financial technology company that empowers landowners to build, manage, and earn from high-quality rental housing.
The Indlu Blended Finance Programme represents a blueprint for how South African capital markets can drive large-scale, powerful social impact without compromising financial performance, says Alessandro Scalco of RMB Sustainable Finance.
