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Community-Led Infrastructure Finance Facility
The Community-Led Infrastructure Finance Facility or CLIFF was a UK and Swedish finance facility created in 2002 providing bridge finance and venture capital for housing and infrastructure (especially water and sanitation) to developing countries. It was coordinated by the charity Homeless International, with most of the funding coming from the United Kingdom's Department for International Development and the Swedish International Development Cooperation Agency. The facility was shutdown in 2018. CLIFF was mainly intended to support community-led NGOs and CBOs working on issues of social housing and urban poverty, who do not have otherwise access to mainstream housing finance (especially in countries where the financial sector is still under-developed). It allows communities to implement demonstration projects, in order to secure funding for larger-scale projects. History CLIFF was created as the result of a Department for International Development-funded research entitled ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Bridge Finance
A bridge loan is a type of short-term loan, typically taken out for a period of 2 weeks to 3 years pending the arrangement of larger or longer-term financing. It is usually called a bridging loan in the United Kingdom, also known as a "caveat loan," and also known in some applications as a swing loan. In South African usage, the term bridging finance is more common, but is used in a more restricted sense than is common elsewhere. A bridge loan is interim financing for an individual or business until permanent financing or the next stage of financing is obtained. Money from the new financing is generally used to "take out" (i.e. to pay back) the bridge loan, as well as other capitalization needs. Bridge loans are typically more expensive than conventional financing, to compensate for the additional risk. Bridge loans typically have a higher interest rate, points (points are essentially fees, 1 point equals 1% of loan amount), and other costs that are amortized over a shorter period, ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |