FGHM is a financial institution, which has the role of supporting accessibility of populations to housing by facilitating their access to financing, in particular banking.

Fruit of the co-operation between Mali and Canada, the institution was created in 2000 under the aegis of the Urban Housing Financing Project of Mali, to contribute to the setting up of the national Strategy tools of Housing (adopted in 1995) and to offer an instrument of structuring of housing financing. 

The institution benefited during Canadian project phase from, a technical and financial assistance for the starting of its activities, setting up of management tools, improvement of legal and regulatory framework of housing financing and the technical expertise

FGHM’s activity involves supporting the banking system by offering a covering of risks related to mortgage, by widening possibilities of access of populations to financing of housing, by raising the quality of mortgage portfolio and by developing mobilization of resources adapted to promote housing financing. 

Motivated by economic and social repercussions on the area, thirteen (13) companies of reputation joined us to transform this project to reality.  FGHM has a turnover of XOF 330 million and granted with claims funds of XOF 500 million, fruit of a subsidy of the Canadian co-operation to build capacities of intervention of the institutions.
 
Since the beginning of its activities in January 2001, the Mali Mortgage Guarantee Funds Limited   emitted commitments of guarantee to the profit of the Malian Bank of Housing (BHM)(which is the national banking institution dedicated to housing financing), of the Network of Loans and Savings Nyésigiso, (a microfinance institution which taking part in housing financing) and since 2007, of Bank Of Africa Mali which started mortgage loans activity.

The FGHM is one of the rare kinds of companies in African region (except Algeria and South Africa) and its experiment today is largely recognized in our economical region countries, which get their inspiration from in the framework of implementation of their national housing strategy.  To this end, one of the development prospects of the company, and which is supported by the partners (among which World Bank and SFI), aiming at extension of its guarantee activity to countries of our sub region. 

The international financial crisis and its impacts on the financial sector, particularly its impacts on Housing financing institutions showed the importance of tools and regulation measurements and stabilization of the financial money.
 
Our institution plays a leading role in the process in spite of the early stage of the financial environment. It constitutes in this respect a significant regulatory tool of the financial market

In spite young age of our Company, we established a structure and effective working methods, as well as rigorous and appropriate policies and standards to particularities of our market and to the requirements of the international financing. 

 We benefited from collaboration of extremely experienced partners in the field of mortgage security (International Development Desjardins and CMCH of Canada) and contributed to the rise of the national policy of development the housing sector. 

Government considers housing like an indicator of poverty of Mali and within the framework of poverty reduction it put accessibility to housing of populations more particularly the poorest ones as a priority of its policy of social development.  In addition, the repercussions that will result from the growth of the housing sector will be numerous.  In addition to housing financing, land titles, mixed and commercial properties, indirect repercussions will come to stimulate the economy.  Additional local and regional labour needs in the field for construction will rise.  Real Estate developers, contractors in construction and manufacturing companies and of services of the region will be able to benefit from injection of capital, which, in their turn, will make it possible to continue the development of the economy. 

All these factors require from us a good structuring of our financing system and a real stability of our financial system. 
The creation of a dynamic mortgage market on the sub regional scale constitutes in this respect an objective if we want to offer to our population real opportunities for having access to the financing of their housing through introduction of a mechanism of autonomous and durable financing.  Resorting to the public financing constitutes for our countries a heavy burden which necessary to ensure a real takeoff of housing financing mechanism.  The stakeholders of the sector particularly financial institutions will have to organize themselves to ensure the relay. 

To anticipate on these development objectives, the FGHM plans to extend its guarantee mechanism to countries of our economic region in order to contribute to the setting up of a dynamic and structured mortgage market, which is appropriate to the financing needs for supporting our national housing financing policies. 

The contribution of the guarantee mechanism to the improvement of the loans portfolio quality of our financing institutions and to the stability of our financial system, made us to extend our service to coverage to consumption loans (equipment and individual loans) which are essential banking products for satisfying the needs of our target customers who legitimately aspire to improve their living conditions.
Other guarantee products that can contribute to a significant growth of banking loans are being studied. 

In any event, our guarantee constitutes a powerful vector of refinancing and could contribute to support the evolution of our financial market for the mobilization of essential stable resources to housing financing and investments. 

Taking into account multiplier effects of the guarantee mechanism and its impact on the banking risk management, we are convinced of the long-term success of  Mali Mortgage Guarantee Funds Ltd   as well as its significant contribution to in deep development of our financial market. 

From 2009, the establishment plans an increase of its turnover in order to reinforce its financial structure and to better meet new regulatory requirements.  We strongly hope participation in this operation of national real estate stakeholders and regional ones as well, in order to ensure durability and viability of our company.