Example: affordable housing for the poor in Bangladesh

Solid houses of bricks and mortar are not available for the poor people in Bangladesh. They do not have the financial resources for that, nor do they have access to mortgage loans.

Inclusive Home Solutions Ltd (IHS) was specifically created to bring proper housing accessible to the poor. IHS offers affordable microcredit loans, with a tenor of 6 years and and reasonable interest rate of 9.5%. This may seem high, but is actually low in the context of Bangladesh.

In the meantime, thousand of homes have been constructed. And the repayment rate has been virtually 100%.

To also provide an alternative for the environmentally damaging production of bricks, we have also invested in a new company that produces eco-friendly building blocks.

Inclusive Home Solutions Ltd is an initiative by Wereld Foundation and Woord & Daad.

 

Experienced. Supportive. Down to earth.