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. In India and Bangladesh alone, 108 million houses are built from temporary materials, and there is an additional housing shortage of 32 million — predicted to double by 2030. Real estate developers, governments and NGOs cannot scale to fill this gap.  

In the developing world, decent, affordable housing and productivity are inextricably linked. Manufacturing companies, mining companies, NGOs, and small to medium size builders need to speedily build cheaper, safer, healthier workplaces, housing or workforce accommodation to grow their businesses. We can provide them. 

The working poor also need cheaper, safer, healthier places to work and live. We can provide them. Most of our individual target market families are currently living in self-built, substandard housing without access to clean water or sanitation, and 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. Based on UN figures, substandard housing in South Asia costs $50 billion annually in disease, loss of productivity and income.

DomoGeo can help both individuals and institutional clients secure a place to work, live and make money. 

We serve a variety of institutional clients that are seeking to speedily build quality, affordable, safe, durable and healthy structures. Manufacturing companies, mining companies, NGOs, garment factories, and small to medium-sized builders can use our modular designs to provide  to be used as workplaces, workforce accommodation, housing or housing extensions.

Our preliminary target customer base consists of low to middle income periurban families who are making $5-15/day.  They are employed (waged or semi-formal) and have an existing relationship within an MFI, or have credit history with a financial institution. They want to generate income and accumulate assets. They want to incrementally build their home. 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. 

Our customizable and portable multi-purpose designs provide dwelling spaces that can be constructed as vertical extensions on existing homes, or as freestanding houses. They are designed to accommodate home-based microenterprise and rental activity. This integrated multi-purpose design enables the home to self-finance itself through additional income. Our vision is to drive our costs down to $5/sq. ft., making it possible for working families to buy a quality, sustainable, $500 house.

DomoGeo can double the disposable income of a hard-working family and significantly accelerate their asset-building rate in just four years.

DomoGeo aims to lower the major financing and affordability obstacles through:

1. Smaller loan amounts and shorter repayment period of 1-3 years; increasing customer affordability; eliminating MFI asset/liability mismatch; reducing default risk associated with long term housing loans,
2. Complete control over the dwelling standards through modular construction. This minimizes technical assistance requirements for MFIs, other financing institutions and NGOs during the building process; minimizes associated operating costs; and maximizes the economic, social and healthcare benefits through consistent implementation of the unique housing design,
3. The modular house itself acting as collateral; creating alternative collateral structures through cash-flow based credit risk assessment; eliminating the need for land titles; using savings and insurance programs to handle defaults and only at extreme cases executing the default collateral policy.
4. Self-financing loans through a) rental income generated by leasing a modular unit, for commercial or residential purposes, b) lowering the housing maintenance costs related to the home-based business, c) providing additional space to expand the home-based business or coupling the housing loan with an income generating business loan.

DomoGeo’s housing solution makes economic, social and environmental sense because it:

• allows institutional clients to speedily construct safe, healthy workplaces or workforce housing. This results in improved worker safety, health, satisfaction and productivity, and global brand recognition as a socially responsible organization
• fills the gap between affordable housing and  low-risk housing micro finance for low-income families
• increases the wealth of the individual client’s household through self-financing assets and income-generating business opportunities
• serves as a preventative healthcare measure for all who live and/or work in our structures, due to integrated clean water/sanitation facilities and improves the productivity of the household
• creates jobs throughout our value chain
• strengthens participating financing institutions’ portfolios as well as their social impact
• significantly reduces the environmental impact of housing over traditional brick-and-mortar construction methods

On top of that, our social impact investors receive attractive returns, coupled with deep social impact, through high volume sales in a scalable venture. Our timelines and capital requirements are a fraction of traditional real estate development companies.