Usage of credit is extremely focused geographically, and by money segment
Inside Guatemala the brand new housing marketplace face one or two important demands, a leading shortage and poor off existing properties. Predicated on study on Guatemalan Vice Ministry off Houses, the casing shortage is step one.2 billion equipment, and of such way more one 700,000 make up the fresh new qualitative deficit. Approximately 20% off properties run out of a minumum of one first properties and you will twenty-five% from houses suffer with overcrowding. Broken down from the earnings, 591,167 homes are expected into the worst in addition to significant worst homes and over 420,000 domiciles for reasonable-moderate money family members (Velasco and you can Unicamente, 2008).
Based on World Financial quotes such financial institutions defense regarding the that 5th of need for home improvements and basic properties supply (Velasco and you can Unicamente, 2007)
Deficiencies in use of economic qualities generally and you may property finance especially exacerbates the safeguards difficulties of your poor. 74% out-of Guatemalans are unbanked (eight.1 million residential property) and you can 55% of them have not complete a financial exchange (WRI, 2006).