Holcim Lanka and Bimputh Finance scheduled to become the go-to provider for affordable housing
Holcim Lanka, a member of the LafargeHolcim Group, global leader in the construction material industry recently signed a memorandum of understanding (MoU) in partnership with Bimputh Finance PLC, a leading micro-finance institution in Sri Lanka, pledging to be the provider for the ‘PoornaNivasi’ – Affordable Housing programme.
The Affordable Housing programme is part of LafargeHolcim’s global platform which aims to make a high social impact by assisting home-builders with relatively lower incomes to access housing at the most affordable cost.
Under this program, beneficiaries are selected from within the communities attached to Bimputh Finance PLC and given access to flexible financial facilities through Bimputh Finance PLC and provided comprehensive technical facilities via Holcim Lanka.
Philippe Richart, CEO, Holcim (Lanka) Ltd, commented at the signing of the MoU, “This project is part of the LafargeHolcim sustainable development strategy which aims to support 75 million people around the world by 2030. Initiated across 25 countries to support individual home-builders who receive a relatively low-income with access to housing at an affordable cost, through partnerships with entities such as Bimputh Finance PLC, Holcim Lanka will continue to enhance its offering. It is an honour to see the launch of the ‘PoornaNivasi’ Affordable Housing programme which will enrich the lives of these beneficiaries.”
ChamindraGamage, Director & General Manager, Bimputh Finance PLC, commented “we have always prided ourselves in providing financial solutions to those who need support. At Bimputh Finance, we endeavor to provide the under-served low income segments of Sri Lanka with affordable, tailor made financial products which meet their specific needs. We are truly delighted that international institutions such as Holcim are committed towards supporting the local communities which we strive to uplift. With the introduction of the ‘PoornaNivasi’ programme, we are now able to support our clients in finally realizing their dreams in building a house that they can truly call ‘Home’”.
Bimputh Finance PLC will provide guidance on finance management throughout the assessment of the credit facility while reaching the end consumers of both entities positively.
The ‘PoornaNivasi’ affordable housing program has already reached 8 districts during the pilot period and aims to penetrate toward the national level by end of 2016. The program will reach the communities with the theme of “LowaDinanaDaruwata – HisataSaviSevanak” (A strong roof for your child to win the world).