MMVHAI

  • Status: Complete
  • People Housed: 80
  • Country: Philippines
  • City: Mandaue
  • Partner: PACSII
  • Year Approved: 2011
Total Invested
PHP 300,000
Average Sales Price
PHP 124,000
Total Invested
$6,252
Average Sales Price
$2,414
Delivery of Homes
Total Expected
Completed
Basic
20
20
Project Overview

The homeowners in this project previously lived in bamboo structures on the shoreline, and suffered from insecure land tenure and vulnerability to natural disasters such as typhoons. As part of the project they were offered micro mortgage loans to purchase the new houses. The loans, which are managed by PACSII, have repayment period of up to 15 years and an interest rate of just 6% per annum.

1.5 hectares was donated to PACSII for resettlement, on which 20 homes were completed and equipped with water, sanitation and energy. Interlocking compressed earth blocks (ICEB) were used as the primary building materials, which makes construction cheaper as well as providing an eco-friendly element by being completely carbon neutral.

20
Homes Completed
20 Homes Sold
20
Homes Occupied
20
Connected to Electricity
20
Connected to Water and Sanitation
1.5
Nearest Employment Area
0.65
Nearest Health Centre
1
Nearest Primary School
0.35
Nearest Bus Stop
0.75
Nearest Market
1.2
Nearest Secondary School

Client Data

Household Demographic Data
Household Size
4.00
Proportion Female
47.0
Proportion Children
28.0
Proportion Elderly
3.8
Housing Information
Description Type Number Expected Number Completed Unit Size (m2) Sales Price
(Local Currency)
Monthly Cost
(Local Currency)
Loan Length (months)
2 storey incremental Row House, 40m2 on a 32m2 plot Basic 20 20 40 124000 1400 180
Finance Description Finance Source Deposit Interest Rate (%)
2 storey incremental Row House, 40m2 on a 32m2 plot PACSII 12,300 6.0

Project Finances

Displayed In

Investments — Reall to Affordable Housing Partners

Total Project Investments
PHP 300,000
$ 6,252
Grants
PHP 300,000
$ 6,252

Based on exchange rate on 31/12/2020

Funds Lent by Partners to Households
Funds Lent by Partners to Households
PHP 1,880,628
$ 39,190
Funds Repaid by Households to Partner (to date)
Funds Repaid by Households to Partner (to date)
PHP 1,100,781
$ 22,939

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Data last updated on 10/03/2021