So: give the slum-dwellers the title deeds, while encouraging micro-banking.
What can a borrower pledge when starting from zero? Ms Wallace's team sought advice from the World Bank and from micro-banks in Indonesia, Mozambique and elsewhere, and found that almost anything will serve as collateral, provided it means a lot to the borrower.
Saturday's episode of The Thick of It saw the show's Lib Dem surrogates - junior minister Fergus and his adviser Adam - bumble their way into accidentally agreeing to a pretty young female economist's proposal of a £2bn micro-bank to "set up a network of micro-credit lenders at neighbourhood level" to help businesses such as "sisters who want to set up a pop-up baker's in a disused travel agents".
The company is in the process of acquiring a micro-finance banking license, something LeadPath Nigeria founder Olumide Soyombo confirmed on a call with TechCrunch.
Micro finance banks in Lagos and micro-credit companies in China have non-technical stringent conditions and a better understanding of SME business and financing dynamics and charge interest rates as high as 5% flat monthly (Ehigiamusoe, 2008; Kitching & Woldie, 2004).
Since the insurgency began, the local micro-finance bank where Anderibom works has reduced its staff as business has declined.
Often he would have to borrow to get through to the end of the month, sometimes from friends, sometimes from the "micro-lender" banks who specialised in payday loans at interest rates as high as 50% a month.
The Micro-Enterprise Bank in Kosovo is thought to be the most profitable in Central and Eastern Europe.In the 1990s many international banks were trying to reduce their loan books and concentrate on fee income from corporate finance and the more affluent clients.
We need to bring together local stakeholders, including large corporations, small businesses, community organizations and schools to scale micro-food banks to fill the shortfall in donated food.
The Foundation gives grants to micro-lending banks in Latin America, Africa and Asia that then loan money to women (no men allowed here) in order to enable them to start a small business.
