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The Problem Associated With Rural Housing Finance
[A case study of Alapa town, Ilorin East Asa Local Government Area]
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1.8 DEFINATION OF TERMS
FINANCE
Can be describe as the science of money management a key point of finance is time value of money which states that purchasing power of one unit currency can vary over time. Berezin (2005).
FINANCES
Is a field that deals with the allocation of assets and liabilities over time under condition of certainty and uncertainty.
HOUSE
According to Omole (2004) houses are apartments or accommodation erected for people to live in, usually for families lodgers.
HOUSING
Akomolede (2001) stated that housing is one of the basic necessities of life and the quality of housing produced is as important as the number produced in sowing like problems.
HOSING FINANCE
Akeju (2007), stated that housing finance could be regarded as the various strategist of bringing house to the affordable level of the people in a particular state or country.
RURAL HOUSING
These are located in the rural areas and they are usually characterized by simplicity of design and use of local building materials such as mud raffia palm, bamboo and wood. In the context of the most developing countries, rural housing is characterized by absence of adequate services such as pipe born water and sanitary facilities Agboola, (2003).
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