Saiban : housing for the BOP in Pakistan

-Project status: Active
-Sectors: Non-profit Activity
-Funding source: Private Investment Funded | Philanthropy Funded
-Location of project: Pakistan | South Asia
-Project type: General Banking Activity | Financial Services Activity | Education Activity

Managing Organization: Saiban ("shelter")


Saiban : housing for the BOP in Pakistan

Contact Name: TASNEEM SIDDIQUI

Contact Email: saiban_project@yahoo.com

Contact Phone: 92-21-7219049, 92-21-7219772

Contact Address: GRE-319 (2-B), Britto Road, Garden East, Karachi – PAKISTAN


Affiliated Organizations: Schwab Foundation Acumen Fund


Related URLs:
Case studies: http://www.acumenfund.org/pdf/saiban_study.pdf d=yes... http://www.worldbank.org/urban/symposium2005/papers/siddiqui.pdf


Activity Description: 30% of Pakistanis now live in urban slums due to a scarcity of affordable housing (a shortage of 4.5 million homes in 1998). Saiban is a market based solution that provides home ownership for urban squatters; the program builds housing developments on land it has secured and inspected, then sells the houses to the poor with reduced rates and an affordable down payment: total cost is 30% less than informal housing over 10 years.

By partnering with other non-profit social organizations, Saiban also facilitates education, health and credit services to the residents of the housing community.

Saiban is transparent and sustainable on a per-project basis, but growth has been slower than expected due to the dramatic increase in land prices and building materials in Pakistan recently.
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