- Offering access to housing microfinance solutions to the low income segment
- Providing technical assistance to low income families to build/renovate their house
- Training banks and microfinance institutions on how to provide loans for house construction to low income people
In most countries, low income people do not have access to small loans for home construction or improvement, simply because not enough banks, including microfinance institutions, know how to design and finance small housing loans.
This is why LafargeHolcim has entered into partnership with microfinance banks in 10+ countries to provide access to small loans for bit-by-bit construction and renovation. In 3 years, LafargeHolcim has built the largest network of microfinance bank doing housing microfinance, with more than 30 microfinance banks involved in the initiative. Every month, through these partnerships, more than 1,000 small housing loans are granted to low income families.
LafargeHolcim also entered into partnership with development agencies (Agence Française de Développement, World Bank/ IFC, Shelter Afrique in particular) that provide funding and capacity building to these Microfinance partners. With the World Bank/ IFC, LafargeHolcim has launched its Housing Microfinance Academy, an itinerary training program delivered jointly by LafargeHolcim and IFC, to train banks and microfinance institutions on how to provide loans for house construction to low income people.
LafargeHolcim has built teams of construction technical assistants in each country where we are in partnership with microfinance banks. These teams help the borrowers throughout the construction project, from the preparation of the drawings, to the optimization of the bill of quantities, to the supervision of their job site. These construction technical assistants also connect the borrowers with affiliated building material retailers where borrowers can pick up the materials directly in kind.
Since it was implemented, LafargeHolcim and its partners has helped thousands of low income people to build/renovate their homes:
- more than 2,000 in Bangladesh,
- more than 5,000 in Indonesia,
- more than 7,000 in Nigeria,
- more than 4,000 in Serbia,
- more than 700 in Sri Lanka,
- more than 8,000 in Zambia.