Housing Microfinance in Europe – expectations, predictions, programs from Peter Surek – Erste Group

A safe and stable home is an essential requirement for a decent life. It offers a vital foundation for health, education, and the opportunity to work. For those who own their home, it is also…
Housing Microfinance in Europe – expectations, predictions, programs from Peter Surek – Erste Group

A safe and stable home is an essential requirement for a decent life. It offers a vital foundation for health, education, and the opportunity to work.

For those who own their home, it is also often their greatest financial asset. In the developed world, housing finance is synonymous with mortgage lending. It is a key element of the economy and the banking sector. Housing microfinance loans have relatively short repayment periods, small amounts, and little or no collateral required.

Peter Surek our speaker from Erste Group will exhibit and present about Housing Microfinance in practice and Housing Programs in Central Europe at our 3rd Global Microfinance Summit in Istanbul.

As an expert in this segment he shared his experience about Housing Microfinance in Europe and Erste Group programs:

 

  • What are your expectations for the GMS_2019 following the experience from last Summit in Vienna?

I am looking forwards to meet again the key European players in microfinance sector and exchange new developments of their activities.

At the same time with extending the regional scope of the conference I expect interesting discussions on the microfinance approaches implemented in the other continents.

 

  • What do you think about Housing microfinance segment in CEE Europa?

One might think housing microfinance is something for third world countries and has no practical use and therefore no place and in Europe.

Looking at the shocking Eurostat housing deprivation figures of underprivileged Europeans accompanied by stricter regulatory framework disabling mortgage financing for low income people, housing microfinance suddenly appears as one of the helpful tools.

 

  • Erste group Housing programs and whom they are meant for?

We have initiated Housing program designed for excluded Roma communities in eastern part of Slovakia.

Entering these marginalized communities one would not believe being still on the territory of European Union. Our pilot project holistically embeds multiple components needed to achieve sustainable impact such as social work, financial literacy, regular savings, housing microloan and construction supervision.

 

  • What are predictions and expectations for 2019-2020 in regards to housing microfinance segment at mentioned region?

Our project requires substantial philanthropic funding for the supporting social services which were until now to high extent covered by ERSTE Foundation. Dependent on support from the public sector we intend to catalyze construction of 100 – 500 houses in the most deprived areas within the upcoming 2 years.

 

Want to hear more from Mr. Peter Surek? Don’t miss this unique chance to meet him in Istanbul at our 3rd Global Microfinance Summit! Euroevents is pleased to invite you in the inspiring and exciting city of Istanbul on the 24 – 25 January 2019.

Book your seat here: https://lnkd.in/dVxBC45