(HFGARe) is a Limited by Guarantee Company (LBG) established in Mauritius. This means that the profits or capital of the company cannot be distributed to directors or members, but must remain within the Company. HFGARe facilitates and provides access to housing finance for lower and middle income families in Africa. It does this through reinsurance or retrocession arrangements with insurers in African countries, through the introduction and implementation of a Collateral Replacement Indemnity, which is a cover of last resort to lenders that make home loans available to this market segment.