About Me
Poor access to finance is the major barrier to home ownership for middle and lower income families in Sub-Saharan Africa. Available mortgages are few and expensive with interest rates typically around 20%, which often means that home buyers have to come up with full payment for their homes within a year. We’ve solved this by giving them an opportunity to pay over much longer periods.
Our platform aggregates subscribers who can fund the gap for the construction of residential projects. This way, homebuyers only have to initially pay a small part of the cost of housing and pay the balance over longer periods. The subscribers cover the project cost and recoup their funds and profit when the homebuyer pays the market value of the property.
The uniqueness in our approach is, the price tag placed on the cost of homes listed on our platform is a sum of the land costs, actual costs of construction, a project management fee and the exact cost of finance. Having projects fully funded helps to complete projects on time and build new schemes, thus having real potential to fix the housing deficit.