Private sector housing finance institutions have a mandate given to them by investors. They have to make a profit This means safeguarding against risks and avoiding decisions that endanger profitability and investors' funds. In pursuing this mandate, housing finance institutions are often seen as unrealistic, inflexible and insensitive capitalist organisations which do not understand the special circumstances of the low- income groups, most of which cannot meet their stringent eligibility criteria and rigid lending terms. This study wishes to highlight the situation in Zimbabwe by focusing on the peculiar needs and circumstances of private sector housing finance institutions and appraising their lending performance so far.
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