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Free State resident Maplatjie Ramokhoase was overjoyed earlier this year when her municipality gave her the title deed to her former council home. But she has since had no luck using it to secure a loan from banks.Since April when she received the title deed, three banks have declined her bid to use her property, valued at R200,000, as collateral to secure a R60,000 loan to pay for building extensions to add a laundry, tuckshop and bathroom to the 12 rooms she already lets out.The banks turned her down because her bank account didn’t have sufficient cash to demonstrate that she had the ability to pay off any loan — despite the regular rental income she draws.Ramokhoase, from Ngwathe, Parys, is one of 1,100 home owners in several settlements who, since September 2013, have received title deeds through the Free Market Foundation’s (FMF) Khaya Lam project.The project forms part of a call by the FMF for government to give all township residents the title deeds to their council homes.The...

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