Republic Cement has recently expanded its affordable housing initiative, TahananKo, by partnering with three microfinance institutions (MFIs), TulaysaPag-unlad, Inc. (TSPI), AlalaysaKaunlaran, Inc. (ASKI), and Negros Women for Tomorrow Foundation (NWTF).
“Republic Cement is dedicated to helping address the Philippine housing backlog through collaborations that create shared value for those at the bottom of the pyramid,” said Renato Sunico, president of Republic Cement and Building Materials, Inc. (RCBM). “Affordable housing is one of the major pillars of our iSTAND4 program, which covers our CSR and Sustainability Plan for 2020.”
The new set of partnerships is intended to benefit low-income families who avail of the three MFI’s housing and home improvement loans. Republic Cement expects to generate a total of 5,250 house renovations and constructions from the program for 2016.
Under the partnership, Republic Cement provides marketing and technical assistance to the employees and foremen of the MFIs involved in the housing loan program. These include equipping employees with marketing skills, conducting safety and basic construction trainings, and deploying Civil Engineering Technology graduates to job sites. Through these interventions, Republic Cement ensures that projects are constructed in line with appropriate building and sanitation standards using high-quality materials.
According to Sunico, Republic Cement is currently planning to further grow the program’s footprint, which currently covers Luzon and Visayas, by signing similar partnerships with Mindanao-focused MFIs.
Benefiting over 400,000 individuals to date, Republic Cement’s TahananKo program adopts a multi-model approach in addressing the country’s housing challenges. Apart from the MFI housing loan program partnership, the company also works with National Housing Authority (NHA) contractors for government housing projects, collaborates with housing non-government organizations (NGOs) such as Habitat for Humanity and GMA Kapuso Foundation for disaster rehabilitation projects, and is involved in village housing developments by private companies and MFIs.