The majority of low-income consumers in Ghana do not have a formal claim to their land due to a combination of diverse cultures and traditions, different means of acquiring land, and legal pluralism.
Existing government programs to formally register land titles are too costly and time consuming, and the system of Customary law leaves low-income consumers with a minimum level of land security and is the root of disputes among both private and public actors.
Without any documentation of their land tenure, individuals are denied the basic security of knowing that their land can’t be seized from them or transferred to an undesired party at time of death or due to lack accurate information on their property size and boundaries, and are thus disincentivized from investing in their property.
Medeem’s proprietary ParcelCert™ product provides a package of evidence that documents a client’s claim of rights with respect to the land, including a government standard land survey.
The company’s unique private sector solution brings the process to the client’s doorstep and is designed to maximize efficiency and lower costs by utilizing advanced mobile geospatial technologies.
Medeem forecasts providing over 100,000 consumers in Ghana with its ParcelCert™ product in the first 5 years of operation.
Over time, the ParcelCert™ product can allow clients to demand basic government services and use their land titles as collateral for loans.
Acumen Fund’s patient capital can help Medeem navigate its first couple years of operations and its creation of a sector, while bringing over a decade of experience in innovative housing solutions.