Faculty Advisor

Agloro, Alexandrina R

Faculty Advisor

Bulled, Nicola

Center

CAPETOWN / Cape Town, South Africa Project Program

Abstract

Growth of low-income housing around the world has resulted in overcrowded informal settlements at high risk of fire. The social enterprise, Lumkani, has developed a networked heat detector that alerts community members in the event of a fire. In an effort to expand distribution, Lumkani has partnered with Hollard Group Insurance and is seeking partnerships with micro-lending organizations globally. This project assessed the micro-lending landscape and developed an estimated monetary value model to quantify the expense of fire related defaults to lenders to identify viable partner organizations. We concluded that non-government organizations are the most viable global partners, while housing lenders servicing residents in high-risk communities are the most promising domestic partners.

Publisher

Worcester Polytechnic Institute

Date Accepted

December 2016

Project Type

Interactive Qualifying Project

Accessibility

Unrestricted

Advisor Department

Humanities and Arts

Advisor Department

Interdisciplinary Programs

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