San Isidro

  • Status: Complete
  • People Housed: 128
  • Country: Philippines
  • City: Iloilo
  • Partner: LinkBuild
  • Year Approved: 2015
Total Invested
PHP 10,800,001
Average Sales Price
PHP 288,000
Total Invested
$225,059
Average Sales Price
$5,940
Delivery of Homes
Total Expected
Completed
Basic
45
45
Project Overview

Located in the city of San Isidro, this project involved the construction of 45 homes. This is a resettlement project providing housing for families formerly residing in areas affected by major government-infrastructure projects. This includes families threatened by court-ordered demolition or eviction cases, as well as displacement due to river rehabilitation, road widening and other development projects in the city.

The majority of residents previously lived in informal settlements in makeshift and substandard housing located along roads and waterways. Equipped with access to water, sanitation and energy, these homes are a significant improvement for the homeowners.

The homes utilise an eco-friendly earth-based construction method called Interlocking Compressed Earth Blocks (ICEBs) where the structure uses load-bearing blocks made of limesoil. An efficient and low-cost sanitation system has also been incorporated through the use of recycled plastic septic tanks. The houses were purchased by the clients using mortgage loans that were provided through CoreACS, a microfinance sister company of LinkBuild.

45
Homes Completed
45 Homes Sold
32
Homes Occupied
45
Connected to Electricity
45
Connected to Water and Sanitation
2.7
Nearest Employment Area
0.33
Nearest Health Centre
0.19
Nearest Primary School
0.61
Nearest Bus Stop
0.56
Nearest Market
0.19
Nearest Secondary School

Client Data

Displayed In
Client Monthly Household Incomes

Clients estimated to sit between 41st and 50th percentiles of incomes in Iloilo

Mean
25,000 PHP
521 USD
40th percentile at year of occupancy PHP 21,181
40th percentile at year of occupancy $441
Household Demographic Data
Household Size
4.00
Proportion Female
54.0
Proportion Children
32.0
Proportion Elderly
5.0
Proportion Disabled
2.0
Housing Information
Description Type Number Expected Number Completed Unit Size (m2) Sales Price
(Local Currency)
Monthly Cost
(Local Currency)
Loan Length (months)
1 storey rowhouse with roofdeck, 34m2 unit on 48m2 plot, extendable to two-storeys Basic 45 45 34 288000 6277.26 60
Finance Description Finance Source Interest Rate (%)
1 storey rowhouse with roofdeck, 34m2 unit on 48m2 plot, extendable to two-storeys CoreACS 18.0

Project Finances

Displayed In

Investments — Reall to Affordable Housing Partners

Total Project Investments
PHP 10,800,001
$ 225,059
Loans
PHP 10,800,001
$ 225,059

Based on exchange rate on 31/12/2020

Funds Lent by Partners to Households
Funds Lent by Partners to Households
PHP 11,116,800
$ 231,661
Funds Repaid by Households to Partner (to date)
Funds Repaid by Households to Partner (to date)
PHP 5,956,681
$ 124,130

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Data last updated on 10/03/2021