About Somsook Boonyabancha

Somsook Boonyabancha is currently the Chairperson of Asian Coalition for Housing Rights, a regional network of communities, NGOs and professionals in Asia. She is former Director of the Community Organizations Development Institute, which managed a national community development fund and carried out a city community upgrading program on national scale in Thailand. An architect by training, she holds an honorary PhD in Architecture from Khonkhaen University. She also received special training on Housing and Urbanisation from the Royal Academy of Fine Arts, School of Architecture in Denmark. Her whole life, she has been involved in collective housing and community development processes in which members of poor communities themselves are the key drivers.

Banking the Unbankable: Community Finance in Asia

By | 2018-04-10T15:29:43+00:00 April 10th 2018|Categories: GOVERNANCE & FINANCE, MUNICIPAL & CLIMATE FINANCE|Tags: , , , , , |

Most urban slum dwellers in Asian countries cannot access conventional systems of finance. To get a loan, you need to prove you are creditworthy. But without a pay slip, you are unbankable. People living in poor communities need access to loans and other forms of financing to develop solutions to the serious problems they face, writes Somsook Boonyabancha. With a variety of models and scales ranging from small community funds to national-level networks, community finance is a popular and growing tool that promises to open up new possibilities for the people most in need.

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