Mapping the Micro-Lending Landscape for Lumkani Protection in Cape Town, South Africa Public
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Growth of low-income housing around the world has resulted in overcrowded informal settlements at high risk of fire. The social enterprise, Lumkani, has developed a networked heat detector that alerts community members in the event of a fire. In an effort to expand distribution, Lumkani has partnered with Hollard Group Insurance and is seeking partnerships with micro-lending organizations globally. This project assessed the micro-lending landscape and developed an estimated monetary value model to quantify the expense of fire related defaults to lenders to identify viable partner organizations. We concluded that non-government organizations are the most viable global partners, while housing lenders servicing residents in high-risk communities are the most promising domestic partners.
- This report represents the work of one or more WPI undergraduate students submitted to the faculty as evidence of completion of a degree requirement. WPI routinely publishes these reports on its website without editorial or peer review.
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