Los Amigos

  • Status: Complete
  • People Housed: 129
  • Country: Philippines
  • City: Davao
  • Partner: LinkBuild
  • Year Approved: 2014
Total Invested
PHP 11,670,888
Average Sales Price
PHP 150,000
Total Invested
$243,207
Average Sales Price
$3,022
Delivery of Homes
Total Expected
Completed
Basic
46
46
Project Overview

This resettlement project, consisting of 46 homes, serves families that had secured housing plots from Davao City Government’s programme to provide secure tenure to informal settlers. The homeowners are derived from a list of people affected by demolitions. These families are informally employed and were previously living in poor conditions.

Homes are equipped with water, sanitation and energy, with the site infrastructure provided by the government. The project involves climate-smart construction, with the use of load bearing earth blocks known as Interlocking Compressed Earth Blocks (ICEB).

Homes are one-bedroom detached units with a toilet, a bathroom and provision for a kitchen. They were purchased by the clients using mortgage loans that were provided through CoreACS, a microfinance sister company of LinkBuild. With a repayment period of 5 years, the houses were structurally designed to be incrementally extended as the homeowners’ financial situations improve, following the repayment of their initial loan.

46
Homes Completed
46 Homes Sold
43
Homes Occupied
46
Connected to Electricity
46
Connected to Water and Sanitation
4.05
Nearest Employment Area
4.71
Nearest Health Centre
0.45
Nearest Primary School
0.29
Nearest Bus Stop
0.65
Nearest Market
0.55
Nearest Secondary School

Client Data

Displayed In
Client Monthly Household Incomes

Clients estimated to sit between 11th and 20th percentiles of incomes in Davao

Mean
18,000 PHP
375 USD
40th percentile at year of occupancy PHP 26,557
40th percentile at year of occupancy $553
Household Demographic Data
Household Size
3.00
Proportion Female
47.0
Proportion Children
23.0
Proportion Elderly
10.0
Proportion Disabled
0.8
Housing Information
Description Type Number Expected Number Completed Unit Size (m2) Sales Price
(Local Currency)
Monthly Cost
(Local Currency)
Loan Length (months)
1 storey incremental single detached unit, 22m2 unit on 80m2 plot Basic 46 46 22 150000 3138.63 60
Finance Description Finance Source Interest Rate (%)
1 storey incremental single detached unit, 22m2 unit on 80m2 plot CoreACS 18.0

Project Finances

Displayed In

Investments — Reall to Affordable Housing Partners

Total Project Investments
PHP 11,670,888
$ 243,207
Loans
PHP 6,710,588
$ 139,841
Grants
PHP 4,960,300
$ 103,367

Based on exchange rate on 31/12/2020

Funds Lent by Partners to Households
Funds Lent by Partners to Households
PHP 3,986,081
$ 83,065
Funds Repaid by Households to Partner (to date)
Funds Repaid by Households to Partner (to date)
PHP 3,031,897
$ 63,181

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Data last updated on 10/03/2021