Echale a Tu Casa
Comision Nacional de Vivienda
Sociedad Hipotecaria Federal
Confederación Nacional Campesina
|Estimated Total Value: $80,000,000|
|Commitment Duration: 4 years|
|Geographic Region: Latin America & Caribbean|
Echale commits to supporting 8,000 low-income rural families in Mexico over the next four years with a housing program that takes the four steps outlined here.
The first step will be providing to all community beneficiaries three necessary workshops, including: a two-day session with the entire community where beneficiaries are taught to work around house construction as a common goal; a one-day housing co-design session where women and men draw houses according to their traditions and customs; and a one-day session to create the community housing committee where responsibilities are assigned to achieve social inclusion. Each week all of the program progress and outputs are discussed with the committee.
Mexico has 25 million peasants, and half of them live in shacks. They are unable to access credit. Families build their homes incrementally as their time and savings permit, a housing process that is marked by poor planning, high waste, high costs, and long completion times (10-15 years). The result is homes that are costlier to build, and as they cannot afford to hire professional contractors, the construction is often of poor quality, creating unsafe and hazardous living conditions for the families. Echale a tu Casa is a proven assisted self-building program that has delivered over 30,000 homes and 150,000 home improvements. Echale’s goal is to provide through a social impact franchise the social organization, financial education, technical training, and replica required to build affordable homes for their families, thereby creating jobs, economic spill over, and community development.
Echale is seeking funding partners to increase this commitment target population. The funding guarantee is provided by peasants’ crops as well as a social guarantee fund by Echale. Financial partnership has to be $1 million or more in order to provide an appropriated ROI. The default rate of this practice is 0.84 percent annually. Echale is also looking for media support to get the societies aware about the dramatic living conditions of the underserved housing population.