Company to provide low cost mass housing with Fortis Microfinance Bank

Nigeriarealestatehub reports that both have signed a memorandum of understanding (MoU) on this project.

Chief Executive Officer (CEO), Aggregates & Concrete, Lafarge Africa Plc, Loren Zanin, gave details of the housing project.

“We believe everyone has the right to have a home. The housing microfinance programme is a social business initiative; it aims at enabling low income people, who represent 80% of Nigerians, to become homeowners, at a time when the vast majority of these people do not have access to commercial banks loans and mortgages.

It also creates jobs for local communities in the construction industry. Besides, it is also an added value to our customers: cement retailers, block makers, etc., as, housing microfinance will enable them to grow their clientele. It’s a part of our ambition to build a better Nigeria by providing a unique tailored service to individual home builders.

This technical assistance is a great service to the customers as it is adapted to their needs and totally free, representing substantial savings for the customer."

READ: Lafarge set to build 300,000 affordable housing units by 2020

Managing Director/CEO, Fortis Microfinance Bank, Tiko Okoye, commended Lafarge on the collaboration.

“I want to praise Lafarge who has graciously agreed to partner with us to really solve the micro housing needs of Nigerians. If you know what the poverty level is and the housing deficit, you will know that this partnership is designed to achieve a major social mission and we must laud Lafarge for bringing in all their technical skills.

Lafarge will be providing technical assistance and we are going to get the products they provide cheaper and that will translate into cheaper and affordable houses.”

READ: Ogun state collaborates with Lafarge Africa Plc to solve housing problems

The low cost mass housing project promises to deliver 500 affordable homes for buyers within six months to one year.