DomoGeo makes quality housing affordable for the working poor while delivering attractive returns to investors.
1. Our flexible designs enable home-based work and income generation - the house pays for itself;
2. Our innovative, sustainable technology and materials reduce construction time by 80% and cost by 30%;
3. Our unique financing product offered through partner financial institutions (FIs) gains entry to a 7.8 million customer base in India and Bangladesh alone.
DomoGeo can double the disposable income of a family and significantly accelerate their asset-building rate in just four years. We make quality housing affordable for the working poor, while delivering attractive returns to investors.
Never before in history has the world witnessed such a rapid growth in urbanization. With 1 billion people living in substandard housing, and thousands joining them every day, we are sitting on a social time bomb that is ticking away quietly in many overcrowded, poverty-stricken corners of the world.
In the developing world decent, affordable housing and productivity are inextricably linked. The world’s poorest people live in substandard housing without access to clean water or sanitation, often in severely overcrowded conditions. All of this leads to greater disease, loss in productivity and lower income; perpetuating the cycle of poverty and vulnerability from generation to generation.
DomoGeo's proposed housing offering is aimed at addressing the supply and financing aspects of affordable low-income housing through locally manufactured, eco-friendly, modular houses priced as low as $500.
DomoGeo stands out from its peers by seeking to create an affordable housing “ecosystem” that integrates local financial institutions, manufacturers, and community based enterprises, while establishing a profitable, scalable, market-driven value chain.
The customizable and portable multi-purpose design provides a dwelling space, as well as a space for integrated home-based microenterprise and rental activity. The integrated multi-purpose design enables the home to self-finance itself through additional income.
The preliminary target customer base is families living in peri-urban* areas who are making $5-15/day. They are employed (waged or semi-formal) and have an existing relationship within an MFI or credit history with a financial institution. They desire to accumulate assets in addition to income generation. They want to incrementally built their home to match their financial capacity. They don’t want long-term loans and over indebtedness. They want a multi-purpose house, where they can generate income from the use of home so that they will minimize the net new spend on housing.
DomoGeo aims to lower the major financing and affordability obstacles through:
DomoGeo's housing solution makes economic, social and environmental sense because it: