We make sure that the programmes we support are funded and sustainable. These programmes embody the ability of philanthropy and profit-making enterprise to work together for the benefit of all:


The programmes funded by Ngena have proved and will continue to prove that with the correct robust risk management processes, home loans to creditworthy lower and middle income people are safe as houses and, with rare exceptions, are repaid. Moreover, it illustrates that as long as people have the affordability, the cash deposit requirement is not the panacea to combat default. Through the CRI – Collateral Replacement Indemnity - the programmes provide guarantees to lenders for the equivalent of the deposit requirement, so as to enable borrowers who have the affordability to access 100% loans.


In the construction of affordable housing, developers are generally required to purchase the land for development and are only then able to access a maximum of 80% of the development cost. To bridge this funding gap, developers usually need purchasers to “secure” their purchase with a cash deposit. A practice which is “frowned upon” or just plain outlawed in many jurisdictions. 

The programmes that Ngena supports provides a financial guarantee to the banks for the portion of the construction finance that would have been covered by the buyer deposit, negating the need for buyers to fund this, while still fulfilling the regulatory and risk management requirements of lenders.

The facilitation of micro, small and medium enterprise (MSME), again through funding for guarantees or other risk sharing interventions, to lenders that make loans available to creditworthy individuals.

Ngena participates in this sector within an insurance based programme, risk sharing with lenders who make loans to creditworthy borrowers. Once again, credit underwriting criteria are robust and comprehensive, and may include the provision of training to teach people to manage their businesses. It will also, where appropriate and possible, be risk managed through the introduction of a specific closed –loop payment system, YoManE to deliver purchase and settlement capacity at lower cost, significantly reducing the fraud risk, while simultaneously allowing credit providers (MSME lenders) to prohibit non-authorised disbursement of loan funds. It has the capacity to provide virtually free banking facilities to the under banked.

There are many small groups, who provide invaluable assistance in their local areas to those in need. Often they themselves are under resourced – but use every means at their disposal to provide for and assist others. Invariably these groups do not have the money to fundraise – every cent goes towards whatever their activities are. In the course of the housing, construction and micro enterprise programmes, and in particular the resulting interaction within the communities, these groups become known. To the extent that it is possible to assist them to do their work, Ngena do so.


Micro enterprise
based organization